Callan Family Office LLC Acquires 4,451 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Callan Family Office LLC raised its stake in shares of Landstar System, Inc. (NASDAQ:LSTR) by 394.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,580 shares of the transportation company’s stock after purchasing an additional 4,451 shares during the period. Callan Family Office LLC’s holdings in Landstar System were worth $959,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LSTR. Raymond James Financial Inc. bought a new position in Landstar System during the fourth quarter worth $63,816,000. Thrivent Financial for Lutherans raised its position in shares of Landstar System by 3,775.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 334,853 shares of the transportation company’s stock worth $63,243,000 after acquiring an additional 326,212 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Landstar System in the 4th quarter valued at about $8,463,000. Boston Trust Walden Corp boosted its position in shares of Landstar System by 21.1% during the 4th quarter. Boston Trust Walden Corp now owns 277,520 shares of the transportation company’s stock valued at $47,695,000 after purchasing an additional 48,312 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in shares of Landstar System by 509.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 55,048 shares of the transportation company’s stock valued at $10,397,000 after purchasing an additional 46,014 shares in the last quarter. 97.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Benchmark reissued a “hold” rating on shares of Landstar System in a research note on Friday, January 31st. JPMorgan Chase & Co. dropped their target price on shares of Landstar System from $184.00 to $177.00 and set a “neutral” rating on the stock in a research report on Thursday, January 30th. Raymond James lowered shares of Landstar System from an “outperform” rating to a “market perform” rating in a research note on Friday, November 15th. Finally, Stifel Nicolaus lifted their price target on shares of Landstar System from $164.00 to $169.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating and eleven have issued a hold rating to the company. According to MarketBeat, Landstar System currently has a consensus rating of “Hold” and a consensus target price of $170.40.

Landstar System Stock Up 1.3 %

Landstar System stock opened at $161.92 on Friday. The firm has a market capitalization of $5.72 billion, a price-to-earnings ratio of 29.33 and a beta of 0.82. The firm’s fifty day moving average price is $165.76 and its two-hundred day moving average price is $177.10. Landstar System, Inc. has a 1-year low of $152.64 and a 1-year high of $196.86. The company has a current ratio of 1.96, a quick ratio of 2.21 and a debt-to-equity ratio of 0.07.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.04). Landstar System had a net margin of 4.07% and a return on equity of 19.56%. On average, equities research analysts predict that Landstar System, Inc. will post 6.1 earnings per share for the current fiscal year.

Landstar System Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.44 annualized dividend and a dividend yield of 0.89%. Landstar System’s dividend payout ratio is currently 26.09%.

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.