Tyche Wealth Partners LLC Makes New $290,000 Investment in Landstar System, Inc. (NASDAQ:LSTR)

Tyche Wealth Partners LLC acquired a new position in Landstar System, Inc. (NASDAQ:LSTR) during the fourth quarter, HoldingsChannel reports. The fund acquired 1,498 shares of the transportation company’s stock, valued at approximately $290,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. boosted its stake in Landstar System by 1.8% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 3,560 shares of the transportation company’s stock worth $630,000 after purchasing an additional 63 shares in the last quarter. Savant Capital LLC raised its position in shares of Landstar System by 3.6% during the fourth quarter. Savant Capital LLC now owns 1,858 shares of the transportation company’s stock worth $303,000 after acquiring an additional 64 shares during the last quarter. Valley Wealth Managers Inc. raised its position in shares of Landstar System by 5.3% during the third quarter. Valley Wealth Managers Inc. now owns 1,386 shares of the transportation company’s stock worth $245,000 after acquiring an additional 70 shares during the last quarter. Studio Investment Management LLC raised its position in shares of Landstar System by 2.9% during the fourth quarter. Studio Investment Management LLC now owns 2,473 shares of the transportation company’s stock worth $403,000 after acquiring an additional 70 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Landstar System by 3.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,386 shares of the transportation company’s stock worth $389,000 after acquiring an additional 76 shares during the last quarter. Institutional investors and hedge funds own 97.95% of the company’s stock.

Landstar System Stock Performance

Shares of NASDAQ LSTR opened at $168.03 on Thursday. The stock has a 50 day moving average price of $187.71 and a 200 day moving average price of $183.80. Landstar System, Inc. has a 52 week low of $161.13 and a 52 week high of $208.62. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.00 and a current ratio of 2.00. The stock has a market capitalization of $6.01 billion, a PE ratio of 22.86, a price-to-earnings-growth ratio of 4.59 and a beta of 0.83.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings results on Wednesday, January 31st. The transportation company reported $1.62 EPS for the quarter, missing the consensus estimate of $1.63 by ($0.01). Landstar System had a net margin of 4.99% and a return on equity of 26.73%. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.25 billion. Analysts predict that Landstar System, Inc. will post 6.71 earnings per share for the current fiscal year.

Landstar System Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Monday, February 12th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Friday, February 9th. This represents a $1.32 annualized dividend and a yield of 0.79%. Landstar System’s dividend payout ratio (DPR) is presently 17.96%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on LSTR shares. Wells Fargo & Company boosted their target price on Landstar System from $165.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Friday, February 2nd. UBS Group upped their price objective on Landstar System from $175.00 to $200.00 and gave the company a “neutral” rating in a report on Friday, February 2nd. Wolfe Research upgraded Landstar System from a “peer perform” rating to an “outperform” rating and set a $205.00 price objective for the company in a report on Wednesday, January 10th. Susquehanna dropped their price objective on Landstar System from $170.00 to $165.00 and set a “neutral” rating for the company in a report on Monday, March 25th. Finally, Stifel Nicolaus decreased their target price on Landstar System from $171.00 to $166.00 and set a “hold” rating for the company in a research note on Friday, February 2nd. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Landstar System has a consensus rating of “Hold” and a consensus price target of $184.55.

Insider Activity at Landstar System

In related news, VP Michael K. Kneller sold 12,219 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $190.30, for a total transaction of $2,325,275.70. Following the completion of the transaction, the vice president now directly owns 61,127 shares of the company’s stock, valued at $11,632,468.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.

About Landstar System

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.