Jacobs Levy Equity Management Inc. Raises Holdings in Landstar System, Inc. (NASDAQ:LSTR)

Jacobs Levy Equity Management Inc. boosted its position in Landstar System, Inc. (NASDAQ:LSTR) by 10.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 429,928 shares of the transportation company’s stock after acquiring an additional 41,758 shares during the period. Jacobs Levy Equity Management Inc. owned about 1.22% of Landstar System worth $81,201,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. OneDigital Investment Advisors LLC grew its position in Landstar System by 1.5% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 4,678 shares of the transportation company’s stock worth $883,000 after purchasing an additional 68 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Landstar System by 14.1% during the 3rd quarter. GAMMA Investing LLC now owns 568 shares of the transportation company’s stock worth $107,000 after purchasing an additional 70 shares during the last quarter. Equitable Trust Co. increased its stake in shares of Landstar System by 2.2% during the 3rd quarter. Equitable Trust Co. now owns 3,250 shares of the transportation company’s stock worth $614,000 after purchasing an additional 71 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Landstar System by 13.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 595 shares of the transportation company’s stock worth $115,000 after buying an additional 72 shares during the period. Finally, Massmutual Trust Co. FSB ADV boosted its holdings in Landstar System by 108.8% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 142 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 74 shares during the period. Institutional investors and hedge funds own 97.95% of the company’s stock.

Insider Activity at Landstar System

In other Landstar System news, CFO James P. Todd sold 1,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $184.32, for a total value of $184,320.00. Following the transaction, the chief financial officer now directly owns 14,083 shares in the company, valued at $2,595,778.56. This represents a 6.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.75% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on LSTR. The Goldman Sachs Group dropped their target price 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. UBS Group lifted their price target on shares of Landstar System from $184.00 to $186.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Evercore ISI lowered their price objective on shares of Landstar System from $165.00 to $160.00 and set an “in-line” rating on the stock in a report on Wednesday, October 30th. Stephens decreased their price objective on shares of Landstar System from $190.00 to $180.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 30th. Finally, TD Cowen reduced their target price on shares of Landstar System from $176.00 to $174.00 and set a “hold” rating for the company in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $174.25.

Landstar System Price Performance

Shares of LSTR opened at $187.20 on Tuesday. The company has a market capitalization of $6.61 billion, a P/E ratio of 32.11 and a beta of 0.82. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.04. The firm has a 50 day moving average of $184.34 and a 200 day moving average of $183.63. Landstar System, Inc. has a twelve month low of $165.39 and a twelve month high of $201.40.

Landstar System (NASDAQ:LSTR) last posted its earnings results on Tuesday, October 29th. The transportation company reported $1.41 EPS for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.04). Landstar System had a return on equity of 20.68% and a net margin of 4.32%. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the firm posted $1.71 EPS. The company’s revenue for the quarter was down 5.8% on a year-over-year basis. As a group, equities research analysts anticipate that Landstar System, Inc. will post 5.57 earnings per share for the current fiscal year.

Landstar System Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders 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 0.77%. Landstar System’s dividend payout ratio (DPR) is presently 24.70%.

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.