Landstar System, Inc. (NASDAQ:LSTR) Shares Purchased by Disciplined Growth Investors Inc. MN

Disciplined Growth Investors Inc. MN lifted its stake in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 3.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 326,921 shares of the transportation company's stock after acquiring an additional 9,375 shares during the quarter. Landstar System makes up approximately 1.2% of Disciplined Growth Investors Inc. MN's holdings, making the stock its 27th biggest position. Disciplined Growth Investors Inc. MN owned about 0.93% of Landstar System worth $61,746,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quest Partners LLC bought a new stake in Landstar System during the 2nd quarter valued at approximately $73,000. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Landstar System by 431.3% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 441 shares of the transportation company's stock worth $83,000 after buying an additional 358 shares in the last quarter. Point72 DIFC Ltd bought a new position in shares of Landstar System during the second quarter worth $106,000. GAMMA Investing LLC grew its stake in Landstar System by 14.1% during the third quarter. GAMMA Investing LLC now owns 568 shares of the transportation company's stock valued at $107,000 after acquiring an additional 70 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Landstar System in the 2nd quarter valued at $131,000. 97.95% of the stock is owned by hedge funds and other institutional investors.

Landstar System Trading Up 1.6 %

Shares of NASDAQ LSTR traded up $3.05 during midday trading on Tuesday, hitting $188.54. The company's stock had a trading volume of 73,357 shares, compared to its average volume of 254,304. The business's 50 day moving average is $184.21 and its two-hundred day moving average is $183.76. Landstar System, Inc. has a 12-month low of $165.39 and a 12-month high of $201.40. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.04. The firm has a market cap of $6.66 billion, a P/E ratio of 32.33 and a beta of 0.82.

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

Landstar System Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $1.44 annualized dividend and a dividend yield of 0.76%. Landstar System's dividend payout ratio is currently 24.70%.

Insider Transactions at Landstar System

In other Landstar System news, CFO James P. Todd sold 1,000 shares of the firm's stock in a transaction dated 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 owns 14,083 shares of the company's stock, valued at approximately $2,595,778.56. This trade represents a 6.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.75% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on LSTR shares. Susquehanna cut their price objective on Landstar System from $165.00 to $160.00 and set a "neutral" rating for the company in a research report on Friday, November 1st. The Goldman Sachs Group reduced 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. Evercore ISI cut their target price on shares of Landstar System from $165.00 to $160.00 and set an "in-line" rating for the company in a report on Wednesday, October 30th. Stephens decreased their price target on shares of 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, JPMorgan Chase & Co. lifted their price objective on shares of Landstar System from $184.00 to $188.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. 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, Landstar System has a consensus rating of "Hold" and an average price target of $174.25.

Landstar System Company 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.