Janus Henderson Group PLC Raises Stock Holdings in Landstar System, Inc. (NASDAQ:LSTR)

Janus Henderson Group PLC increased its position in Landstar System, Inc. (NASDAQ:LSTR) by 24.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 232,924 shares of the transportation company’s stock after purchasing an additional 45,147 shares during the period. Janus Henderson Group PLC owned 0.66% of Landstar System worth $43,992,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LSTR. Quest Partners LLC purchased a new stake in Landstar System in the second quarter worth $73,000. Mather Group LLC. boosted its stake in Landstar System by 183.5% in the 2nd quarter. Mather Group LLC. now owns 394 shares of the transportation company’s stock worth $76,000 after purchasing an additional 255 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in Landstar System by 431.3% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 441 shares of the transportation company’s stock valued at $83,000 after purchasing an additional 358 shares during the last quarter. GAMMA Investing LLC increased its stake in Landstar System by 58.1% during the 2nd quarter. GAMMA Investing LLC now owns 498 shares of the transportation company’s stock valued at $92,000 after purchasing an additional 183 shares in the last quarter. Finally, Point72 DIFC Ltd purchased a new position in Landstar System in the second quarter worth about $106,000. 97.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on LSTR. The Goldman Sachs Group reduced their price target on shares of Landstar System from $165.00 to $158.00 and set a “sell” rating for the company in a research report on Wednesday, October 9th. Susquehanna cut their target price on Landstar System from $165.00 to $160.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. TD Cowen cut their target price on Landstar System from $176.00 to $174.00 and set a “hold” rating on the stock in a research note on Wednesday, October 30th. JPMorgan Chase & Co. increased their target price 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 target price on 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 and twelve have assigned a hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $174.25.

Insider Activity at Landstar System

In related news, CFO James P. Todd sold 1,000 shares of the business’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 completion of the sale, the chief financial officer now owns 14,083 shares in the company, valued at approximately $2,595,778.56. The trade was 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 the SEC website. 1.00% of the stock is owned by company insiders.

Landstar System Trading Down 1.5 %

LSTR opened at $184.51 on Friday. Landstar System, Inc. has a 12 month low of $165.39 and a 12 month high of $201.40. The stock has a 50-day moving average of $184.39 and a 200 day moving average of $183.67. The firm has a market cap of $6.52 billion, a P/E ratio of 31.65 and a beta of 0.82. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.04.

Landstar System (NASDAQ:LSTR) last announced its earnings results 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 business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter last year, the firm earned $1.71 EPS. The firm’s quarterly revenue was down 5.8% on a year-over-year basis. As a group, research analysts forecast that Landstar System, Inc. will post 5.57 EPS for the current year.

Landstar System Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 19th will be issued a $0.36 dividend. The ex-dividend date is Tuesday, November 19th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.78%. Landstar System’s payout ratio is 24.70%.

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.