Ashton Thomas Private Wealth LLC Decreases Position in Landstar System, Inc. (NASDAQ:LSTR)

Ashton Thomas Private Wealth LLC cut its stake in Landstar System, Inc. (NASDAQ:LSTR) by 4.0% during the first quarter, HoldingsChannel reports. The institutional investor owned 4,559 shares of the transportation company’s stock after selling 189 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Landstar System were worth $879,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Landstar System in the 4th quarter valued at about $2,261,000. Vaughan Nelson Investment Management L.P. raised its holdings in Landstar System by 4.3% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 277,741 shares of the transportation company’s stock valued at $53,784,000 after acquiring an additional 11,370 shares during the last quarter. Royal Bank of Canada raised its holdings in Landstar System by 6.3% in the 3rd quarter. Royal Bank of Canada now owns 335,747 shares of the transportation company’s stock valued at $59,407,000 after acquiring an additional 19,920 shares during the last quarter. Hsbc Holdings PLC raised its holdings in Landstar System by 137.0% in the 4th quarter. Hsbc Holdings PLC now owns 8,028 shares of the transportation company’s stock valued at $1,556,000 after acquiring an additional 4,641 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in Landstar System by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 3,454,652 shares of the transportation company’s stock valued at $668,993,000 after acquiring an additional 27,026 shares during the last quarter. 97.95% of the stock is owned by hedge funds and other institutional investors.

Landstar System Trading Down 1.8 %

Shares of NASDAQ:LSTR traded down $3.28 during mid-day trading on Friday, reaching $180.89. 28,150 shares of the company were exchanged, compared to its average volume of 265,240. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.22 and a quick ratio of 2.22. The firm has a market cap of $6.47 billion, a price-to-earnings ratio of 28.33 and a beta of 0.80. The firm’s 50-day simple moving average is $181.15 and its 200 day simple moving average is $186.02. Landstar System, Inc. has a 1 year low of $161.13 and a 1 year high of $208.62.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings data on Wednesday, April 24th. The transportation company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.04. The firm had revenue of $1.17 billion during 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%. Equities research analysts forecast that Landstar System, Inc. will post 6.31 EPS for the current year.

Landstar System Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Stifel Nicolaus cut their price objective on shares of Landstar System from $166.00 to $164.00 and set a “hold” rating for the company in a report on Monday, April 29th. Evercore ISI increased their price objective on shares of Landstar System from $161.00 to $173.00 and gave the company an “in-line” rating in a report on Tuesday, June 25th. Benchmark restated a “hold” rating on shares of Landstar System in a report on Friday, April 26th. Susquehanna cut their price target on shares of Landstar System from $165.00 to $160.00 and set a “neutral” rating for the company in a report on Friday, April 26th. Finally, Raymond James initiated coverage on shares of Landstar System in a report on Wednesday, May 15th. They set an “outperform” rating and a $205.00 price target for the company. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $182.55.

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.