World Investment Advisors LLC Invests $4.04 Million in Landstar System, Inc. (NASDAQ:LSTR)

World Investment Advisors LLC purchased a new stake in Landstar System, Inc. (NASDAQ:LSTR) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 21,368 shares of the transportation company’s stock, valued at approximately $4,036,000. World Investment Advisors LLC owned approximately 0.06% of Landstar System at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Quest Partners LLC acquired a new position in Landstar System in the 2nd quarter valued at about $73,000. Whittier Trust Co. of Nevada Inc. raised its position 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 valued at $83,000 after buying an additional 358 shares during the period. Point72 DIFC Ltd acquired a new position in Landstar System in the second quarter valued at approximately $106,000. GAMMA Investing LLC grew its position in Landstar System by 14.1% in the third quarter. GAMMA Investing LLC now owns 568 shares of the transportation company’s stock worth $107,000 after acquiring an additional 70 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Landstar System during the second quarter worth $131,000. Institutional investors and hedge funds own 97.95% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on LSTR shares. Raymond James lowered Landstar System from an “outperform” rating to a “market perform” rating in a research note on Friday, November 15th. The Goldman Sachs Group decreased their target price on shares of Landstar System from $165.00 to $158.00 and set a “sell” rating on the stock in a research report on Wednesday, October 9th. UBS Group lifted their price target on shares of Landstar System from $184.00 to $186.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. TD Cowen decreased their price objective on shares of Landstar System from $176.00 to $174.00 and set a “hold” rating on the stock in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Landstar System from $184.00 to $188.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating and twelve have issued a hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $174.25.

Landstar System Price Performance

LSTR stock opened at $185.27 on Friday. The business’s 50-day moving average is $184.44 and its two-hundred day moving average is $183.87. 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 firm has a market capitalization of $6.55 billion, a P/E ratio of 31.78 and a beta of 0.82. Landstar System, Inc. has a 1 year low of $165.39 and a 1 year high of $201.40.

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 will be paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th will be paid a dividend of $2.00 per share. The ex-dividend date of this dividend is 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.