Jump Financial LLC Has $493,000 Stock Holdings in Landstar System, Inc. (NASDAQ:LSTR)

Jump Financial LLC cut its stake in shares of Landstar System, Inc. (NASDAQ:LSTRFree Report) by 60.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,785 shares of the transportation company’s stock after selling 4,279 shares during the quarter. Jump Financial LLC’s holdings in Landstar System were worth $493,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Arizona State Retirement System lifted its holdings in shares of Landstar System by 1.1% during the third quarter. Arizona State Retirement System now owns 10,231 shares of the transportation company’s stock valued at $1,810,000 after acquiring an additional 113 shares during the period. Seizert Capital Partners LLC lifted its holdings in shares of Landstar System by 2.0% during the third quarter. Seizert Capital Partners LLC now owns 161,174 shares of the transportation company’s stock valued at $28,518,000 after acquiring an additional 3,152 shares during the period. Wrapmanager Inc. raised its holdings in shares of Landstar System by 8.6% in the third quarter. Wrapmanager Inc. now owns 1,268 shares of the transportation company’s stock valued at $224,000 after buying an additional 100 shares during the last quarter. Capula Management Ltd raised its holdings in shares of Landstar System by 111.3% in the third quarter. Capula Management Ltd now owns 2,620 shares of the transportation company’s stock valued at $464,000 after buying an additional 1,380 shares during the last quarter. Finally, Corient Private Wealth LLC raised its holdings in shares of Landstar System by 23.6% in the third quarter. Corient Private Wealth LLC now owns 40,998 shares of the transportation company’s stock valued at $7,254,000 after buying an additional 7,833 shares during the last quarter. 99.52% of the stock is owned by institutional investors.

Landstar System Price Performance

Landstar System stock opened at $192.93 on Friday. The firm has a market capitalization of $6.94 billion, a P/E ratio of 26.25 and a beta of 0.85. Landstar System, Inc. has a 1 year low of $161.13 and a 1 year high of $208.62. The business has a 50-day moving average of $190.91 and a 200-day moving average of $184.78. The company has a current ratio of 2.00, a quick ratio of 2.08 and a debt-to-equity ratio of 0.04.

Landstar System Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 8th. Stockholders of record on Monday, February 12th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Friday, February 9th. This represents a $1.32 annualized dividend and a dividend yield of 0.68%. Landstar System’s payout ratio is currently 17.96%.

Insider Transactions at Landstar System

In other news, VP Michael K. Kneller sold 12,219 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was 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 directly owns 61,127 shares in the company, valued at approximately $11,632,468.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

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

Check Out Our Latest Stock Report on LSTR

Landstar System 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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