Atria Investments Inc Sells 78 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Atria Investments Inc lowered its stake in Landstar System, Inc. (NASDAQ:LSTRFree Report) by 1.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,039 shares of the transportation company’s stock after selling 78 shares during the period. Atria Investments Inc’s holdings in Landstar System were worth $1,069,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in LSTR. Column Capital Advisors LLC boosted its position in Landstar System by 8.4% during the second quarter. Column Capital Advisors LLC now owns 736 shares of the transportation company’s stock worth $142,000 after acquiring an additional 57 shares during the last quarter. Panagora Asset Management Inc. boosted its position in Landstar System by 2.7% during the second quarter. Panagora Asset Management Inc. now owns 2,306 shares of the transportation company’s stock worth $444,000 after acquiring an additional 61 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in Landstar System by 1.8% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 3,560 shares of the transportation company’s stock worth $630,000 after acquiring an additional 63 shares during the last quarter. Savant Capital LLC boosted its position in Landstar System by 3.6% during the fourth quarter. Savant Capital LLC now owns 1,858 shares of the transportation company’s stock worth $303,000 after acquiring an additional 64 shares during the last quarter. Finally, Studio Investment Management LLC boosted its position in Landstar System by 2.9% during the fourth quarter. Studio Investment Management LLC now owns 2,473 shares of the transportation company’s stock worth $403,000 after acquiring an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on LSTR shares. Wells Fargo & Company boosted their price target on shares of Landstar System from $165.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Friday, February 2nd. Susquehanna lifted their target price on shares of Landstar System from $162.00 to $170.00 and gave the stock a “neutral” rating in a research note on Friday, February 2nd. Wolfe Research raised shares of Landstar System from a “peer perform” rating to an “outperform” rating and set a $205.00 target price on the stock in a research note on Wednesday, January 10th. JPMorgan Chase & Co. began coverage on shares of Landstar System in a research note on Monday, December 11th. They set a “neutral” rating and a $186.00 target price on the stock. Finally, Morgan Stanley reduced their target price on shares of Landstar System from $150.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Monday, October 30th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $185.00.

View Our Latest Analysis on Landstar System

Landstar System Price Performance

Shares of LSTR opened at $193.69 on Wednesday. Landstar System, Inc. has a fifty-two week low of $161.13 and a fifty-two week high of $208.62. The firm’s 50 day moving average price is $189.82 and its 200 day moving average price is $184.90. The company has a market cap of $6.96 billion, a P/E ratio of 26.35 and a beta of 0.85. The company has a quick ratio of 2.08, a current ratio of 2.00 and a debt-to-equity ratio of 0.04.

Landstar System Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 8th. Shareholders of record on Monday, February 12th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 0.68%. The ex-dividend date is Friday, February 9th. Landstar System’s dividend payout ratio (DPR) is presently 17.96%.

Insiders Place Their Bets

In other Landstar System news, VP Michael K. Kneller sold 12,219 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $190.30, for a total transaction of $2,325,275.70. Following the completion of the transaction, the vice president now owns 61,127 shares in the company, valued at approximately $11,632,468.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is currently owned by company insiders.

Landstar System Company Profile

(Free Report)

Landstar System, Inc provides integrated transportation management solutions in the United States, Canada, Mexico, and internationally. The company 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, small package and less-than-truckload service providers.

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

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