Landstar System, Inc. $LSTR Shares Purchased by Peterson Wealth Services

Peterson Wealth Services boosted its holdings in shares of Landstar System, Inc. (NASDAQ:LSTR) by 1,108.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,960 shares of the transportation company’s stock after buying an additional 10,053 shares during the quarter. Peterson Wealth Services’ holdings in Landstar System were worth $1,343,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. MAI Capital Management boosted its holdings in Landstar System by 79.3% in the second quarter. MAI Capital Management now owns 242 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 107 shares during the period. Geneos Wealth Management Inc. raised its position in Landstar System by 132.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 142 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of Landstar System by 335.8% in the 3rd quarter. UMB Bank n.a. now owns 292 shares of the transportation company’s stock valued at $36,000 after buying an additional 225 shares during the period. Hantz Financial Services Inc. grew its position in shares of Landstar System by 7,650.0% during the second quarter. Hantz Financial Services Inc. now owns 310 shares of the transportation company’s stock worth $43,000 after buying an additional 306 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of Landstar System by 126.6% during the second quarter. EverSource Wealth Advisors LLC now owns 315 shares of the transportation company’s stock worth $44,000 after buying an additional 176 shares in the last quarter. Institutional investors and hedge funds own 97.95% of the company’s stock.

Wall Street Analysts Forecast Growth

LSTR has been the subject of a number of recent research reports. TD Cowen reiterated a “hold” rating on shares of Landstar System in a research note on Friday, January 9th. Stifel Nicolaus lifted their price objective on shares of Landstar System from $140.00 to $147.00 and gave the stock a “hold” rating in a research report on Wednesday, January 14th. UBS Group lowered their target price on shares of Landstar System from $149.00 to $147.00 and set a “neutral” rating for the company in a research note on Wednesday, October 29th. JPMorgan Chase & Co. raised their price target on Landstar System from $134.00 to $162.00 and gave the company a “neutral” rating in a research note on Monday, January 12th. Finally, Wells Fargo & Company raised Landstar System from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $145.00 to $170.00 in a research report on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $153.00.

Landstar System Stock Performance

Shares of LSTR stock opened at $158.70 on Tuesday. The stock’s 50-day moving average is $145.46 and its two-hundred day moving average is $134.98. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.01 and a current ratio of 1.75. Landstar System, Inc. has a 1 year low of $119.32 and a 1 year high of $164.35. The firm has a market cap of $5.45 billion, a price-to-earnings ratio of 47.95 and a beta of 0.85.

Landstar System Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 18th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, February 18th. This represents a $1.60 annualized dividend and a yield of 1.0%. Landstar System’s payout ratio is 48.34%.

Landstar System Profile

Landstar System, Inc provides integrated transportation management solutions through a network of independent agents and third-party capacity providers. The company specializes in truckload brokerage, intermodal, air and ocean freight, expedited and heavy-haul services, along with value-added offerings such as cargo insurance, customs brokerage and supply chain management. Landstar’s proprietary technology platform enables real-time load matching, shipment tracking and data analytics to optimize fleet utilization and improve customer service.

Founded in 1968 and headquartered in Jacksonville, Florida, Landstar pioneered an asset-light brokerage model that has evolved into a global logistics operation.