SRS Capital Advisors Inc. Acquires 130 Shares of Landstar System, Inc. (NASDAQ:LSTR)

SRS Capital Advisors Inc. lifted its stake in Landstar System, Inc. (NASDAQ:LSTR) by 209.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 192 shares of the transportation company’s stock after acquiring an additional 130 shares during the period. SRS Capital Advisors Inc.’s holdings in Landstar System were worth $37,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Larson Financial Group LLC bought a new position in Landstar System in the 3rd quarter worth about $49,000. GAMMA Investing LLC purchased a new position in Landstar System during the fourth quarter valued at approximately $58,000. Cary Street Partners Investment Advisory LLC grew its stake in Landstar System by 126.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 565 shares of the transportation company’s stock valued at $100,000 after acquiring an additional 315 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in Landstar System by 17.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 616 shares of the transportation company’s stock worth $119,000 after acquiring an additional 92 shares during the period. Finally, Blue Trust Inc. lifted its stake in Landstar System by 18.7% in the 4th quarter. Blue Trust Inc. now owns 755 shares of the transportation company’s stock worth $134,000 after purchasing an additional 119 shares in the last quarter. 97.95% of the stock is currently owned by hedge funds and other institutional investors.

Landstar System Stock Performance

Shares of NASDAQ LSTR opened at $180.14 on Friday. The stock’s 50-day moving average is $182.64 and its 200 day moving average is $183.43. The stock has a market cap of $6.44 billion, a price-to-earnings ratio of 27.71, a P/E/G ratio of 4.91 and a beta of 0.86. Landstar System, Inc. has a 1-year low of $161.13 and a 1-year high of $208.62. The company has a current ratio of 2.22, a quick ratio of 2.00 and a debt-to-equity ratio of 0.04.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings results on Wednesday, April 24th. The transportation company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.04. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.12 billion. Landstar System had a net margin of 4.63% and a return on equity of 23.11%. On average, sell-side analysts anticipate that Landstar System, Inc. will post 6.49 EPS for the current fiscal year.

Landstar System Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Wednesday, May 8th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date is Tuesday, May 7th. Landstar System’s payout ratio is presently 20.31%.

Insiders Place Their Bets

In other Landstar System news, VP Michael K. Kneller sold 12,219 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $190.30, for a total transaction of $2,325,275.70. Following the completion of the sale, the vice president now directly owns 61,127 shares in the company, valued at $11,632,468.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on LSTR shares. Stifel Nicolaus reduced their price target on shares of Landstar System from $166.00 to $164.00 and set a “hold” rating for the company in a research report on Monday, April 29th. Wells Fargo & Company boosted their target price on Landstar System from $165.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Friday, February 2nd. Wolfe Research raised Landstar System from a “peer perform” rating to an “outperform” rating and set a $205.00 price target on the stock in a report on Wednesday, January 10th. UBS Group lifted their price target on Landstar System from $175.00 to $200.00 and gave the company a “neutral” rating in a research report on Friday, February 2nd. Finally, Susquehanna decreased their price objective on shares of Landstar System from $165.00 to $160.00 and set a “neutral” rating on the stock in a research report on Friday, April 26th. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Landstar System presently has an average rating of “Hold” and a consensus target price of $183.91.

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.