Bank of Montreal Can Acquires 16,850 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Bank of Montreal Can boosted its stake in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 191.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 25,654 shares of the transportation company's stock after buying an additional 16,850 shares during the period. Bank of Montreal Can owned approximately 0.07% of Landstar System worth $4,796,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of LSTR. OneDigital Investment Advisors LLC grew its holdings in shares of Landstar System by 1.5% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 4,678 shares of the transportation company's stock valued at $883,000 after acquiring an additional 68 shares in the last quarter. GAMMA Investing LLC grew its stake in Landstar System by 14.1% in the third quarter. GAMMA Investing LLC now owns 568 shares of the transportation company's stock valued at $107,000 after purchasing an additional 70 shares in the last quarter. Equitable Trust Co. increased its position in shares of Landstar System by 2.2% during the 3rd quarter. Equitable Trust Co. now owns 3,250 shares of the transportation company's stock worth $614,000 after purchasing an additional 71 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Landstar System by 108.8% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 142 shares of the transportation company's stock valued at $26,000 after buying an additional 74 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Landstar System by 2.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 2,974 shares of the transportation company's stock valued at $549,000 after buying an additional 74 shares during the last quarter. Institutional investors own 97.95% of the company's stock.

Landstar System Stock Performance

NASDAQ:LSTR traded down $2.97 during mid-day trading on Wednesday, reaching $184.23. 254,919 shares of the company's stock were exchanged, compared to its average volume of 253,712. Landstar System, Inc. has a one year low of $165.39 and a one year 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 business's fifty day simple moving average is $184.31 and its two-hundred day simple moving average is $183.64. The firm has a market capitalization of $6.51 billion, a PE ratio of 31.60 and a beta of 0.82.

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

Landstar System Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.78%. The ex-dividend date is Tuesday, November 19th. Landstar System's dividend payout ratio (DPR) is currently 24.70%.

Insider Buying and Selling

In related news, CFO James P. Todd sold 1,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $184.32, for a total transaction of $184,320.00. Following the sale, the chief financial officer now owns 14,083 shares in the company, valued at approximately $2,595,778.56. This trade represents a 6.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.75% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have issued reports on the stock. UBS Group upped their price target on shares of Landstar System from $184.00 to $186.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. 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 research note on Wednesday, October 30th. Stephens lowered their price target on Landstar System from $190.00 to $180.00 and set an "equal weight" rating on the stock in a research report on Wednesday, October 30th. Susquehanna reduced their target price on Landstar System from $165.00 to $160.00 and set a "neutral" rating for the company in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. boosted their target price on 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 and twelve have issued a hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $174.25.

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.