10,100 Shares in Landstar System, Inc. (NASDAQ:LSTR) Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new position in shares of Landstar System, Inc. (NASDAQ:LSTR) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 10,100 shares of the transportation company’s stock, valued at approximately $1,956,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of LSTR. Larson Financial Group LLC acquired a new stake in shares of Landstar System in the third quarter valued at approximately $49,000. First Capital Advisors Group LLC. acquired a new stake in shares of Landstar System in the second quarter valued at approximately $59,000. Belpointe Asset Management LLC increased its stake in shares of Landstar System by 150.7% in the first quarter. Belpointe Asset Management LLC now owns 356 shares of the transportation company’s stock valued at $64,000 after purchasing an additional 214 shares during the period. Cary Street Partners Investment Advisory LLC increased its stake in shares of Landstar System by 126.0% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 565 shares of the transportation company’s stock valued at $100,000 after purchasing an additional 315 shares during the period. Finally, Impact Partnership Wealth LLC acquired a new stake in shares of Landstar System in the third quarter valued at approximately $108,000. Institutional investors and hedge funds own 97.95% of the company’s stock.

Insider Buying and Selling

In related news, VP Michael K. Kneller sold 12,219 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $190.30, for a total value of $2,325,275.70. Following the completion of the transaction, the vice president now owns 61,127 shares of the company’s stock, valued at approximately $11,632,468.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.00% of the company’s stock.

Landstar System Trading Down 0.6 %

Shares of NASDAQ:LSTR opened at $167.10 on Friday. The stock has a market capitalization of $5.98 billion, a price-to-earnings ratio of 22.98, a PEG ratio of 4.59 and a beta of 0.83. Landstar System, Inc. has a 1-year low of $161.13 and a 1-year high of $208.62. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.00 and a current ratio of 2.00. The company has a 50 day moving average price of $187.26 and a 200 day moving average price of $183.69.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings data on Wednesday, January 31st. The transportation company reported $1.62 EPS for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.01). Landstar System had a return on equity of 26.73% and a net margin of 4.99%. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.25 billion. On average, research analysts anticipate that Landstar System, Inc. will post 6.71 EPS for the current fiscal year.

Landstar System Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Monday, February 12th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date was Friday, February 9th. Landstar System’s dividend payout ratio is 17.96%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on LSTR shares. Stifel Nicolaus decreased their price objective on shares of Landstar System from $171.00 to $166.00 and set a “hold” rating for the company in a report on Friday, February 2nd. Wolfe Research upgraded shares of Landstar System from a “peer perform” rating to an “outperform” rating and set a $205.00 price objective for the company in a report on Wednesday, January 10th. Wells Fargo & Company increased their price objective on shares of Landstar System from $165.00 to $180.00 and gave the company an “equal weight” rating in a report on Friday, February 2nd. Susquehanna decreased their price objective on shares of Landstar System from $170.00 to $165.00 and set a “neutral” rating for the company in a report on Monday, March 25th. Finally, UBS Group increased their price objective on shares of Landstar System from $175.00 to $200.00 and gave the company a “neutral” rating in a report on Friday, February 2nd. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $184.55.

Landstar System 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.