Healthcare of Ontario Pension Plan Trust Fund Takes Position in Landstar System, Inc. (NASDAQ:LSTR)

Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Landstar System, Inc. (NASDAQ:LSTR - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,300 shares of the transportation company's stock, valued at approximately $1,190,000.

Other hedge funds have also bought and sold shares of the company. B. Riley Wealth Advisors Inc. increased its stake in Landstar System by 72.1% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 2,554 shares of the transportation company's stock worth $452,000 after buying an additional 1,070 shares in the last quarter. Cetera Advisors LLC grew its holdings in Landstar System by 9.4% in the 1st quarter. Cetera Advisors LLC now owns 1,811 shares of the transportation company's stock valued at $349,000 after buying an additional 156 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Landstar System by 13.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 595 shares of the transportation company's stock worth $115,000 after acquiring an additional 72 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Landstar System by 58.1% during the 2nd quarter. GAMMA Investing LLC now owns 498 shares of the transportation company's stock worth $92,000 after acquiring an additional 183 shares during the period. Finally, Massmutual Trust Co. FSB ADV boosted its position in shares of Landstar System by 108.8% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 142 shares of the transportation company's stock valued at $26,000 after acquiring an additional 74 shares during the last quarter. Hedge funds and other institutional investors own 97.95% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. UBS Group lifted their target price on shares of Landstar System from $184.00 to $186.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. upped their price objective on Landstar System from $184.00 to $188.00 and gave the company a "neutral" rating in a report on Wednesday, October 30th. Raymond James cut Landstar System from an "outperform" rating to a "market perform" rating in a research note on Friday, November 15th. Stephens decreased their price target on Landstar System from $190.00 to $180.00 and set an "equal weight" rating on the stock in a research note on Wednesday, October 30th. Finally, Evercore ISI reduced their price objective on shares of Landstar System from $165.00 to $160.00 and set an "in-line" rating on the stock in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the company. According to MarketBeat.com, Landstar System presently has an average rating of "Hold" and a consensus price target of $174.25.

Insider Activity at Landstar System

In other news, CFO James P. Todd sold 1,000 shares of the company's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $184.32, for a total value of $184,320.00. Following the completion of the transaction, the chief financial officer now owns 14,083 shares in the company, valued at approximately $2,595,778.56. This represents a 6.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.00% of the stock is currently owned by corporate insiders.

Landstar System Stock Up 0.7 %

LSTR stock traded up $1.28 during mid-day trading on Monday, reaching $187.20. The company had a trading volume of 238,117 shares, compared to its average volume of 253,707. The firm has a fifty day simple moving average of $184.24 and a 200 day simple moving average of $183.62. 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 capitalization of $6.61 billion, a price-to-earnings ratio of 31.89 and a beta of 0.81. Landstar System, Inc. has a fifty-two week low of $165.39 and a fifty-two week high of $201.40.

Landstar System (NASDAQ:LSTR - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The transportation company reported $1.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.45 by ($0.04). Landstar System had a return on equity of 20.68% and a net margin of 4.32%. The firm had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.22 billion. During the same quarter in the prior year, the firm earned $1.71 EPS. The firm's revenue was down 5.8% compared to the same quarter last year. Analysts forecast that Landstar System, Inc. will post 5.57 earnings per share for the current fiscal year.

Landstar System Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $1.44 annualized dividend and a dividend yield of 0.77%. Landstar System's dividend payout ratio is currently 24.70%.

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.