Great West Life Assurance Co. Can Has $3.95 Million Stake in Landstar System, Inc. (NASDAQ:LSTR)

Great West Life Assurance Co. Can lifted its position in shares of Landstar System, Inc. (NASDAQ:LSTRGet Rating) by 14.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 27,354 shares of the transportation company’s stock after purchasing an additional 3,356 shares during the period. Great West Life Assurance Co. Can’s holdings in Landstar System were worth $3,945,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Bridgewater Associates LP acquired a new stake in shares of Landstar System during the 2nd quarter valued at $739,000. DekaBank Deutsche Girozentrale raised its position in Landstar System by 17.8% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 26,495 shares of the transportation company’s stock worth $3,822,000 after purchasing an additional 4,013 shares during the last quarter. Aptus Capital Advisors LLC raised its position in Landstar System by 3.2% during the 2nd quarter. Aptus Capital Advisors LLC now owns 24,472 shares of the transportation company’s stock worth $3,558,000 after purchasing an additional 753 shares during the last quarter. Raymond James & Associates raised its position in Landstar System by 229.1% during the 3rd quarter. Raymond James & Associates now owns 148,591 shares of the transportation company’s stock worth $21,452,000 after purchasing an additional 103,440 shares during the last quarter. Finally, CWM LLC raised its position in Landstar System by 3.9% during the 2nd quarter. CWM LLC now owns 21,624 shares of the transportation company’s stock worth $3,144,000 after purchasing an additional 812 shares during the last quarter. Institutional investors and hedge funds own 98.90% of the company’s stock.

Landstar System Stock Performance

Shares of LSTR opened at $168.33 on Monday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.58 and a quick ratio of 1.58. The stock has a 50-day moving average of $168.47 and a 200-day moving average of $156.43. The company has a market cap of $6.05 billion, a PE ratio of 13.87, a P/E/G ratio of 1.53 and a beta of 0.91. Landstar System, Inc. has a one year low of $137.15 and a one year high of $178.14.

Landstar System Announces Dividend

The company also recently announced a None dividend, which was paid on Friday, January 20th. Stockholders of record on Friday, January 6th were paid a $2.00 dividend. The ex-dividend date of this dividend was Thursday, January 5th. Landstar System’s dividend payout ratio is presently 9.88%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Cowen lowered their target price on Landstar System to $155.00 in a research report on Thursday, October 27th. StockNews.com assumed coverage on Landstar System in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Deutsche Bank Aktiengesellschaft lowered their target price on Landstar System from $189.00 to $182.00 in a research report on Monday, November 28th. Wells Fargo & Company lifted their price objective on Landstar System from $142.00 to $155.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 4th. Finally, Jefferies Financial Group started coverage on Landstar System in a research report on Monday, October 24th. They issued a “hold” rating and a $145.00 price objective for the company. Nine investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $155.30.

Insider Activity

In other news, CEO James B. Gattoni sold 20,000 shares of the firm’s stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $155.86, for a total value of $3,117,200.00. Following the completion of the sale, the chief executive officer now directly owns 74,792 shares in the company, valued at approximately $11,657,081.12. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.90% of the stock is currently owned by company insiders.

Landstar System Company Profile

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Landstar System, Inc engages in the provision of transportation management solutions. It operates through the following segments: Transportation Logistics and Insurance. The Transportation Logistics segment offers transportation services including truckload and less-than-truckload transportation, rail intermodal, air and ocean cargo, project cargo, and customs brokerage.

Further Reading

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Institutional Ownership by Quarter for Landstar System (NASDAQ:LSTR)

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