Landstar System, Inc. (NASDAQ:LSTR) Shares Sold by Fenimore Asset Management Inc

Fenimore Asset Management Inc reduced its position in Landstar System, Inc. (NASDAQ:LSTR) by 3.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 98,111 shares of the transportation company’s stock after selling 3,955 shares during the period. Fenimore Asset Management Inc’s holdings in Landstar System were worth $16,861,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in LSTR. Thrivent Financial for Lutherans lifted its stake in Landstar System by 3,775.2% in the third quarter. Thrivent Financial for Lutherans now owns 334,853 shares of the transportation company’s stock valued at $63,243,000 after buying an additional 326,212 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Landstar System by 509.3% in the third quarter. BNP Paribas Financial Markets now owns 55,048 shares of the transportation company’s stock valued at $10,397,000 after purchasing an additional 46,014 shares during the period. Janus Henderson Group PLC raised its holdings in shares of Landstar System by 24.0% in the third quarter. Janus Henderson Group PLC now owns 232,924 shares of the transportation company’s stock valued at $43,992,000 after buying an additional 45,147 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in shares of Landstar System by 10.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 429,928 shares of the transportation company’s stock worth $81,201,000 after buying an additional 41,758 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Landstar System by 5.1% in the 3rd quarter. Geode Capital Management LLC now owns 813,546 shares of the transportation company’s stock valued at $153,685,000 after acquiring an additional 39,223 shares during the period. 97.95% of the stock is owned by institutional investors and hedge funds.

Landstar System Trading Down 1.8 %

Shares of LSTR opened at $173.04 on Friday. Landstar System, Inc. has a twelve month low of $164.04 and a twelve month high of $200.16. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $6.11 billion, a P/E ratio of 29.68 and a beta of 0.83. The firm’s 50-day moving average is $178.02 and its two-hundred day moving average is $182.26.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings results on Tuesday, October 29th. The transportation company reported $1.41 earnings per share for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.04). The firm had revenue of $1.21 billion during 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 business’s revenue was down 5.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.71 EPS. On average, research analysts predict that Landstar System, Inc. will post 5.57 earnings per share for the current fiscal year.

Landstar System Increases Dividend

The company also recently declared a special dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th were given a $2.00 dividend. The ex-dividend date was Tuesday, January 7th. This is a boost from Landstar System’s previous special dividend of $1.50. Landstar System’s dividend payout ratio (DPR) is currently 24.70%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Stifel Nicolaus increased their price objective on Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a research report on Thursday. JPMorgan Chase & Co. increased their price target on Landstar System from $184.00 to $188.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. TD Cowen dropped their price objective on shares of Landstar System from $176.00 to $174.00 and set a “hold” rating on the stock in a research note on Wednesday, October 30th. Stephens reduced their target price on shares of Landstar System from $190.00 to $180.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group dropped their price target on shares of Landstar System from $165.00 to $158.00 and set a “sell” rating on the stock in a research note on Wednesday, October 9th. One analyst has rated the stock with a sell rating and twelve have issued a hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $172.27.

Insider Transactions at Landstar System

In other news, CFO James P. Todd sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $184.32, for a total transaction 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 $2,595,778.56. This trade represents a 6.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Landstar System Company 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.