Mountain Pacific Investment Advisers LLC Decreases Holdings in Landstar System, Inc. (NASDAQ:LSTR)

Mountain Pacific Investment Advisers LLC lowered its position in Landstar System, Inc. (NASDAQ:LSTR) by 1.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 189,103 shares of the transportation company’s stock after selling 2,763 shares during the period. Landstar System comprises about 2.3% of Mountain Pacific Investment Advisers LLC’s investment portfolio, making the stock its 15th biggest holding. Mountain Pacific Investment Advisers LLC owned 0.54% of Landstar System worth $32,499,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Verition Fund Management LLC boosted its stake in shares of Landstar System by 28.1% during the 3rd quarter. Verition Fund Management LLC now owns 59,005 shares of the transportation company’s stock worth $11,144,000 after acquiring an additional 12,931 shares during the last quarter. ING Groep NV purchased a new position in Landstar System during the third quarter valued at $1,228,000. Point72 Asia Singapore Pte. Ltd. grew its holdings in Landstar System by 419.3% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,682 shares of the transportation company’s stock valued at $695,000 after purchasing an additional 2,973 shares during the period. Thrivent Financial for Lutherans increased its position in Landstar System by 3,775.2% in the third quarter. Thrivent Financial for Lutherans now owns 334,853 shares of the transportation company’s stock worth $63,243,000 after buying an additional 326,212 shares in the last quarter. Finally, FMR LLC raised its stake in shares of Landstar System by 8.6% in the third quarter. FMR LLC now owns 162,222 shares of the transportation company’s stock worth $30,639,000 after buying an additional 12,894 shares during the period. Hedge funds and other institutional investors own 97.95% of the company’s stock.

Landstar System Price Performance

Shares of Landstar System stock opened at $174.23 on Tuesday. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.04. Landstar System, Inc. has a 12 month low of $164.04 and a 12 month high of $200.43. The stock has a 50 day moving average of $178.94 and a 200 day moving average of $182.39. The firm has a market cap of $6.16 billion, a PE ratio of 29.89 and a beta of 0.83.

Landstar System (NASDAQ:LSTR) last posted its earnings results 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 net margin of 4.32% and a return on equity of 20.68%. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the company posted $1.71 earnings per share. The firm’s revenue was down 5.8% compared to the same quarter last year. On average, research analysts expect 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 given a dividend of $2.00 per share. This is a boost from Landstar System’s previous special dividend of $1.50. The ex-dividend date of this dividend is Tuesday, January 7th. Landstar System’s dividend payout ratio is currently 24.70%.

Insider Activity at Landstar System

In other news, CFO James P. Todd sold 1,000 shares of the business’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 transaction, the chief financial officer now owns 14,083 shares of the company’s stock, valued at approximately $2,595,778.56. The trade was a 6.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.75% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on LSTR shares. Susquehanna reduced their target price on shares of Landstar System from $165.00 to $160.00 and set a “neutral” rating for the company in a report on Friday, November 1st. JPMorgan Chase & Co. raised their price objective on shares of Landstar System from $184.00 to $188.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. UBS Group lifted their target price on shares of Landstar System from $184.00 to $186.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Raymond James cut Landstar System from an “outperform” rating to a “market perform” rating in a report on Friday, November 15th. Finally, The Goldman Sachs Group dropped their price objective on Landstar System from $165.00 to $158.00 and set a “sell” rating for the company in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating and twelve have issued a hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $171.45.

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.