Aperio Group LLC boosted its position in shares of Landstar System, Inc. (NASDAQ:LSTR) by 1.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 36,905 shares of the transportation company’s stock after purchasing an additional 562 shares during the quarter. Aperio Group LLC owned about 0.09% of Landstar System worth $3,842,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Southport Management L.L.C. bought a new stake in Landstar System during the 3rd quarter worth about $498,000. Legal & General Group Plc increased its stake in shares of Landstar System by 11.7% in the 3rd quarter. Legal & General Group Plc now owns 52,200 shares of the transportation company’s stock valued at $5,202,000 after acquiring an additional 5,468 shares during the last quarter. Cubist Systematic Strategies LLC increased its stake in shares of Landstar System by 109.2% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 4,328 shares of the transportation company’s stock valued at $370,000 after acquiring an additional 2,259 shares during the last quarter. Stifel Financial Corp increased its stake in shares of Landstar System by 3.3% in the 3rd quarter. Stifel Financial Corp now owns 56,992 shares of the transportation company’s stock valued at $5,676,000 after acquiring an additional 1,833 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in shares of Landstar System by 71.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 21,650 shares of the transportation company’s stock valued at $2,254,000 after acquiring an additional 9,000 shares during the last quarter. 99.23% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Dr. Homaira Akbari sold 1,000 shares of the stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $98.30, for a total transaction of $98,300.00. Following the completion of the sale, the director now directly owns 6,656 shares of the company’s stock, valued at approximately $654,284.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.00% of the stock is currently owned by corporate insiders.
Shares of Landstar System, Inc. (LSTR) opened at $111.00 on Friday. Landstar System, Inc. has a 52 week low of $80.00 and a 52 week high of $118.60. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.96 and a current ratio of 1.75. The stock has a market capitalization of $4,673.60, a P/E ratio of 26.37, a P/E/G ratio of 1.66 and a beta of 0.81.
Landstar System (NASDAQ:LSTR) last posted its earnings results on Wednesday, January 31st. The transportation company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.06. Landstar System had a return on equity of 25.30% and a net margin of 4.86%. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the prior year, the business earned $0.94 EPS. Landstar System’s revenue for the quarter was up 17.8% compared to the same quarter last year. analysts anticipate that Landstar System, Inc. will post 4.98 earnings per share for the current year.
Landstar System announced that its board has initiated a share repurchase program on Wednesday, December 13th that allows the company to buyback 1,960,000 shares. This buyback authorization allows the transportation company to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Monday, February 19th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.54%. This is a boost from Landstar System’s previous quarterly dividend of $0.10. The ex-dividend date is Thursday, February 15th. Landstar System’s dividend payout ratio is presently 9.50%.
LSTR has been the subject of a number of recent analyst reports. Buckingham Research initiated coverage on Landstar System in a research note on Friday, October 20th. They issued a “neutral” rating and a $103.00 price target for the company. Zacks Investment Research cut Landstar System from a “buy” rating to a “hold” rating in a research note on Friday, January 12th. Robert W. Baird reaffirmed a “hold” rating and issued a $105.00 price target on shares of Landstar System in a research note on Tuesday, January 9th. BidaskClub raised Landstar System from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 5th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and issued a $97.00 price target (up from $84.00) on shares of Landstar System in a research note on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $105.75.
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Landstar System Profile
Landstar System, Inc (Landstar) is an asset-light provider of integrated transportation management solutions. The Company offers services to its customers across multiple transportation modes, with the ability to arrange for individual shipments of freight to enterprise solutions to manage customer’s transportation needs.
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