Massmutual Trust Co. FSB ADV Has $26,000 Stock Position in Landstar System, Inc. (NASDAQ:LSTR)

Massmutual Trust Co. FSB ADV increased its stake in shares of Landstar System, Inc. (NASDAQ:LSTR) by 108.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 142 shares of the transportation company’s stock after acquiring an additional 74 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Landstar System were worth $26,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of LSTR. Envestnet Portfolio Solutions Inc. raised its stake in shares of Landstar System by 2.9% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 2,008 shares of the transportation company’s stock worth $387,000 after purchasing an additional 57 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Landstar System by 13.8% during the first quarter. EverSource Wealth Advisors LLC now owns 595 shares of the transportation company’s stock worth $115,000 after acquiring an additional 72 shares in the last quarter. Quent Capital LLC lifted its stake in Landstar System by 10.3% in the first quarter. Quent Capital LLC now owns 917 shares of the transportation company’s stock valued at $177,000 after acquiring an additional 86 shares during the last quarter. Quadrant Capital Group LLC grew its position in shares of Landstar System by 9.9% in the 4th quarter. Quadrant Capital Group LLC now owns 1,045 shares of the transportation company’s stock valued at $202,000 after acquiring an additional 94 shares during the period. Finally, Burgundy Asset Management Ltd. increased its stake in shares of Landstar System by 4.3% during the 4th quarter. Burgundy Asset Management Ltd. now owns 2,573 shares of the transportation company’s stock worth $498,000 after purchasing an additional 107 shares during the last quarter. 97.95% of the stock is owned by institutional investors and hedge funds.

Landstar System Stock Up 2.1 %

NASDAQ LSTR opened at $189.15 on Wednesday. The company has a current ratio of 2.17, a quick ratio of 2.22 and a debt-to-equity ratio of 0.05. The company has a market cap of $6.76 billion, a price-to-earnings ratio of 29.10 and a beta of 0.80. The company has a 50 day moving average of $183.17 and a 200-day moving average of $184.72. Landstar System, Inc. has a 1-year low of $161.13 and a 1-year high of $202.63.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.02. The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Landstar System had a return on equity of 21.69% and a net margin of 4.49%. The company’s quarterly revenue was down 10.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.85 EPS. On average, equities research analysts expect that Landstar System, Inc. will post 6.1 earnings per share for the current fiscal year.

Landstar System Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 20th will be given a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, August 20th. This is a boost from Landstar System’s previous quarterly dividend of $0.33. This represents a $1.44 annualized dividend and a dividend yield of 0.76%. Landstar System’s payout ratio is presently 22.15%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Stifel Nicolaus cut their target price on shares of Landstar System from $164.00 to $160.00 and set a “hold” rating for the company in a research note on Thursday, August 1st. Wolfe Research downgraded Landstar System from an “outperform” rating to a “peer perform” rating in a research note on Thursday, July 11th. Morgan Stanley dropped their price target on Landstar System from $147.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Monday, July 8th. JPMorgan Chase & Co. lifted their price objective on shares of Landstar System from $182.00 to $188.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Finally, 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 research report on Tuesday, June 25th. Twelve equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $179.73.

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.