Parthenon LLC Grows Position in Landstar System, Inc. (NASDAQ:LSTR)

Parthenon LLC grew its holdings in shares of Landstar System, Inc. (NASDAQ:LSTR) by 1.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 67,997 shares of the transportation company’s stock after purchasing an additional 1,222 shares during the quarter. Landstar System comprises approximately 1.4% of Parthenon LLC’s portfolio, making the stock its 22nd biggest holding. Parthenon LLC owned 0.19% of Landstar System worth $11,686,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Thrivent Financial for Lutherans grew its stake in Landstar System by 3,775.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 334,853 shares of the transportation company’s stock valued at $63,243,000 after buying an additional 326,212 shares in the last quarter. Boston Trust Walden Corp lifted its holdings in Landstar System by 21.1% during the 4th quarter. Boston Trust Walden Corp now owns 277,520 shares of the transportation company’s stock worth $47,695,000 after purchasing an additional 48,312 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in Landstar System by 509.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 55,048 shares of the transportation company’s stock worth $10,397,000 after purchasing an additional 46,014 shares during the period. Janus Henderson Group PLC grew its holdings in Landstar System by 24.0% during the 3rd quarter. Janus Henderson Group PLC now owns 232,924 shares of the transportation company’s stock valued at $43,992,000 after buying an additional 45,147 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its holdings in Landstar System by 10.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 429,928 shares of the transportation company’s stock valued at $81,201,000 after buying an additional 41,758 shares in the last quarter. Institutional investors own 97.95% of the company’s stock.

Landstar System Stock Performance

Shares of LSTR stock opened at $158.38 on Thursday. The company has a market capitalization of $5.60 billion, a P/E ratio of 28.69 and a beta of 0.83. Landstar System, Inc. has a fifty-two week low of $157.99 and a fifty-two week high of $196.86. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.21 and a current ratio of 1.96. The stock has a 50 day moving average price of $170.61 and a two-hundred day moving average price of $179.57.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.31 EPS for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.04). Landstar System had a net margin of 4.07% and a return on equity of 19.56%. Analysts expect that Landstar System, Inc. will post 6.1 earnings per share for the current year.

Landstar System Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be paid a $0.36 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $1.44 annualized dividend and a dividend yield of 0.91%. Landstar System’s payout ratio is presently 26.09%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. UBS Group raised their price objective on shares of Landstar System from $184.00 to $186.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Stephens reduced their price target on shares of Landstar System from $190.00 to $180.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 30th. Benchmark reiterated a “hold” rating on shares of Landstar System in a research report on Friday, January 31st. JPMorgan Chase & Co. decreased their target price on Landstar System from $184.00 to $177.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. Finally, Stifel Nicolaus boosted their price objective on Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating and eleven have given a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $170.40.

Landstar System Company Profile

Landstar System, Inc provides integrated transportation management solutions in the United States, Canada, Mexico, and internationally. It operates through two segments: Transportation Logistics and Insurance. The Transportation Logistics segment offers a range of transportation services, including truckload and less-than-truckload transportation, rail intermodal, air cargo, ocean cargo, expedited ground and air delivery of time-critical freight, heavy-haul/specialized, U.S.-Canada and U.S.-Mexico cross-border, intra-Mexico, intra-Canada, project cargo, and customs brokerage, as well as offers transportation services to other transportation companies, such as third party logistics and less-than-truckload services.