Impact Capital Partners LLC Takes Position in Landstar System, Inc. (NASDAQ:LSTR)

Impact Capital Partners LLC acquired a new stake in shares of Landstar System, Inc. (NASDAQ:LSTR) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,138 shares of the transportation company’s stock, valued at approximately $711,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Verition Fund Management LLC raised its position in shares of Landstar System by 28.1% during the third quarter. Verition Fund Management LLC now owns 59,005 shares of the transportation company’s stock valued at $11,144,000 after buying an additional 12,931 shares during the last quarter. ING Groep NV bought a new stake in Landstar System in the third quarter worth $1,228,000. Point72 Asia Singapore Pte. Ltd. increased its position in Landstar System by 419.3% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,682 shares of the transportation company’s stock worth $695,000 after purchasing an additional 2,973 shares during the last quarter. Thrivent Financial for Lutherans increased its position in Landstar System by 3,775.2% in the third quarter. Thrivent Financial for Lutherans now owns 334,853 shares of the transportation company’s stock worth $63,243,000 after purchasing an additional 326,212 shares during the last quarter. Finally, FMR LLC increased its position in Landstar System by 8.6% in the third quarter. FMR LLC now owns 162,222 shares of the transportation company’s stock worth $30,639,000 after purchasing an additional 12,894 shares during the last quarter. Institutional investors own 97.95% of the company’s stock.

Landstar System Stock Down 0.9 %

Shares of LSTR opened at $150.75 on Thursday. The firm has a market cap of $5.32 billion, a P/E ratio of 27.31 and a beta of 0.82. Landstar System, Inc. has a 12-month low of $148.27 and a 12-month high of $196.86. The company’s 50-day moving average price is $164.70 and its 200 day moving average price is $176.41. The company has a current ratio of 1.96, a quick ratio of 2.21 and a debt-to-equity ratio of 0.07.

Landstar System (NASDAQ:LSTR) last released its earnings results on Wednesday, January 29th. The transportation company reported $1.31 earnings per share 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, sell-side analysts forecast that Landstar System, Inc. will post 6.1 earnings per share for the current year.

Landstar System Dividend Announcement

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

Analyst Ratings Changes

LSTR has been the topic of several research reports. Stifel Nicolaus boosted their price target on shares of Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Benchmark reissued a “hold” rating on shares of Landstar System in a research note on Friday, January 31st. JPMorgan Chase & Co. cut their price target on shares of Landstar System from $184.00 to $177.00 and set a “neutral” rating on the stock in a report on Thursday, January 30th. Finally, Raymond James cut shares of Landstar System from an “outperform” rating to a “market perform” rating in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $170.40.

Landstar System 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.