Insider Selling: Landstar System, Inc. (NASDAQ:LSTR) CFO Sells 1,000 Shares of Stock

Landstar System, Inc. (NASDAQ:LSTR) CFO James P. Todd sold 1,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $184.32, for a total transaction of $184,320.00. Following the transaction, the chief financial officer now owns 14,083 shares in the company, valued at $2,595,778.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Landstar System Stock Up 1.4 %

LSTR stock opened at $191.15 on Friday. The firm has a market cap of $6.75 billion, a PE ratio of 32.79 and a beta of 0.81. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.21 and a current ratio of 2.21. The firm’s fifty day moving average is $183.30 and its 200 day moving average is $182.98. Landstar System, Inc. has a one year low of $165.39 and a one year high of $201.40.

Landstar System (NASDAQ:LSTR) last released its quarterly 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 firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.22 billion. Landstar System had a net margin of 4.32% and a return on equity of 20.68%. The firm’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.71 EPS. On average, research analysts forecast that Landstar System, Inc. will post 5.61 EPS for the current year.

Landstar System Dividend Announcement

The business 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 dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.75%. The ex-dividend date is Tuesday, November 19th. Landstar System’s payout ratio is 24.70%.

Analyst Upgrades and Downgrades

LSTR has been the topic of a number of research analyst reports. The Goldman Sachs Group dropped their target price 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. Benchmark reissued a “hold” rating on shares of Landstar System in a research report on Wednesday, July 31st. JPMorgan Chase & Co. increased their target price on shares of Landstar System from $184.00 to $188.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. UBS Group raised their price target on shares of Landstar System from $184.00 to $186.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Finally, TD Cowen decreased their price target on shares of Landstar System from $176.00 to $174.00 and set a “hold” rating for the company in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $174.25.

Hedge Funds Weigh In On Landstar System

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Envestnet Portfolio Solutions Inc. lifted its holdings in Landstar System by 2.9% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 2,008 shares of the transportation company’s stock valued at $387,000 after purchasing an additional 57 shares in the last quarter. OneDigital Investment Advisors LLC lifted its stake in shares of Landstar System by 1.5% in the third quarter. OneDigital Investment Advisors LLC now owns 4,678 shares of the transportation company’s stock worth $883,000 after buying an additional 68 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Landstar System by 14.1% in the third quarter. GAMMA Investing LLC now owns 568 shares of the transportation company’s stock worth $107,000 after buying an additional 70 shares in the last quarter. Equitable Trust Co. lifted its stake in shares of Landstar System by 2.2% in the third quarter. Equitable Trust Co. now owns 3,250 shares of the transportation company’s stock worth $614,000 after buying an additional 71 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Landstar System by 13.8% in the first quarter. EverSource Wealth Advisors LLC now owns 595 shares of the transportation company’s stock worth $115,000 after buying an additional 72 shares in the last quarter. 97.95% of the stock is owned by hedge funds and other institutional investors.

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.