Point72 Asia Singapore Pte. Ltd. Has $695,000 Stock Holdings in Landstar System, Inc. (NASDAQ:LSTR)

Point72 Asia Singapore Pte. Ltd. boosted its position in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 419.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,682 shares of the transportation company's stock after acquiring an additional 2,973 shares during the quarter. Point72 Asia Singapore Pte. Ltd.'s holdings in Landstar System were worth $695,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. OneDigital Investment Advisors LLC raised 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 purchasing an additional 68 shares during the period. GAMMA Investing LLC raised 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 buying an additional 70 shares during the period. Equitable Trust Co. boosted its stake 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 acquiring an additional 71 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Landstar System by 13.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 595 shares of the transportation company's stock worth $115,000 after acquiring an additional 72 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its stake in 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 acquiring an additional 74 shares during the period. Institutional investors and hedge funds own 97.95% of the company's stock.

Wall Street Analyst Weigh In

LSTR has been the subject of a number of research analyst reports. Evercore ISI reduced 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 report on Wednesday, October 30th. Susquehanna decreased their price target on shares of Landstar System from $165.00 to $160.00 and set a "neutral" rating on the stock in a research note on Friday, November 1st. TD Cowen cut their price objective on shares of Landstar System from $176.00 to $174.00 and set a "hold" rating for the company in a research report on Wednesday, October 30th. Raymond James cut Landstar System from an "outperform" rating to a "market perform" rating in a report on Friday, November 15th. Finally, JPMorgan Chase & Co. increased their target price on 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 issued a hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $174.25.

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 stock was sold at an average price of $184.32, for a total transaction of $184,320.00. Following the transaction, the chief financial officer now directly owns 14,083 shares in the company, valued at approximately $2,595,778.56. This represents a 6.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.00% of the company's stock.

Landstar System Price Performance

LSTR stock traded up $0.54 during trading on Monday, reaching $186.46. 65,032 shares of the company were exchanged, compared to its average volume of 252,914. The company has a market capitalization of $6.59 billion, a price-to-earnings ratio of 31.89 and a beta of 0.81. 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 50-day moving average of $184.24 and a two-hundred day moving average of $183.62. Landstar System, Inc. has a twelve month low of $165.39 and a twelve month high of $201.40.

Landstar System (NASDAQ:LSTR - Get Free Report) last issued its earnings results on Tuesday, October 29th. The transportation company reported $1.41 earnings per share (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 firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period in the previous year, the company earned $1.71 EPS. Landstar System's revenue for the quarter was down 5.8% on a year-over-year basis. As a group, equities analysts predict that Landstar System, Inc. will post 5.57 earnings per share for the current fiscal year.

Landstar System Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 19th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend is Tuesday, November 19th. Landstar System's payout ratio is presently 24.70%.

About Landstar System

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.