Portfolio Design Labs LLC Takes Position in Landstar System, Inc. (NASDAQ:LSTR)

Portfolio Design Labs LLC acquired a new stake in Landstar System, Inc. (NASDAQ:LSTR - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,313 shares of the transportation company's stock, valued at approximately $1,381,000.

Other large investors have also recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Landstar System by 108.8% in the second 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. Quest Partners LLC purchased a new stake in Landstar System in the 2nd quarter valued at $73,000. Mather Group LLC. boosted its stake in Landstar System by 183.5% during the 2nd quarter. Mather Group LLC. now owns 394 shares of the transportation company's stock worth $76,000 after purchasing an additional 255 shares during the period. Whittier Trust Co. of Nevada Inc. grew its position in Landstar System by 431.3% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 441 shares of the transportation company's stock worth $83,000 after purchasing an additional 358 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Landstar System by 58.1% in the second quarter. GAMMA Investing LLC now owns 498 shares of the transportation company's stock valued at $92,000 after purchasing an additional 183 shares during the period. 97.95% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Landstar System

In other Landstar System news, CFO James P. Todd sold 1,000 shares of the company's stock in a transaction dated Wednesday, November 6th. The shares were 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 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 document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.75% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Stifel Nicolaus dropped their price target on Landstar System from $164.00 to $160.00 and set a "hold" rating on the stock in a research report on Thursday, August 1st. Raymond James lowered Landstar System from an "outperform" rating to a "market perform" rating in a report on Friday, November 15th. Evercore ISI decreased their price target on Landstar System from $165.00 to $160.00 and set an "in-line" rating for the company in a report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price objective on shares of Landstar System from $184.00 to $188.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. Finally, Susquehanna lowered 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. 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 data from MarketBeat, Landstar System currently has an average rating of "Hold" and an average price target of $174.25.

Landstar System Trading Down 0.6 %

NASDAQ LSTR traded down $1.03 during mid-day trading on Wednesday, hitting $179.38. The company's stock had a trading volume of 148,177 shares, compared to its average volume of 255,285. The stock's fifty day simple moving average is $183.98 and its two-hundred day simple moving average is $183.56. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.21 and a quick ratio of 2.21. Landstar System, Inc. has a 52-week low of $165.39 and a 52-week high of $201.40. The firm has a market capitalization of $6.34 billion, a P/E ratio of 30.95 and a beta of 0.81.

Landstar System (NASDAQ:LSTR - Get Free Report) last released its quarterly 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 return on equity of 20.68% and a net margin of 4.32%. The firm had revenue of $1.21 billion for the quarter, compared to analysts' expectations of $1.22 billion. During the same period last year, the firm earned $1.71 EPS. The business's quarterly revenue was down 5.8% on a year-over-year basis. Research analysts expect that Landstar System, Inc. will post 5.57 EPS for the current year.

Landstar System Announces Dividend

The company also recently disclosed 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 0.80%. The ex-dividend date is Tuesday, November 19th. Landstar System's dividend payout ratio is currently 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.