Landstar System, Inc. (NASDAQ:LSTR) Shares Sold by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC cut its stake in Landstar System, Inc. (NASDAQ:LSTR) by 6.0% during the 3rd quarter, Holdings Channel.com reports. The fund owned 3,907 shares of the transportation company’s stock after selling 248 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Landstar System were worth $738,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc. boosted its holdings in shares of Landstar System by 6.2% in the 2nd quarter. Victory Capital Management Inc. now owns 1,697,093 shares of the transportation company’s stock valued at $313,080,000 after purchasing an additional 99,461 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in Landstar System by 30.9% in the first quarter. Janus Henderson Group PLC now owns 180,955 shares of the transportation company’s stock valued at $34,880,000 after acquiring an additional 42,740 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Landstar System by 6.6% during the second quarter. Dimensional Fund Advisors LP now owns 594,895 shares of the transportation company’s stock valued at $109,743,000 after acquiring an additional 37,020 shares during the period. Vanguard Group Inc. increased its stake in Landstar System by 0.7% during the first quarter. Vanguard Group Inc. now owns 3,480,039 shares of the transportation company’s stock worth $670,812,000 after acquiring an additional 25,387 shares during the last quarter. Finally, Edgestream Partners L.P. raised its holdings in shares of Landstar System by 445.7% in the 1st quarter. Edgestream Partners L.P. now owns 30,425 shares of the transportation company’s stock worth $5,865,000 after purchasing an additional 24,850 shares during the period. 97.95% of the stock is currently owned by hedge funds and other institutional investors.

Landstar System Price Performance

LSTR opened at $189.80 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.21 and a current ratio of 2.21. Landstar System, Inc. has a 1-year low of $165.39 and a 1-year high of $201.40. The company has a 50-day moving average of $183.78 and a 200-day moving average of $183.31. The company has a market capitalization of $6.71 billion, a P/E ratio of 32.56 and a beta of 0.81.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings data 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). Landstar System had a net margin of 4.32% and a return on equity of 20.68%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the previous year, the company earned $1.71 EPS. The company’s quarterly revenue was down 5.8% compared to the same quarter last year. Equities analysts expect that Landstar System, Inc. will post 5.61 EPS for the current fiscal year.

Landstar System Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 19th will be paid a dividend of $0.36 per share. The ex-dividend date is Tuesday, November 19th. This represents a $1.44 annualized dividend and a yield of 0.76%. Landstar System’s payout ratio is 24.70%.

Insiders Place Their Bets

In other news, CFO James P. Todd sold 1,000 shares of Landstar System stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $184.32, for a total value of $184,320.00. Following the completion of the transaction, the chief financial officer now directly owns 14,083 shares of the company’s stock, valued at approximately $2,595,778.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on LSTR shares. Stephens decreased their target price on Landstar System from $190.00 to $180.00 and set an “equal weight” rating for the company in a report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price objective on Landstar System from $184.00 to $188.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Benchmark restated a “hold” rating on shares of Landstar System in a report on Wednesday, July 31st. Evercore ISI dropped their price objective on shares of Landstar System from $165.00 to $160.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 30th. Finally, UBS Group upped their target price on shares of Landstar System from $184.00 to $186.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Landstar System has a consensus rating of “Hold” and an average price target of $174.25.

Landstar System Profile

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.