Profund Advisors LLC purchased a new position in Landstar System, Inc. (NASDAQ:LSTR – Get Rating) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,325 shares of the transportation company’s stock, valued at approximately $216,000.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Advisors Asset Management Inc. lifted its stake in Landstar System by 62.8% during the third quarter. Advisors Asset Management Inc. now owns 2,550 shares of the transportation company’s stock worth $368,000 after purchasing an additional 984 shares during the last quarter. Commerce Bank raised its holdings in shares of Landstar System by 3.2% during the 3rd quarter. Commerce Bank now owns 22,258 shares of the transportation company’s stock valued at $3,214,000 after buying an additional 682 shares in the last quarter. Crossmark Global Holdings Inc. lifted its position in Landstar System by 29.3% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 20,640 shares of the transportation company’s stock worth $2,979,000 after buying an additional 4,672 shares during the last quarter. Brown Advisory Inc. boosted its stake in Landstar System by 146.3% in the third quarter. Brown Advisory Inc. now owns 6,807 shares of the transportation company’s stock worth $983,000 after buying an additional 4,043 shares in the last quarter. Finally, Raymond James & Associates grew its position in Landstar System by 229.1% during the third quarter. Raymond James & Associates now owns 148,591 shares of the transportation company’s stock valued at $21,452,000 after acquiring an additional 103,440 shares during the last quarter. Hedge funds and other institutional investors own 98.90% of the company’s stock.
Insider Buying and Selling
In other Landstar System news, COO Joseph J. Beacom sold 7,000 shares of Landstar System 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 sale, the chief operating officer now directly owns 17,578 shares of the company’s stock, valued at approximately $3,215,719.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, VP Ricardo S. Coro sold 3,000 shares of Landstar System stock in a transaction that occurred on Thursday, February 9th. The shares were sold at an average price of $184.63, for a total transaction of $553,890.00. Following the completion of the transaction, the vice president now directly owns 22,167 shares in the company, valued at $4,092,693.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 shares were sold at an average price of $182.94, for a total value of $1,280,580.00. Following the transaction, the chief operating officer now directly owns 17,578 shares of the company’s stock, valued at approximately $3,215,719.32. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Landstar System Price Performance
Shares of LSTR stock opened at $168.44 on Thursday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.64 and a current ratio of 1.64. Landstar System, Inc. has a fifty-two week low of $137.15 and a fifty-two week high of $188.46. The firm has a market cap of $6.07 billion, a P/E ratio of 14.34, a P/E/G ratio of 1.71 and a beta of 0.90. The business’s 50 day moving average price is $177.91 and its 200-day moving average price is $170.14.
Landstar System (NASDAQ:LSTR – Get Rating) last released its quarterly earnings results on Wednesday, February 1st. The transportation company reported $2.60 earnings per share for the quarter, missing the consensus estimate of $2.62 by ($0.02). Landstar System had a net margin of 5.79% and a return on equity of 49.62%. The company had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter last year, the firm earned $2.99 EPS. The business’s revenue was down 13.9% on a year-over-year basis. On average, equities research analysts anticipate that Landstar System, Inc. will post 8.87 earnings per share for the current year.
Landstar System Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Monday, February 13th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend was Friday, February 10th. Landstar System’s dividend payout ratio is currently 10.21%.
About Landstar System
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.
Read More
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