Motley Fool Asset Management LLC Purchases 693 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Motley Fool Asset Management LLC boosted its position in Landstar System, Inc. (NASDAQ:LSTR) by 8.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,684 shares of the transportation company’s stock after buying an additional 693 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Landstar System were worth $1,682,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Invesco Ltd. boosted its stake in Landstar System by 55.1% in the 3rd quarter. Invesco Ltd. now owns 417,932 shares of the transportation company’s stock valued at $73,949,000 after purchasing an additional 148,490 shares during the period. Qube Research & Technologies Ltd raised its holdings in shares of Landstar System by 63.3% during the 3rd quarter. Qube Research & Technologies Ltd now owns 205,239 shares of the transportation company’s stock worth $36,315,000 after buying an additional 79,536 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Landstar System by 185.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 94,243 shares of the transportation company’s stock worth $16,675,000 after buying an additional 61,260 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Landstar System by 49.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 156,879 shares of the transportation company’s stock worth $27,758,000 after buying an additional 51,669 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of Landstar System during the 3rd quarter worth $4,681,000. Institutional investors and hedge funds own 97.95% of the company’s stock.

Insider Transactions at Landstar System

In related news, VP Michael K. Kneller sold 12,219 shares of the company’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $190.30, for a total transaction of $2,325,275.70. Following the completion of the sale, the vice president now directly owns 61,127 shares in the company, valued at approximately $11,632,468.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.00% of the company’s stock.

Landstar System Stock Down 0.1 %

Shares of Landstar System stock traded down $0.17 on Friday, hitting $177.26. The company had a trading volume of 307,488 shares, compared to its average volume of 276,355. The stock has a market capitalization of $6.34 billion, a price-to-earnings ratio of 27.27, a P/E/G ratio of 4.51 and a beta of 0.83. Landstar System, Inc. has a 1 year low of $161.13 and a 1 year high of $208.62. The stock has a 50 day moving average of $184.66 and a 200-day moving average of $183.48. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.00 and a current ratio of 2.00.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings data on Wednesday, April 24th. The transportation company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.28 by $0.04. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.12 billion. Landstar System had a return on equity of 23.17% and a net margin of 4.63%. As a group, sell-side analysts forecast that Landstar System, Inc. will post 6.71 earnings per share for the current year.

Landstar System Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Wednesday, May 8th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $1.32 annualized dividend and a yield of 0.74%. Landstar System’s payout ratio is 20.31%.

Analysts Set New Price Targets

A number of brokerages have issued reports on LSTR. UBS Group upped their target price on Landstar System from $175.00 to $200.00 and gave the stock a “neutral” rating in a report on Friday, February 2nd. Benchmark reaffirmed a “hold” rating on shares of Landstar System in a report on Friday. Susquehanna lowered their target price on Landstar System from $165.00 to $160.00 and set a “neutral” rating for the company in a report on Friday. Stifel Nicolaus lowered their target price on Landstar System from $171.00 to $166.00 and set a “hold” rating for the company in a report on Friday, February 2nd. Finally, Wells Fargo & Company upped their price target on Landstar System from $165.00 to $180.00 and gave the company an “equal weight” rating in a research report on Friday, February 2nd. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $184.09.

Landstar System Company 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.