Inspire Investing LLC Purchases 583 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Inspire Investing LLC boosted its position in Landstar System, Inc. (NASDAQ:LSTR) by 8.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,549 shares of the transportation company’s stock after purchasing an additional 583 shares during the period. Inspire Investing LLC’s holdings in Landstar System were worth $1,297,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

LSTR has been the subject of a number of recent research reports. TD Cowen decreased their price objective on Landstar System from $176.00 to $174.00 and set a “hold” rating for the company in a report on Wednesday, October 30th. Stifel Nicolaus increased their price target on Landstar System from $164.00 to $169.00 and gave the company a “hold” rating in a research note on Thursday. UBS Group lifted their price objective on Landstar System from $184.00 to $186.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Susquehanna decreased 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 report on Friday, November 1st. Finally, Stephens dropped their price target on shares of Landstar System from $190.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the company. According to data from MarketBeat.com, Landstar System presently has an average rating of “Hold” and an average price target of $172.27.

Insiders Place Their Bets

In other news, CFO James P. Todd sold 1,000 shares of the 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 sale, 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. Corporate insiders own 1.00% of the company’s stock.

Landstar System Price Performance

Shares of NASDAQ LSTR opened at $176.17 on Friday. The firm has a market capitalization of $6.22 billion, a P/E ratio of 30.22 and a beta of 0.83. The firm’s 50-day moving average price is $178.44 and its 200-day moving average price is $182.34. 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 1-year low of $164.04 and a 1-year high of $200.43.

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

Landstar System Increases Dividend

The firm also recently declared a special dividend, which was paid on Tuesday, January 21st. Shareholders 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 a positive change from Landstar System’s previous special dividend of $1.50. Landstar System’s payout ratio is 24.70%.

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.