Landstar System, Inc. (NASDAQ:LSTR) Shares Acquired by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC boosted its position in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 15.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,290 shares of the transportation company's stock after purchasing an additional 3,222 shares during the quarter. Aptus Capital Advisors LLC owned 0.07% of Landstar System worth $4,588,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Victory Capital Management Inc. lifted its holdings in Landstar System by 6.2% during the 2nd quarter. Victory Capital Management Inc. now owns 1,697,093 shares of the transportation company's stock worth $313,080,000 after purchasing an additional 99,461 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Landstar System by 30.9% during the 1st quarter. Janus Henderson Group PLC now owns 180,955 shares of the transportation company's stock valued at $34,880,000 after acquiring an additional 42,740 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Landstar System by 6.6% during the second quarter. Dimensional Fund Advisors LP now owns 594,895 shares of the transportation company's stock worth $109,743,000 after purchasing an additional 37,020 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Landstar System by 0.7% during the first quarter. Vanguard Group Inc. now owns 3,480,039 shares of the transportation company's stock valued at $670,812,000 after acquiring an additional 25,387 shares during the last quarter. Finally, Edgestream Partners L.P. lifted its holdings in Landstar System by 445.7% during the 1st quarter. Edgestream Partners L.P. now owns 30,425 shares of the transportation company's stock worth $5,865,000 after buying an additional 24,850 shares during the period. Institutional investors and hedge funds own 97.95% of the company's stock.

Landstar System Trading Down 0.3 %

Landstar System stock traded down $0.50 during midday trading on Wednesday, reaching $189.80. The stock had a trading volume of 282,759 shares, compared to its average volume of 257,923. The company has a fifty day moving average of $183.78 and a 200 day moving average of $183.31. Landstar System, Inc. has a 52-week low of $165.39 and a 52-week high of $201.40. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.04. The firm has a market cap of $6.71 billion, a price-to-earnings ratio of 32.56 and a beta of 0.81.

Landstar System (NASDAQ:LSTR - Get Free Report) last posted its earnings results on Tuesday, October 29th. The transportation company reported $1.41 earnings per share (EPS) 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 during the quarter, compared to analysts' expectations of $1.22 billion. During the same quarter last year, the firm earned $1.71 EPS. Landstar System's revenue for the quarter was down 5.8% on a year-over-year basis. On average, analysts anticipate that Landstar System, Inc. will post 5.61 earnings per share for the current fiscal year.

Landstar System Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on LSTR. Susquehanna dropped their price target on Landstar System from $165.00 to $160.00 and set a "neutral" rating on the stock in a research note on Friday, November 1st. Benchmark reaffirmed a "hold" rating on shares of Landstar System in a research report on Wednesday, July 31st. UBS Group increased their price target on shares of Landstar System from $184.00 to $186.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. TD Cowen lowered their target price on Landstar System from $176.00 to $174.00 and set a "hold" rating on the stock in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Landstar System from $184.00 to $188.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $174.25.

Insider Transactions at Landstar System

In other Landstar System news, CFO James P. Todd sold 1,000 shares of the business's 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 transaction, the chief financial officer now directly owns 14,083 shares of the company's stock, valued at approximately $2,595,778.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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.