Brown Advisory Inc. Purchases 1,961 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Brown Advisory Inc. grew its stake in Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 31.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,156 shares of the transportation company's stock after purchasing an additional 1,961 shares during the quarter. Brown Advisory Inc.'s holdings in Landstar System were worth $1,225,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in LSTR. Ameriprise Financial Inc. grew its position in shares of Landstar System by 120.7% in the 4th quarter. Ameriprise Financial Inc. now owns 165,297 shares of the transportation company's stock worth $28,408,000 after buying an additional 90,391 shares during the period. Principal Financial Group Inc. grew its position in shares of Landstar System by 0.3% in the 1st quarter. Principal Financial Group Inc. now owns 81,244 shares of the transportation company's stock worth $12,203,000 after buying an additional 213 shares during the period. Golden State Wealth Management LLC grew its position in shares of Landstar System by 106.2% in the 1st quarter. Golden State Wealth Management LLC now owns 299 shares of the transportation company's stock worth $45,000 after buying an additional 154 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Landstar System by 1.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 197,786 shares of the transportation company's stock worth $29,707,000 after buying an additional 2,318 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in shares of Landstar System in the 1st quarter worth about $948,000. 97.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

LSTR has been the topic of a number of recent research reports. Susquehanna reaffirmed a "neutral" rating and issued a $125.00 target price (up from $120.00) on shares of Landstar System in a research report on Tuesday, June 24th. Benchmark reaffirmed a "hold" rating on shares of Landstar System in a research report on Monday, April 14th. Wall Street Zen downgraded shares of Landstar System from a "hold" rating to a "sell" rating in a research report on Saturday, July 12th. TD Cowen cut their price objective on shares of Landstar System from $161.00 to $145.00 and set a "hold" rating on the stock in a research report on Thursday, April 3rd. Finally, Robert W. Baird assumed coverage on shares of Landstar System in a research report on Tuesday, July 1st. They set an "outperform" rating and a $166.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Landstar System has an average rating of "Hold" and a consensus target price of $151.31.

Landstar System Stock Performance

Shares of NASDAQ LSTR traded up $1.34 during trading on Thursday, reaching $136.50. 469,651 shares of the company traded hands, compared to its average volume of 307,409. The firm has a 50 day simple moving average of $140.23 and a 200-day simple moving average of $149.30. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $4.77 billion, a PE ratio of 27.03 and a beta of 0.88. Landstar System, Inc. has a 52-week low of $128.99 and a 52-week high of $196.86.

Landstar System (NASDAQ:LSTR - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The transportation company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.07). Landstar System had a return on equity of 18.23% and a net margin of 3.72%. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter last year, the company earned $1.32 EPS. Landstar System's revenue for the quarter was down 1.6% on a year-over-year basis. Equities research analysts anticipate that Landstar System, Inc. will post 6.1 earnings per share for the current year.

Landstar System Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 24th. Shareholders of record on Thursday, June 5th were paid a dividend of $0.40 per share. This is a boost from Landstar System's previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $1.60 dividend on an annualized basis and a yield of 1.17%. Landstar System's dividend payout ratio (DPR) is presently 31.68%.

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.