James P. Todd Sells 1,000 Shares of Landstar System, Inc. (NASDAQ:LSTR) Stock

Landstar System, Inc. (NASDAQ:LSTR) CFO James P. Todd sold 1,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $184.32, for a total transaction of $184,320.00. Following the completion of the sale, the chief financial officer now directly owns 14,083 shares of the company’s stock, valued at approximately $2,595,778.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Landstar System Trading Up 1.4 %

Shares of NASDAQ LSTR traded up $2.59 during midday trading on Friday, reaching $191.15. 221,474 shares of the stock were exchanged, compared to its average volume of 258,469. Landstar System, Inc. has a 52-week low of $165.39 and a 52-week high of $201.40. The stock has a 50 day moving average price of $183.13 and a 200-day moving average price of $182.77. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $6.75 billion, a P/E ratio of 32.70 and a beta of 0.81.

Landstar System (NASDAQ:LSTR) 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). Landstar System had a net margin of 4.32% and a return on equity of 20.68%. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the prior year, the business earned $1.71 EPS. Landstar System’s revenue was down 5.8% compared to the same quarter last year. Equities research analysts expect that Landstar System, Inc. will post 5.61 earnings per share for the current fiscal year.

Landstar System Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 19th will be paid a $0.36 dividend. The ex-dividend date is Tuesday, November 19th. This represents a $1.44 dividend on an annualized basis and a yield of 0.75%. Landstar System’s payout ratio is presently 24.70%.

Analyst Ratings Changes

LSTR has been the subject of a number of research analyst reports. Raymond James dropped their price target on Landstar System from $205.00 to $195.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 31st. Stifel Nicolaus reduced their price target on shares of Landstar System from $164.00 to $160.00 and set a “hold” rating for the company in a research report on Thursday, August 1st. UBS Group lifted their price objective 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. Wolfe Research cut Landstar System from an “outperform” rating to a “peer perform” rating in a research report on Thursday, July 11th. Finally, Susquehanna reduced their price objective on Landstar System from $165.00 to $160.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $174.25.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of LSTR. Thrivent Financial for Lutherans increased its stake in shares of 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 purchasing an additional 326,212 shares during the period. Victory Capital Management Inc. grew its stake in shares of Landstar System by 6.2% in the second quarter. Victory Capital Management Inc. now owns 1,697,093 shares of the transportation company’s stock worth $313,080,000 after acquiring an additional 99,461 shares during the last quarter. Janus Henderson Group PLC increased its position in Landstar System by 30.9% during the first quarter. Janus Henderson Group PLC now owns 180,955 shares of the transportation company’s stock worth $34,880,000 after acquiring an additional 42,740 shares during the period. Dimensional Fund Advisors LP raised its stake in Landstar System by 6.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 594,895 shares of the transportation company’s stock valued at $109,743,000 after purchasing an additional 37,020 shares during the last quarter. Finally, Royce & Associates LP boosted its holdings in Landstar System by 11.4% in the 3rd quarter. Royce & Associates LP now owns 331,464 shares of the transportation company’s stock valued at $62,604,000 after purchasing an additional 33,962 shares during the period. Institutional investors and hedge funds own 97.95% of the company’s stock.

About Landstar System

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.