Quantinno Capital Management LP Acquires 8,672 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Quantinno Capital Management LP raised its holdings in Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 18.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 54,892 shares of the transportation company's stock after buying an additional 8,672 shares during the quarter. Quantinno Capital Management LP owned 0.16% of Landstar System worth $10,368,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Quest Partners LLC acquired a new stake in shares of Landstar System in the second quarter worth $73,000. Mather Group LLC. grew its position in 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 purchasing an additional 255 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of 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 period. GAMMA Investing LLC raised its position in shares of Landstar System by 58.1% during the second quarter. GAMMA Investing LLC now owns 498 shares of the transportation company's stock valued at $92,000 after buying an additional 183 shares during the last quarter. Finally, Point72 DIFC Ltd acquired a new position in shares of Landstar System during the second quarter valued at about $106,000. 97.95% of the stock is owned by institutional investors.

Landstar System Price Performance

Shares of NASDAQ:LSTR traded down $3.22 during trading on Friday, reaching $181.29. The stock had a trading volume of 357,580 shares, compared to its average volume of 255,346. The stock has a market capitalization of $6.40 billion, a PE ratio of 31.10 and a beta of 0.82. 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 business's 50-day moving average price is $184.28 and its 200 day moving average price is $183.67.

Landstar System (NASDAQ:LSTR - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period in the prior year, the firm posted $1.71 EPS. Landstar System's revenue for the quarter was down 5.8% compared to the same quarter last year. As a group, equities analysts predict that Landstar System, Inc. will post 5.57 earnings per share for the current year.

Landstar System Dividend Announcement

The business 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 annualized dividend and a yield of 0.79%. The ex-dividend date is Tuesday, November 19th. Landstar System's payout ratio is presently 24.70%.

Insider Buying and Selling at Landstar System

In related news, CFO James P. Todd sold 1,000 shares of the firm's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $184.32, for a total value of $184,320.00. Following the transaction, the chief financial officer now owns 14,083 shares in the company, valued at $2,595,778.56. This trade represents a 6.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.00% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on LSTR shares. JPMorgan Chase & Co. boosted their price target on Landstar System from $184.00 to $188.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. Stephens cut their target price on Landstar System from $190.00 to $180.00 and set an "equal weight" rating for the company in a research note on Wednesday, October 30th. UBS Group lifted their price target on shares of Landstar System from $184.00 to $186.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. Susquehanna dropped their price objective on shares of 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, The Goldman Sachs Group reduced their price objective on shares of Landstar System from $165.00 to $158.00 and set a "sell" rating for the company in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $174.25.

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.