Proficio Capital Partners LLC Purchases Shares of 49,244 Landstar System, Inc. (NASDAQ:LSTR)

Proficio Capital Partners LLC acquired a new position in shares of Landstar System, Inc. (NASDAQ:LSTR) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 49,244 shares of the transportation company’s stock, valued at approximately $8,463,000.

Several other large investors have also made changes to their positions in LSTR. Golden State Wealth Management LLC purchased a new stake in Landstar System during the fourth quarter valued at about $25,000. Trust Co. of Vermont purchased a new stake in shares of Landstar System during the 4th quarter worth about $34,000. TD Private Client Wealth LLC grew its holdings in shares of Landstar System by 27.9% during the 3rd quarter. TD Private Client Wealth LLC now owns 725 shares of the transportation company’s stock worth $137,000 after purchasing an additional 158 shares during the period. Huntington National Bank increased its position in Landstar System by 11.5% during the 3rd quarter. Huntington National Bank now owns 924 shares of the transportation company’s stock worth $175,000 after purchasing an additional 95 shares in the last quarter. Finally, KBC Group NV raised its holdings in Landstar System by 14.8% in the third quarter. KBC Group NV now owns 1,006 shares of the transportation company’s stock valued at $190,000 after buying an additional 130 shares during the period. 97.95% of the stock is owned by hedge funds and other institutional investors.

Landstar System Trading Up 1.7 %

NASDAQ:LSTR opened at $158.80 on Monday. The firm has a market capitalization of $5.61 billion, a P/E ratio of 28.77 and a beta of 0.83. The business has a 50 day simple moving average of $167.56 and a 200 day simple moving average of $178.13. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.96 and a quick ratio of 2.21. Landstar System, Inc. has a 12-month low of $152.73 and a 12-month high of $196.86.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.31 earnings per share (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%. Equities research analysts predict that Landstar System, Inc. will post 6.1 EPS for the current year.

Landstar System Announces Dividend

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

Wall Street Analyst Weigh In

LSTR has been the subject of several research reports. Raymond James downgraded shares of Landstar System from an “outperform” rating to a “market perform” rating in a research note on Friday, November 15th. Benchmark reiterated a “hold” rating on shares of Landstar System in a report on Friday, January 31st. JPMorgan Chase & Co. reduced their price objective 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 increased their target price on Landstar System from $164.00 to $169.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating and eleven have given a hold rating to the stock. According to data from MarketBeat.com, the stock 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.