Aviva PLC lowered its stake in shares of Landstar System, Inc. (NASDAQ:LSTR – Get Rating) by 20.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,825 shares of the transportation company’s stock after selling 2,803 shares during the quarter. Aviva PLC’s holdings in Landstar System were worth $1,563,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in LSTR. Ronald Blue Trust Inc. purchased a new stake in Landstar System during the second quarter valued at about $27,000. Guardian Wealth Advisors LLC purchased a new stake in Landstar System during the third quarter valued at about $29,000. Eagle Bay Advisors LLC purchased a new stake in Landstar System during the second quarter valued at about $39,000. Wipfli Financial Advisors LLC purchased a new stake in Landstar System during the third quarter valued at about $39,000. Finally, Private Trust Co. NA purchased a new stake in Landstar System during the second quarter valued at about $43,000. Institutional investors own 98.90% of the company’s stock.
Landstar System Stock Down 0.4 %
LSTR stock opened at $180.42 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.58 and a debt-to-equity ratio of 0.08. The company’s 50 day moving average is $173.02 and its 200 day moving average is $161.41. The stock has a market cap of $6.48 billion, a price-to-earnings ratio of 15.35, a price-to-earnings-growth ratio of 1.69 and a beta of 0.91. Landstar System, Inc. has a 1-year low of $137.15 and a 1-year high of $188.46.
Landstar System Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 10th. Shareholders of record on Monday, February 13th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend is Friday, February 10th. Landstar System’s payout ratio is currently 10.21%.
Insider Buying and Selling at Landstar System
In other Landstar System news, COO Joseph J. Beacom sold 7,000 shares of the stock in a transaction that occurred on Thursday, February 9th. The shares were sold at an average price of $182.94, for a total transaction of $1,280,580.00. Following the transaction, the chief operating officer now directly owns 17,578 shares in the company, valued at $3,215,719.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, VP Ricardo S. Coro sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 9th. The shares were sold at an average price of $184.63, for a total value of $553,890.00. Following the transaction, the vice president now owns 22,167 shares in the company, valued at $4,092,693.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Joseph J. Beacom sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 9th. The stock was sold at an average price of $182.94, for a total transaction of $1,280,580.00. Following the completion of the transaction, the chief operating officer now owns 17,578 shares in the company, valued at approximately $3,215,719.32. The disclosure for this sale can be found here. Company insiders own 0.90% of the company’s stock.
Analyst Ratings Changes
Several research firms have commented on LSTR. Morgan Stanley raised shares of Landstar System from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $120.00 to $140.00 in a report on Monday, January 9th. Stephens upped their price objective on shares of Landstar System from $180.00 to $195.00 and gave the company an “equal weight” rating in a report on Friday, February 3rd. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Landstar System from $189.00 to $182.00 in a report on Monday, November 28th. Robert W. Baird increased their price target on shares of Landstar System from $160.00 to $180.00 in a report on Friday, February 3rd. Finally, Wells Fargo & Company increased their price target on shares of Landstar System from $142.00 to $155.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 4th. Ten equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, Landstar System presently has a consensus rating of “Hold” and a consensus price target of $164.82.
Landstar System Company Profile
Landstar System, Inc engages in the provision of transportation management solutions. It operates through the following segments: Transportation Logistics and Insurance. The Transportation Logistics segment offers transportation services including truckload and less-than-truckload transportation, rail intermodal, air and ocean cargo, project cargo, and customs brokerage.
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