Landstar System, Inc. (NASDAQ:LSTR) Shares Sold by Fenimore Asset Management Inc

Fenimore Asset Management Inc lessened its stake in shares of Landstar System, Inc. (NASDAQ:LSTR) by 3.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 98,111 shares of the transportation company’s stock after selling 3,955 shares during the period. Fenimore Asset Management Inc owned 0.28% of Landstar System worth $16,861,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Trust Co. of Vermont purchased a new position in Landstar System during the fourth quarter worth about $34,000. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Landstar System by 431.3% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 441 shares of the transportation company’s stock worth $83,000 after buying an additional 358 shares during the last quarter. Point72 DIFC Ltd purchased a new stake in shares of Landstar System during the 2nd quarter valued at approximately $106,000. GAMMA Investing LLC lifted its holdings in Landstar System by 14.1% in the third quarter. GAMMA Investing LLC now owns 568 shares of the transportation company’s stock valued at $107,000 after acquiring an additional 70 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Landstar System in the second quarter worth approximately $131,000. Institutional investors and hedge funds own 97.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on LSTR shares. Stifel Nicolaus lifted their target price on Landstar System from $164.00 to $169.00 and gave the company a “hold” rating in a research report on Thursday. Stephens reduced their price objective on shares of Landstar System from $190.00 to $180.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 30th. Susquehanna lowered their target price on shares of Landstar System from $165.00 to $160.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. UBS Group boosted their price target 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. Finally, Raymond James cut shares of Landstar System from an “outperform” rating to a “market perform” rating in a research report on Friday, November 15th. One investment analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $172.27.

Landstar System Price Performance

LSTR stock opened at $173.04 on Friday. Landstar System, Inc. has a 1 year low of $164.04 and a 1 year high of $200.16. The firm has a market capitalization of $6.11 billion, a P/E ratio of 29.68 and a beta of 0.83. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.21 and a quick ratio of 2.21. The business’s 50-day moving average is $178.02 and its two-hundred day moving average is $182.26.

Landstar System (NASDAQ:LSTR) last issued 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). 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 during the quarter, compared to analyst estimates of $1.22 billion. During the same period last year, the business earned $1.71 EPS. The firm’s revenue was down 5.8% compared to the same quarter last year. Analysts anticipate that Landstar System, Inc. will post 5.57 earnings per share for the current fiscal year.

Landstar System Increases Dividend

The company also recently announced a special dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th were paid a dividend of $2.00 per share. The ex-dividend date was Tuesday, January 7th. This is an increase from Landstar System’s previous special dividend of $1.50. Landstar System’s payout ratio is presently 24.70%.

Insider Activity at Landstar System

In related 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 value of $184,320.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

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.