Everpar Advisors LLC Takes Position in Landstar System, Inc. (NASDAQ:LSTR)

Everpar Advisors LLC purchased a new stake in shares of Landstar System, Inc. (NASDAQ:LSTR) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 1,746 shares of the transportation company’s stock, valued at approximately $338,000.

A number of other large investors have also recently modified their holdings of the business. Charles Schwab Investment Management Inc. boosted its position in shares of Landstar System by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 347,804 shares of the transportation company’s stock valued at $67,352,000 after acquiring an additional 8,219 shares during the last quarter. Apollon Wealth Management LLC boosted its stake in Landstar System by 119.4% in the fourth quarter. Apollon Wealth Management LLC now owns 4,873 shares of the transportation company’s stock worth $944,000 after buying an additional 2,652 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in Landstar System by 72.9% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 690 shares of the transportation company’s stock worth $134,000 after buying an additional 291 shares in the last quarter. SRS Capital Advisors Inc. boosted its stake in Landstar System by 209.7% in the fourth quarter. SRS Capital Advisors Inc. now owns 192 shares of the transportation company’s stock worth $37,000 after buying an additional 130 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Landstar System by 19.2% in the fourth quarter. Victory Capital Management Inc. now owns 1,394,389 shares of the transportation company’s stock worth $270,024,000 after buying an additional 224,286 shares in the last quarter. Institutional investors own 97.95% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on LSTR shares. Stifel Nicolaus cut their price objective on Landstar System from $166.00 to $164.00 and set a “hold” rating on the stock in a research report on Monday, April 29th. UBS Group upped their price target on Landstar System from $175.00 to $200.00 and gave the stock a “neutral” rating in a research note on Friday, February 2nd. Wolfe Research raised Landstar System from a “peer perform” rating to an “outperform” rating and set a $205.00 price objective for the company in a research report on Wednesday, January 10th. Susquehanna cut their price objective on shares of Landstar System from $165.00 to $160.00 and set a “neutral” rating on the stock in a report on Friday, April 26th. Finally, Benchmark reiterated a “hold” rating on shares of Landstar System in a report on Friday, April 26th. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Landstar System presently has a consensus rating of “Hold” and an average target price of $183.91.

Landstar System Stock Performance

Shares of NASDAQ:LSTR traded down $1.96 during midday trading on Wednesday, reaching $179.70. 255,046 shares of the company’s stock traded hands, compared to its average volume of 278,775. The company has a market cap of $6.43 billion, a price-to-earnings ratio of 27.65, a P/E/G ratio of 4.91 and a beta of 0.86. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.00 and a current ratio of 2.22. Landstar System, Inc. has a one year low of $161.13 and a one year high of $208.62. The stock has a 50 day moving average of $181.88 and a 200 day moving average of $183.62.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings results on Wednesday, April 24th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.04. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.12 billion. Landstar System had a return on equity of 23.11% and a net margin of 4.63%. As a group, equities research analysts anticipate that Landstar System, Inc. will post 6.49 EPS for the current fiscal year.

Landstar System Announces Dividend

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

About Landstar System

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.