Integrated Investment Consultants LLC Takes Position in Landstar System, Inc. (NASDAQ:LSTR)

Integrated Investment Consultants LLC purchased a new position in Landstar System, Inc. (NASDAQ:LSTR) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,682 shares of the transportation company’s stock, valued at approximately $318,000.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Landstar System by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 3,480,039 shares of the transportation company’s stock worth $670,812,000 after buying an additional 25,387 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its position in shares of Landstar System by 2.2% in the first quarter. CANADA LIFE ASSURANCE Co now owns 32,770 shares of the transportation company’s stock valued at $6,311,000 after purchasing an additional 714 shares during the last quarter. Quadrature Capital Ltd acquired a new position in shares of Landstar System during the 1st quarter worth approximately $477,000. Public Employees Retirement System of Ohio lifted its stake in Landstar System by 3.7% in the 1st quarter. Public Employees Retirement System of Ohio now owns 42,971 shares of the transportation company’s stock valued at $8,283,000 after buying an additional 1,540 shares in the last quarter. Finally, Caxton Associates LP purchased a new stake in Landstar System in the 1st quarter valued at approximately $202,000. 97.95% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Landstar System

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 sale, the chief financial officer now owns 14,083 shares in the company, valued at $2,595,778.56. This represents a 6.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 1.00% of the stock is currently owned by insiders.

Landstar System Stock Performance

Landstar System stock opened at $180.83 on Friday. Landstar System, Inc. has a 12-month low of $165.39 and a 12-month high of $201.40. 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 company has a market capitalization of $6.39 billion, a price-to-earnings ratio of 31.02 and a beta of 0.81. The firm’s fifty day moving average price is $183.93 and its 200 day moving average price is $183.51.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings results on Tuesday, October 29th. The transportation company reported $1.41 EPS for the quarter, missing the consensus estimate of $1.45 by ($0.04). Landstar System had a return on equity of 20.68% and a net margin of 4.32%. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the firm posted $1.71 EPS. The company’s revenue was down 5.8% compared to the same quarter last year. On average, research analysts forecast that Landstar System, Inc. will post 5.57 EPS for the current fiscal year.

Landstar System Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 19th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $1.44 annualized dividend and a yield of 0.80%. Landstar System’s dividend payout ratio is presently 24.70%.

Wall Street Analyst Weigh In

A number of analysts recently commented on LSTR shares. Evercore ISI dropped their price objective on Landstar System from $165.00 to $160.00 and set an “in-line” rating for the company in a research report on Wednesday, October 30th. The Goldman Sachs Group decreased their price target 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. Stephens cut their price objective on shares of Landstar System from $190.00 to $180.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 30th. JPMorgan Chase & Co. raised their target price on shares of Landstar System from $184.00 to $188.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, TD Cowen cut their price target on Landstar System from $176.00 to $174.00 and set a “hold” rating for the company in a report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating and twelve have given a hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $174.25.

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.