3,361 Shares in Landstar System, Inc. (NASDAQ:LSTR) Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC purchased a new stake in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,361 shares of the transportation company's stock, valued at approximately $505,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Colonial Trust Co SC raised its stake in Landstar System by 61.7% in the fourth quarter. Colonial Trust Co SC now owns 186 shares of the transportation company's stock worth $32,000 after buying an additional 71 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Landstar System by 2.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,099 shares of the transportation company's stock worth $465,000 after acquiring an additional 85 shares in the last quarter. Huntington National Bank raised its position in shares of Landstar System by 12.2% in the 4th quarter. Huntington National Bank now owns 1,037 shares of the transportation company's stock worth $178,000 after acquiring an additional 113 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of Landstar System by 10.1% during the first quarter. Fifth Third Bancorp now owns 1,231 shares of the transportation company's stock valued at $185,000 after purchasing an additional 113 shares in the last quarter. Finally, BOKF NA boosted its position in shares of Landstar System by 56.1% during the fourth quarter. BOKF NA now owns 348 shares of the transportation company's stock valued at $58,000 after purchasing an additional 125 shares in the last quarter. 97.95% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on LSTR. Susquehanna restated a "neutral" rating and set a $125.00 price target (up from $120.00) on shares of Landstar System in a research report on Tuesday, June 24th. Barclays started coverage on shares of Landstar System in a report on Monday, June 9th. They set an "equal weight" rating and a $145.00 target price on the stock. JPMorgan Chase & Co. dropped their target price on shares of Landstar System from $177.00 to $147.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Stifel Nicolaus dropped their target price on shares of Landstar System from $147.00 to $140.00 and set a "hold" rating on the stock in a report on Wednesday, May 14th. Finally, Wall Street Zen upgraded Landstar System from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Landstar System presently has an average rating of "Hold" and an average price target of $151.50.

Landstar System Stock Performance

NASDAQ:LSTR traded down $0.50 during mid-day trading on Friday, reaching $146.06. The company's stock had a trading volume of 178,677 shares, compared to its average volume of 303,135. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.07. The firm's fifty day moving average price is $139.09 and its two-hundred day moving average price is $151.08. Landstar System, Inc. has a 12-month low of $128.99 and a 12-month high of $196.86. The stock has a market cap of $5.10 billion, a P/E ratio of 28.92 and a beta of 0.88.

Landstar System (NASDAQ:LSTR - Get Free Report) last posted its earnings results on Tuesday, May 13th. The transportation company reported $0.85 EPS for the quarter, missing analysts' consensus estimates of $0.92 by ($0.07). The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.13 billion. Landstar System had a return on equity of 18.23% and a net margin of 3.72%. The company's revenue for the quarter was down 1.6% on a year-over-year basis. During the same period last year, the firm posted $1.32 EPS. On average, equities analysts forecast that Landstar System, Inc. will post 6.1 EPS for the current fiscal 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 given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.10%. This is a boost from Landstar System's previous quarterly dividend of $0.36. The ex-dividend date was Thursday, June 5th. 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.