FourThought Financial LLC Has $57,000 Stake in Landstar System, Inc. (NASDAQ:LSTR)

FourThought Financial LLC boosted its holdings in Landstar System, Inc. (NASDAQ:LSTR – Get Rating) by 32.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 393 shares of the transportation company’s stock after purchasing an additional 96 shares during the quarter. FourThought Financial LLC’s holdings in Landstar System were worth $57,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Captrust Financial Advisors raised its stake in Landstar System by 105.5% in the 3rd quarter. Captrust Financial Advisors now owns 13,192 shares of the transportation company’s stock worth $1,905,000 after purchasing an additional 6,773 shares in the last quarter. Baird Financial Group Inc. raised its stake in Landstar System by 63.1% in the third quarter. Baird Financial Group Inc. now owns 2,300 shares of the transportation company’s stock valued at $332,000 after purchasing an additional 890 shares in the last quarter. Algert Global LLC raised its stake in Landstar System by 18.4% in the third quarter. Algert Global LLC now owns 46,278 shares of the transportation company’s stock valued at $6,681,000 after purchasing an additional 7,177 shares in the last quarter. Colony Group LLC lifted its position in Landstar System by 0.9% during the third quarter. Colony Group LLC now owns 46,165 shares of the transportation company’s stock worth $6,665,000 after purchasing an additional 421 shares during the period. Finally, Pathstone Family Office LLC grew its stake in Landstar System by 9.3% during the third quarter. Pathstone Family Office LLC now owns 4,260 shares of the transportation company’s stock worth $616,000 after buying an additional 362 shares in the last quarter. Institutional investors and hedge funds own 98.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on LSTR shares. Deutsche Bank Aktiengesellschaft cut their price target on shares of Landstar System from $189.00 to $182.00 in a report on Monday, November 28th. Stephens raised their target price on Landstar System from $180.00 to $195.00 and gave the company an “equal weight” rating in a report on Friday, February 3rd. Morgan Stanley raised Landstar System from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $120.00 to $140.00 in a report on Monday, January 9th. StockNews.com began coverage on Landstar System in a research report on Thursday. They set a “hold” rating for the company. Finally, Robert W. Baird lifted their target price on Landstar System from $160.00 to $180.00 in a research report on Friday, February 3rd. Ten investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Landstar System currently has a consensus rating of “Hold” and an average target price of $164.82.

Landstar System Stock Performance

NASDAQ:LSTR opened at $172.03 on Friday. The stock’s 50-day moving average is $176.97 and its 200-day moving average is $164.00. The stock has a market cap of $6.18 billion, a P/E ratio of 14.64, a price-to-earnings-growth ratio of 1.62 and a beta of 0.90. Landstar System, Inc. has a 1-year low of $137.15 and a 1-year high of $188.46. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.08.

Landstar System (NASDAQ:LSTR – Get Rating) last issued its quarterly earnings data on Wednesday, February 1st. The transportation company reported $2.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.62 by ($0.02). The business had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.76 billion. Landstar System had a net margin of 5.79% and a return on equity of 49.62%. The firm’s quarterly revenue was down 13.9% compared to the same quarter last year. During the same quarter last year, the business earned $2.99 EPS. Equities research analysts anticipate that Landstar System, Inc. will post 8.87 earnings per share for the current year.

Landstar System Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Monday, February 13th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, February 10th. This represents a $1.20 dividend on an annualized basis and a yield of 0.70%. Landstar System’s dividend payout ratio (DPR) is presently 10.21%.

Insider Activity at Landstar System

In related news, COO Joseph J. Beacom sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 9th. The shares were sold at an average price of $182.94, for a total value of $1,280,580.00. Following the completion of the transaction, the chief operating officer now owns 17,578 shares in the company, valued at approximately $3,215,719.32. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Landstar System news, COO Joseph J. Beacom sold 7,000 shares of the stock in a transaction that occurred on Thursday, February 9th. The shares were sold at an average price of $182.94, for a total transaction of $1,280,580.00. Following the completion of the sale, the chief operating officer now owns 17,578 shares of the company’s stock, valued at approximately $3,215,719.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Ricardo S. Coro sold 3,000 shares of the stock in a transaction that occurred on Thursday, February 9th. The shares were sold at an average price of $184.63, for a total transaction of $553,890.00. Following the sale, the vice president now directly owns 22,167 shares of the company’s stock, valued at approximately $4,092,693.21. The disclosure for this sale can be found here. 0.90% of the stock is 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.