World Investment Advisors LLC Takes Position in Landstar System, Inc. (NASDAQ:LSTR)

World Investment Advisors LLC acquired a new position in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 21,368 shares of the transportation company's stock, valued at approximately $4,036,000. World Investment Advisors LLC owned about 0.06% of Landstar System at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. OneDigital Investment Advisors LLC lifted its position in shares of Landstar System by 1.5% during the third quarter. OneDigital Investment Advisors LLC now owns 4,678 shares of the transportation company's stock worth $883,000 after purchasing an additional 68 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Landstar System by 14.1% during the 3rd quarter. GAMMA Investing LLC now owns 568 shares of the transportation company's stock worth $107,000 after buying an additional 70 shares in the last quarter. Equitable Trust Co. boosted its position in Landstar System by 2.2% in the 3rd quarter. Equitable Trust Co. now owns 3,250 shares of the transportation company's stock valued at $614,000 after buying an additional 71 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Landstar System by 2.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 2,974 shares of the transportation company's stock worth $549,000 after acquiring an additional 74 shares in the last quarter. Finally, Caprock Group LLC increased its position in shares of Landstar System by 2.3% during the third quarter. Caprock Group LLC now owns 3,378 shares of the transportation company's stock worth $638,000 after acquiring an additional 77 shares during the period. 97.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on LSTR. TD Cowen decreased their target price on Landstar System from $176.00 to $174.00 and set a "hold" rating for the company in a report on Wednesday, October 30th. UBS Group lifted their price objective on Landstar System from $184.00 to $186.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. The Goldman Sachs Group cut their target price on shares of Landstar System from $165.00 to $158.00 and set a "sell" rating on the stock in a research note on Wednesday, October 9th. Evercore ISI dropped their price objective on shares of Landstar System from $165.00 to $160.00 and set an "in-line" rating on the stock in a research report on Wednesday, October 30th. Finally, Raymond James lowered shares of Landstar System from an "outperform" rating to a "market perform" rating in a report on Friday, November 15th. One analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $174.25.

Landstar System Stock Performance

LSTR traded down $1.92 on Friday, reaching $185.27. The company had a trading volume of 276,619 shares, compared to its average volume of 255,756. The stock has a 50-day moving average price of $184.44 and a 200-day moving average price of $183.87. The stock has a market capitalization of $6.55 billion, a PE ratio of 31.78 and a beta of 0.82. Landstar System, Inc. has a 1 year low of $165.39 and a 1 year high of $201.40. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.04.

Landstar System (NASDAQ:LSTR - Get Free Report) last posted its earnings results on Tuesday, October 29th. The transportation company reported $1.41 earnings per share for the quarter, missing the consensus estimate of $1.45 by ($0.04). The firm had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.22 billion. Landstar System had a net margin of 4.32% and a return on equity of 20.68%. The firm's revenue for the quarter was down 5.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.71 earnings per share. As a group, research analysts forecast that Landstar System, Inc. will post 5.57 EPS for the current fiscal year.

Landstar System Increases Dividend

The firm also recently announced a special dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th will be issued a $2.00 dividend. This is a boost from Landstar System's previous special dividend of $1.50. The ex-dividend date is Tuesday, January 7th. Landstar System's payout ratio is presently 24.70%.

Insider Activity

In other Landstar System news, CFO James P. Todd sold 1,000 shares of the company's 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 completion of the sale, the chief financial officer now directly owns 14,083 shares of the company's stock, valued at $2,595,778.56. This represents a 6.63 % decrease in their position. 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.

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.