Callan Family Office LLC Raises Stake in Landstar System, Inc. (NASDAQ:LSTR)

Callan Family Office LLC boosted its stake in shares of Landstar System, Inc. (NASDAQ:LSTR) by 394.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,580 shares of the transportation company’s stock after buying an additional 4,451 shares during the quarter. Callan Family Office LLC’s holdings in Landstar System were worth $959,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in LSTR. Golden State Wealth Management LLC purchased a new position in Landstar System in the fourth quarter valued at about $25,000. Trust Co. of Vermont bought a new stake in shares of Landstar System in the 4th quarter worth approximately $34,000. TD Private Client Wealth LLC lifted its stake in Landstar System by 27.9% in the third quarter. TD Private Client Wealth LLC now owns 725 shares of the transportation company’s stock valued at $137,000 after purchasing an additional 158 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in Landstar System by 225.5% in the fourth quarter. Jones Financial Companies Lllp now owns 895 shares of the transportation company’s stock valued at $154,000 after purchasing an additional 620 shares during the last quarter. Finally, Huntington National Bank grew its holdings in Landstar System by 11.5% during the third quarter. Huntington National Bank now owns 924 shares of the transportation company’s stock valued at $175,000 after purchasing an additional 95 shares during the period. Hedge funds and other institutional investors own 97.95% of the company’s stock.

Landstar System Trading Up 1.3 %

Shares of LSTR opened at $161.92 on Friday. Landstar System, Inc. has a twelve month low of $152.64 and a twelve month high of $196.86. The stock has a market cap of $5.72 billion, a PE ratio of 29.33 and a beta of 0.82. The company has a quick ratio of 2.21, a current ratio of 1.96 and a debt-to-equity ratio of 0.07. The business’s 50-day moving average price is $165.76 and its 200-day moving average price is $177.10.

Landstar System (NASDAQ:LSTR) last issued 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 analysts forecast that Landstar System, Inc. will post 6.1 EPS for the current fiscal year.

Landstar System Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be given a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.89%. Landstar System’s dividend payout ratio (DPR) is presently 26.09%.

Analyst Ratings Changes

LSTR has been the topic of several research reports. Stifel Nicolaus boosted 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. Benchmark reissued a “hold” rating on shares of Landstar System in a report on Friday, January 31st. JPMorgan Chase & Co. lowered 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, Raymond James lowered shares of Landstar System from an “outperform” rating to a “market perform” rating in a research report on Friday, November 15th. One analyst has rated the stock with a sell rating and eleven have given a hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $170.40.

Landstar System Company 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.