Voya Financial Advisors Inc. Acquires 129 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Voya Financial Advisors Inc. raised its holdings in Landstar System, Inc. (NASDAQ:LSTR) by 10.6% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,348 shares of the transportation company’s stock after acquiring an additional 129 shares during the quarter. Voya Financial Advisors Inc.’s holdings in Landstar System were worth $252,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of LSTR. Thrivent Financial for Lutherans grew its position in shares of Landstar System by 3,775.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 334,853 shares of the transportation company’s stock worth $63,243,000 after buying an additional 326,212 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Landstar System by 6.2% during the 2nd quarter. Victory Capital Management Inc. now owns 1,697,093 shares of the transportation company’s stock worth $313,080,000 after purchasing an additional 99,461 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Landstar System by 509.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 55,048 shares of the transportation company’s stock worth $10,397,000 after purchasing an additional 46,014 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of Landstar System by 24.0% during the 3rd quarter. Janus Henderson Group PLC now owns 232,924 shares of the transportation company’s stock worth $43,992,000 after purchasing an additional 45,147 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its stake in shares of Landstar System by 10.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 429,928 shares of the transportation company’s stock worth $81,201,000 after purchasing an additional 41,758 shares during the last quarter. Institutional investors own 97.95% of the company’s stock.

Landstar System Stock Down 1.7 %

Landstar System stock opened at $181.29 on Friday. The firm has a market cap of $6.40 billion, a price-to-earnings ratio of 31.10 and a beta of 0.82. Landstar System, Inc. has a 52 week low of $165.39 and a 52 week high of $201.40. The business’s 50-day moving average price is $184.28 and its 200 day moving average price is $183.67. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.04.

Landstar System (NASDAQ:LSTR) last posted its earnings results on Tuesday, October 29th. The transportation company reported $1.41 EPS for the quarter, missing the consensus estimate of $1.45 by ($0.04). The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.22 billion. Landstar System had a return on equity of 20.68% and a net margin of 4.32%. The firm’s revenue was down 5.8% on a year-over-year basis. During the same period last year, the business earned $1.71 earnings per share. As a group, sell-side analysts anticipate that Landstar System, Inc. will post 5.57 earnings per share for the current year.

Landstar System Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 19th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.79%. The ex-dividend date is Tuesday, November 19th. Landstar System’s payout ratio is currently 24.70%.

Insider Buying and Selling at Landstar System

In other Landstar System news, CFO James P. Todd sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $184.32, for a total value of $184,320.00. Following the sale, the chief financial officer now directly owns 14,083 shares of the company’s stock, valued at approximately $2,595,778.56. This trade represents a 6.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

LSTR has been the subject of a number of research analyst reports. Evercore ISI decreased their price target on Landstar System from $165.00 to $160.00 and set an “in-line” rating for the company in a research note on Wednesday, October 30th. The Goldman Sachs Group decreased their price target on Landstar System from $165.00 to $158.00 and set a “sell” rating for the company in a research note on Wednesday, October 9th. TD Cowen decreased their price target on Landstar System from $176.00 to $174.00 and set a “hold” rating for the company in a research note on Wednesday, October 30th. JPMorgan Chase & Co. increased their price target on Landstar System from $184.00 to $188.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, UBS Group increased their price objective on Landstar System from $184.00 to $186.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the stock. According to data from MarketBeat, Landstar System presently has an average rating of “Hold” and a consensus price target of $174.25.

About Landstar System

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.