Ontario Teachers Pension Plan Board Has $1.65 Million Stock Holdings in Landstar System, Inc. (NASDAQ:LSTR)

Ontario Teachers Pension Plan Board lessened its position in Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 26.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,737 shares of the transportation company's stock after selling 3,154 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in Landstar System were worth $1,650,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position 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 buying an additional 25,387 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Landstar System by 6.2% during the second quarter. Victory Capital Management Inc. now owns 1,697,093 shares of the transportation company's stock valued at $313,080,000 after acquiring an additional 99,461 shares in the last quarter. Boston Partners increased its holdings in Landstar System by 1.0% during the first quarter. Boston Partners now owns 1,586,286 shares of the transportation company's stock valued at $305,671,000 after buying an additional 15,424 shares during the period. Dimensional Fund Advisors LP lifted its position in Landstar System by 6.6% during the second quarter. Dimensional Fund Advisors LP now owns 594,895 shares of the transportation company's stock valued at $109,743,000 after acquiring an additional 37,020 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its stake in Landstar System by 2.5% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 429,315 shares of the transportation company's stock worth $82,755,000 after purchasing an additional 10,538 shares in the last quarter. Hedge funds and other institutional investors own 97.95% of the company's stock.

Insiders Place Their Bets

In other Landstar System news, CFO James P. Todd sold 1,000 shares of the company's stock in a transaction 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 sale, the chief financial officer now directly owns 14,083 shares in the company, valued at $2,595,778.56. This represents a 6.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Raymond James downgraded Landstar System from an "outperform" rating to a "market perform" rating in a report on Friday, November 15th. Stifel Nicolaus reduced their target price on Landstar System from $164.00 to $160.00 and set a "hold" rating for the company in a report on Thursday, August 1st. Susquehanna cut their price target on shares of Landstar System from $165.00 to $160.00 and set a "neutral" rating for the company in a report on Friday, November 1st. Evercore ISI dropped their price objective 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. Finally, The Goldman Sachs Group dropped their price target on shares of Landstar System from $165.00 to $158.00 and set a "sell" rating for the company in a research report on Wednesday, October 9th. One 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, Landstar System presently has a consensus rating of "Hold" and a consensus target price of $174.25.

Landstar System Stock Performance

LSTR stock traded up $0.07 during trading on Thursday, hitting $179.45. 157,322 shares of the company's stock traded hands, compared to its average volume of 254,851. 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 stock has a fifty day moving average price of $183.98 and a two-hundred day moving average price of $183.53. The stock has a market capitalization of $6.34 billion, a price-to-earnings ratio of 30.77 and a beta of 0.81. Landstar System, Inc. has a 52 week low of $165.39 and a 52 week high of $201.40.

Landstar System (NASDAQ:LSTR - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The transportation company reported $1.41 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 company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the firm posted $1.71 earnings per share. The firm's quarterly revenue was down 5.8% compared to the same quarter last year. As a group, equities analysts anticipate that Landstar System, Inc. will post 5.57 EPS 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. Shareholders 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 0.80%. Landstar System's payout ratio is 24.70%.

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.