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AE Wealth Management LLC buys shares of 3,594 Landstar System, Inc. (NASDAQ: LSTR)


AE Wealth Management LLC purchased a new stake in shares of Landstar System, Inc. (NASDAQ:LSTR – Get Rating) in the first quarter, according to the company in its latest SEC filing. The fund bought 3,594 shares of the transportation company, valued at around $542,000.

A number of other hedge funds have also recently increased or reduced their holdings in LSTR. Equitable Trust Co. increased its equity stake in Landstar System by 3.7% in the 4th quarter. Equitable Trust Co. now owns 1,892 shares of the transportation company worth $339,000 after buying 67 more shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its stake in Landstar System shares by 6.2% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,300 shares of the transportation company worth $232,000 after buying 76 additional shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its equity stake in Landstar System by 4.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,743 shares of the transportation company worth $312,000 after buying 80 more shares in the last quarter. Savant Capital LLC increased its equity stake in Landstar System by 4.5% in Q4. Savant Capital LLC now owns 1,940 shares of the transportation company worth $347,000 after buying 83 additional shares in the last quarter. Finally, Column Capital Advisors LLC increased its stake in Landstar System shares by 17.1% in the 4th quarter. Column Capital Advisors LLC now owns 576 shares of the transportation company worth $103,000 after buying 84 additional shares in the last quarter. Institutional investors and hedge funds own 98.56% of the company’s shares.

Shares of LSTR opened at $145.83 on Friday. The company’s fifty-day simple moving average is $148.91 and its two-hundred-day simple moving average is $154.70. The company has a debt ratio of 0.16, a current ratio of 1.62 and a quick ratio of 1.62. Landstar System, Inc. has a 1-year low of $137.15 and a 1-year high of $188.63. The stock has a market capitalization of $5.41 billion, a price/earnings ratio of 12.89, a PEG ratio of 1.03 and a beta of 0.93.

Landstar System (NASDAQ:LSTR – Get Rating) last released its results on Wednesday, April 20. The transportation company reported earnings per share (EPS) of $3.34 for the quarter, beating consensus analyst estimates of $3.10 by $0.24. Landstar System had a net margin of 5.94% and a return on equity of 49.78%. The company posted revenue of $1.97 billion for the quarter, versus $1.90 billion expected by analysts. In the same quarter a year earlier, the company posted EPS of $2.01. The company’s revenue for the quarter increased by 53.1% compared to the same quarter last year. Equity research analysts expect Landstar System, Inc. to post EPS of 11.81 for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, May 27. Shareholders of record on Thursday, May 5 received a dividend of $0.25 per share. The ex-dividend date was Wednesday, May 4. This represents a dividend of $1.00 on an annualized basis and a yield of 0.69%. Landstar System’s payout ratio is 8.84%.

A number of stock analysts have weighed in on the company recently. Wells Fargo & Company raised its target price on Landstar System from $152.00 to $165.00 in a Friday, April 22 research note. StockNews.com upgraded Landstar System from a “hold” rating to a “buy” rating in a Friday, April 22 research note. Wolfe Research upgraded Landstar System shares from an “underperforming” rating to a “peer performing” rating in a Tuesday, April 5, report. They noted that the move was a review call. Finally, Robert W. Baird lowered his price target on Landstar System shares from $170.00 to $160.00 in a Wednesday, April 6 report. One equity research analyst rated the stock with a sell rating, eight gave the company a hold rating and one gave the company a buy rating. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $166.00.

Landstar System Company Profile (Get an evaluation)

Landstar System, Inc provides integrated transportation management solutions in the United States, Canada, Mexico and internationally. The Company operates through two segments: transportation logistics and insurance. The Transportation Logistics segment offers a range of transportation services, including truck and truck transportation, rail intermodal, air freight, ocean freight, expedited ground and air delivery of urgent cargo, transportation heavy/specialty, the United States and Canada. and U.S.-Mexico cross-border, intra-Mexico, intra-Canada, project freight, and customs brokerage, as well as transportation services to other transportation companies, such as third-party logistics service providers, small parcels and LTL services.

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Institutional Ownership by Quarter for the Landstar System (NASDAQ:LSTR)



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