XTX Topco Ltd Takes $1.08 Million Position in Landstar System, Inc. (NASDAQ:LSTR)

XTX Topco Ltd purchased a new position in shares of 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 purchased 5,742 shares of the transportation company's stock, valued at approximately $1,084,000.

Several other large investors have also modified their holdings of LSTR. Quest Partners LLC purchased a new stake in shares of Landstar System during the second quarter worth approximately $73,000. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Landstar System by 431.3% during the third 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. Point72 DIFC Ltd purchased a new stake in shares of Landstar System during the second quarter worth approximately $106,000. GAMMA Investing LLC raised its stake in shares of Landstar System by 14.1% during the third quarter. GAMMA Investing LLC now owns 568 shares of the transportation company's stock worth $107,000 after purchasing an additional 70 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Landstar System during the second quarter worth approximately $131,000. Hedge funds and other institutional investors own 97.95% of the company's stock.

Analyst Upgrades and Downgrades

LSTR has been the subject of several analyst reports. UBS Group upped their price target on Landstar System from $184.00 to $186.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. Susquehanna cut their price objective on Landstar System from $165.00 to $160.00 and set a "neutral" rating for the company in a research report on Friday, November 1st. JPMorgan Chase & Co. increased their price objective on Landstar System from $184.00 to $188.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. Raymond James cut Landstar System from an "outperform" rating to a "market perform" rating in a research report on Friday, November 15th. Finally, TD Cowen cut their price objective on Landstar System from $176.00 to $174.00 and set a "hold" rating for the company in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating and twelve have issued a hold rating to the company's stock. According to MarketBeat.com, Landstar System presently has a consensus rating of "Hold" and an average target price of $174.25.

Landstar System Price Performance

Shares of LSTR traded up $2.60 during trading hours on Tuesday, reaching $188.09. 265,880 shares of the company traded hands, compared to its average volume of 255,133. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $6.65 billion, a PE ratio of 32.26 and a beta of 0.82. Landstar System, Inc. has a fifty-two week low of $165.39 and a fifty-two week high of $201.40. The stock has a fifty day simple moving average of $184.25 and a 200 day simple moving average of $183.82.

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). The company had revenue of $1.21 billion for the quarter, compared to analyst estimates 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 was down 5.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.71 EPS. As a group, research analysts predict that Landstar System, Inc. will post 5.57 EPS for the current fiscal year.

Landstar System Increases Dividend

The business also recently disclosed a special dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th will be paid a dividend of $2.00 per share. This is a positive change from Landstar System's previous special dividend of $1.50. Landstar System's dividend payout ratio (DPR) is presently 24.70%.

Insider Activity at Landstar System

In related news, CFO James P. Todd sold 1,000 shares of the stock in a transaction dated 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.75% 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.