Greykasell Wealth Strategies Inc. Acquires Shares of 1,480 Landstar System, Inc. (NASDAQ:LSTR)

Greykasell Wealth Strategies Inc. bought a new position in shares of Landstar System, Inc. (NASDAQ:LSTR) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,480 shares of the transportation company’s stock, valued at approximately $254,000.

A number of other institutional investors have also made changes to their positions in LSTR. Golden State Wealth Management LLC acquired a new stake in Landstar System during the 4th quarter valued at $25,000. HM Payson & Co. acquired a new stake in shares of Landstar System during the 4th quarter worth about $26,000. Trust Co. of Vermont bought a new stake in shares of Landstar System during the 4th quarter worth about $34,000. TD Private Client Wealth LLC grew its stake in Landstar System by 27.9% in the 3rd quarter. TD Private Client Wealth LLC now owns 725 shares of the transportation company’s stock valued at $137,000 after buying an additional 158 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in Landstar System by 225.5% in the 4th quarter. Jones Financial Companies Lllp now owns 895 shares of the transportation company’s stock valued at $154,000 after acquiring an additional 620 shares during the period. 97.95% of the stock is owned by institutional investors and hedge funds.

Landstar System Price Performance

Shares of NASDAQ:LSTR opened at $150.41 on Friday. The firm has a 50 day moving average of $163.83 and a 200-day moving average of $175.94. Landstar System, Inc. has a 12 month low of $147.59 and a 12 month high of $196.86. The company has a current ratio of 1.96, a quick ratio of 2.21 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $5.31 billion, a PE ratio of 27.25 and a beta of 0.82.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.31 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.04). Landstar System had a net margin of 4.07% and a return on equity of 19.56%. On average, equities research analysts predict that Landstar System, Inc. will post 6.1 EPS for the current fiscal year.

Landstar System Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.96%. The ex-dividend date was Tuesday, February 18th. Landstar System’s dividend payout ratio (DPR) is presently 26.09%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on LSTR. JPMorgan Chase & Co. reduced their price objective on Landstar System from $184.00 to $177.00 and set a “neutral” rating for the company in a report on Thursday, January 30th. Benchmark reaffirmed a “hold” rating on shares of Landstar System in a report on Friday, January 31st. Stifel Nicolaus lifted their target price on Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Finally, Truist Financial assumed coverage on shares of Landstar System in a research note on Thursday. They issued a “hold” rating and a $160.00 price target on the stock. One research analyst has rated the stock with a sell rating and twelve have issued a hold rating to the stock. According to data from MarketBeat.com, Landstar System presently has a consensus rating of “Hold” and an average price target of $169.45.

About Landstar System

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.