Seizert Capital Partners LLC Purchases 5,149 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Seizert Capital Partners LLC boosted its stake in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 3.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 163,418 shares of the transportation company's stock after purchasing an additional 5,149 shares during the period. Seizert Capital Partners LLC owned 0.46% of Landstar System worth $30,865,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV increased its position in Landstar System by 108.8% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 142 shares of the transportation company's stock worth $26,000 after buying an additional 74 shares during the period. Quest Partners LLC acquired a new position in Landstar System during the second quarter valued at approximately $73,000. Mather Group LLC. boosted its holdings 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 valued at $76,000 after purchasing an additional 255 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake 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 valued at $83,000 after purchasing an additional 358 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Landstar System by 58.1% during 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. Institutional investors and hedge funds own 97.95% of the company's stock.

Analysts Set New Price Targets

LSTR has been the subject of several research reports. Evercore ISI dropped their target price on 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. Stephens reduced their price objective on shares of Landstar System from $190.00 to $180.00 and set an "equal weight" rating for the company in a report on Wednesday, October 30th. Susquehanna reduced 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 report on Friday, November 1st. Raymond James cut shares of Landstar System from an "outperform" rating to a "market perform" rating in a research report on Friday. Finally, UBS Group increased their price target on Landstar System from $184.00 to $186.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, Landstar System presently has an average rating of "Hold" and an average price target 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 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 completion of the sale, 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.00% of the company's stock.

Landstar System Trading Down 2.4 %

Shares of NASDAQ LSTR traded down $4.59 during mid-day trading on Friday, hitting $182.82. The stock had a trading volume of 171,432 shares, compared to its average volume of 223,247. The business has a 50 day moving average price of $183.98 and a two-hundred day moving average price of $183.44. Landstar System, Inc. has a 1 year low of $165.39 and a 1 year high of $201.40. The firm has a market cap of $6.46 billion, a P/E ratio of 31.36 and a beta of 0.81. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.21 and a current ratio of 2.21.

Landstar System (NASDAQ:LSTR - Get Free Report) last issued 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). 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 the consensus estimate of $1.22 billion. During the same quarter in the prior year, the business posted $1.71 earnings per share. Landstar System's quarterly revenue was down 5.8% compared to the same quarter last year. On average, equities analysts anticipate that Landstar System, Inc. will post 5.57 EPS for the current fiscal year.

Landstar System Dividend Announcement

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 given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend is Tuesday, November 19th. Landstar System's dividend payout ratio (DPR) 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.