UBS Group AG Has $14.32 Million Position in Landstar System, Inc. (NASDAQ:LSTR)

UBS Group AG lifted its stake in Landstar System, Inc. (NASDAQ:LSTR – Get Rating) by 17.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 87,878 shares of the transportation company’s stock after purchasing an additional 12,915 shares during the period. UBS Group AG’s holdings in Landstar System were worth $14,315,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Guardian Wealth Advisors LLC acquired a new stake in Landstar System during the 3rd quarter worth $29,000. FourThought Financial LLC grew its holdings in Landstar System by 32.3% during the 3rd quarter. FourThought Financial LLC now owns 393 shares of the transportation company’s stock worth $57,000 after acquiring an additional 96 shares during the period. Benjamin F. Edwards & Company Inc. grew its holdings in Landstar System by 39.1% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 388 shares of the transportation company’s stock worth $63,000 after acquiring an additional 109 shares during the period. Bessemer Group Inc. grew its holdings in Landstar System by 92.3% during the 3rd quarter. Bessemer Group Inc. now owns 596 shares of the transportation company’s stock worth $86,000 after acquiring an additional 286 shares during the period. Finally, Eagle Bay Advisors LLC grew its holdings in Landstar System by 109.0% during the 4th quarter. Eagle Bay Advisors LLC now owns 558 shares of the transportation company’s stock worth $91,000 after acquiring an additional 291 shares during the period. Institutional investors and hedge funds own 98.90% of the company’s stock.

Landstar System Trading Down 0.7 %

LSTR opened at $177.39 on Friday. The stock has a market capitalization of $6.37 billion, a P/E ratio of 16.77, a P/E/G ratio of 1.72 and a beta of 0.90. Landstar System, Inc. has a 12 month low of $137.15 and a 12 month high of $188.46. The firm’s fifty day simple moving average is $176.76 and its 200 day simple moving average is $173.56. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.06.

Landstar System (NASDAQ:LSTR – Get Rating) last posted its quarterly earnings data on Wednesday, April 26th. The transportation company reported $2.17 EPS for the quarter, beating the consensus estimate of $2.07 by $0.10. Landstar System had a net margin of 5.57% and a return on equity of 43.26%. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the previous year, the firm posted $3.34 EPS. The firm’s revenue was down 27.1% compared to the same quarter last year. As a group, research analysts anticipate that Landstar System, Inc. will post 8.65 EPS for the current fiscal year.

Landstar System Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 26th. Shareholders of record on Thursday, May 4th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, May 3rd. This represents a $1.20 annualized dividend and a yield of 0.68%. Landstar System’s dividend payout ratio (DPR) is presently 11.34%.

Analysts Set New Price Targets

A number of research firms have commented on LSTR. Robert W. Baird lifted their target price on shares of Landstar System from $160.00 to $180.00 in a report on Friday, February 3rd. Susquehanna lowered their target price on shares of Landstar System from $170.00 to $155.00 in a report on Friday, April 28th. Morgan Stanley lifted their target price on shares of Landstar System from $140.00 to $146.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 4th. Stephens lifted their price target on shares of Landstar System from $180.00 to $195.00 and gave the stock an “equal weight” rating in a research report on Friday, February 3rd. Finally, Stifel Nicolaus reduced their price target on shares of Landstar System from $184.00 to $178.00 in a research report on Tuesday, May 2nd. Nine equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $166.83.

Landstar System Profile

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Landstar System, Inc engages in the provision of transportation management solutions. It operates through the following segments: Transportation Logistics and Insurance. The Transportation Logistics segment offers transportation services including truckload and less-than-truckload transportation, rail intermodal, air and ocean cargo, project cargo, and customs brokerage.