2,401 Shares in Landstar System, Inc. (NASDAQ:LSTR) Bought by GSA Capital Partners LLP

GSA Capital Partners LLP acquired a new position in shares of Landstar System, Inc. (NASDAQ:LSTR) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,401 shares of the transportation company’s stock, valued at approximately $453,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Entropy Technologies LP grew its position in Landstar System by 70.5% during the 3rd quarter. Entropy Technologies LP now owns 5,082 shares of the transportation company’s stock worth $960,000 after acquiring an additional 2,101 shares during the last quarter. WCM Investment Management LLC grew its position in shares of Landstar System by 2.9% in the 3rd quarter. WCM Investment Management LLC now owns 160,327 shares of the transportation company’s stock valued at $29,970,000 after buying an additional 4,558 shares during the last quarter. Versor Investments LP bought a new stake in shares of Landstar System in the 3rd quarter valued at about $548,000. Equitable Trust Co. grew its position in shares of Landstar System by 2.2% in the 3rd quarter. Equitable Trust Co. now owns 3,250 shares of the transportation company’s stock valued at $614,000 after buying an additional 71 shares during the last quarter. Finally, Olympiad Research LP bought a new stake in shares of Landstar System in the 3rd quarter valued at about $205,000. Institutional investors own 97.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on LSTR shares. JPMorgan Chase & Co. upped their price target on Landstar System from $184.00 to $188.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Raymond James lowered Landstar System from an “outperform” rating to a “market perform” rating in a research report on Friday, November 15th. UBS Group boosted their price objective on Landstar System from $184.00 to $186.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Stifel Nicolaus dropped their price objective on Landstar System from $164.00 to $160.00 and set a “hold” rating on the stock in a research note on Thursday, August 1st. Finally, The Goldman Sachs Group dropped their price objective on Landstar System from $165.00 to $158.00 and set a “sell” rating on the stock in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating and twelve have given a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $174.25.

Landstar System Stock Down 0.6 %

LSTR stock opened at $179.38 on Thursday. The stock’s 50 day simple moving average is $183.98 and its 200 day simple moving average is $183.56. Landstar System, Inc. has a fifty-two week low of $165.39 and a fifty-two week high of $201.40. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.21 and a current ratio of 2.21. The company has a market cap of $6.34 billion, a P/E ratio of 30.77 and a beta of 0.81.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings results on Tuesday, October 29th. The transportation company reported $1.41 earnings per share for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.04). The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.22 billion. Landstar System had a return on equity of 20.68% and a net margin of 4.32%. The firm’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same period last year, the company posted $1.71 earnings per share. On average, research analysts expect that Landstar System, Inc. will post 5.57 earnings per share for the current fiscal year.

Landstar System Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 0.80%. The ex-dividend date is Tuesday, November 19th. Landstar System’s dividend payout ratio (DPR) is presently 24.70%.

Insider Transactions at Landstar System

In other news, CFO James P. Todd sold 1,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $184.32, for a total value of $184,320.00. Following the completion of the sale, the chief financial officer now directly owns 14,083 shares of the company’s stock, valued at $2,595,778.56. This represents a 6.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.00% of the company’s stock.

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.