Wealth Enhancement Advisory Services LLC Acquires 5,152 Shares of Landstar System, Inc. $LSTR

Wealth Enhancement Advisory Services LLC boosted its stake in shares of Landstar System, Inc. (NASDAQ:LSTR) by 108.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,882 shares of the transportation company’s stock after buying an additional 5,152 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Landstar System were worth $1,471,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of LSTR. Quarry LP purchased a new position in shares of Landstar System in the 3rd quarter valued at $25,000. UMB Bank n.a. raised its position in shares of Landstar System by 335.8% in the 3rd quarter. UMB Bank n.a. now owns 292 shares of the transportation company’s stock worth $36,000 after acquiring an additional 225 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Landstar System by 132.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the transportation company’s stock worth $37,000 after purchasing an additional 142 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in shares of Landstar System by 1,490.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 318 shares of the transportation company’s stock worth $39,000 after purchasing an additional 298 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in Landstar System by 126.6% during the second quarter. EverSource Wealth Advisors LLC now owns 315 shares of the transportation company’s stock valued at $44,000 after purchasing an additional 176 shares in the last quarter. Institutional investors own 97.95% of the company’s stock.

Landstar System Price Performance

Shares of LSTR stock opened at $163.27 on Friday. Landstar System, Inc. has a 1-year low of $119.32 and a 1-year high of $166.11. The stock’s fifty day moving average price is $153.90 and its 200 day moving average price is $141.61. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 1.75. The company has a market cap of $5.55 billion, a price-to-earnings ratio of 49.33 and a beta of 0.80.

Landstar System Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 18th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Wednesday, February 18th. Landstar System’s dividend payout ratio (DPR) is currently 48.34%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on LSTR shares. Stifel Nicolaus lifted their target price on Landstar System from $145.00 to $147.00 and gave the company a “hold” rating in a research note on Thursday. Barclays increased their price target on shares of Landstar System from $130.00 to $155.00 and gave the company an “equal weight” rating in a research report on Thursday, January 15th. Truist Financial lowered their price target on shares of Landstar System from $150.00 to $145.00 and set a “hold” rating on the stock in a report on Thursday, January 29th. TD Cowen reiterated a “hold” rating on shares of Landstar System in a research note on Friday, January 9th. Finally, Wall Street Zen raised shares of Landstar System from a “sell” rating to a “hold” rating in a research report on Saturday, December 27th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and thirteen have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $153.00.

Landstar System Profile

Landstar System, Inc provides integrated transportation management solutions through a network of independent agents and third-party capacity providers. The company specializes in truckload brokerage, intermodal, air and ocean freight, expedited and heavy-haul services, along with value-added offerings such as cargo insurance, customs brokerage and supply chain management. Landstar’s proprietary technology platform enables real-time load matching, shipment tracking and data analytics to optimize fleet utilization and improve customer service.

Founded in 1968 and headquartered in Jacksonville, Florida, Landstar pioneered an asset-light brokerage model that has evolved into a global logistics operation.