WCM Investment Management LLC Boosts Holdings in Landstar System, Inc. (NASDAQ:LSTR)

WCM Investment Management LLC increased its holdings in Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 2.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 160,327 shares of the transportation company's stock after purchasing an additional 4,558 shares during the quarter. WCM Investment Management LLC owned 0.45% of Landstar System worth $29,970,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV lifted its position in Landstar System by 108.8% during the second quarter. Massmutual Trust Co. FSB ADV now owns 142 shares of the transportation company's stock valued at $26,000 after purchasing an additional 74 shares during the period. Quest Partners LLC purchased a new position in Landstar System during the 2nd quarter valued at about $73,000. Mather Group LLC. grew its position in shares of Landstar System by 183.5% in the 2nd quarter. Mather Group LLC. now owns 394 shares of the transportation company's stock worth $76,000 after buying an additional 255 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in shares of Landstar System by 431.3% in the 3rd 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 during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Landstar System by 58.1% in the 2nd quarter. GAMMA Investing LLC now owns 498 shares of the transportation company's stock worth $92,000 after buying an additional 183 shares during the last quarter. Hedge funds and other institutional investors own 97.95% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on LSTR. Evercore ISI cut their price target on shares of Landstar System from $165.00 to $160.00 and set an "in-line" rating on the stock in a research note on Wednesday, October 30th. Stifel Nicolaus cut their price objective on shares of Landstar System from $164.00 to $160.00 and set a "hold" rating on the stock in a research note on Thursday, August 1st. Stephens dropped 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 report on Wednesday, October 30th. The Goldman Sachs Group dropped their price target on shares of Landstar System from $165.00 to $158.00 and set a "sell" rating on the stock in a research report on Wednesday, October 9th. Finally, UBS Group increased their price objective on shares of Landstar System from $184.00 to $186.00 and gave the company a "neutral" rating in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $174.25.

Landstar System Stock Up 0.9 %

Shares of LSTR stock traded up $1.66 during trading on Monday, reaching $192.81. The company's stock had a trading volume of 212,851 shares, compared to its average volume of 258,260. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.21 and a quick ratio of 2.21. The company has a market capitalization of $6.81 billion, a price-to-earnings ratio of 33.15 and a beta of 0.81. The stock's 50-day moving average price is $183.30 and its 200 day moving average price is $183.06. Landstar System, Inc. has a 1-year low of $165.39 and a 1-year high of $201.40.

Landstar System (NASDAQ:LSTR - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.22 billion. Landstar System had a net margin of 4.32% and a return on equity of 20.68%. The company's revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.71 EPS. On average, research analysts anticipate that Landstar System, Inc. will post 5.61 EPS for the current year.

Landstar System Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 19th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Tuesday, November 19th. Landstar System's dividend payout ratio is presently 24.70%.

Insider Buying and Selling at Landstar System

In other Landstar System 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 value of $184,320.00. Following the sale, the chief financial officer now directly owns 14,083 shares of the company's stock, valued at approximately $2,595,778.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 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.