Stifel Financial Corp Has $16.08 Million Stake in Landstar System, Inc. (NASDAQ:LSTR)

Stifel Financial Corp grew its stake in Landstar System, Inc. (NASDAQ:LSTR) by 0.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 85,120 shares of the transportation company’s stock after buying an additional 696 shares during the period. Stifel Financial Corp’s holdings in Landstar System were worth $16,077,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in LSTR. Quest Partners LLC acquired a new stake in Landstar System in the 2nd quarter worth approximately $73,000. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Landstar System by 431.3% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 441 shares of the transportation company’s stock worth $83,000 after buying an additional 358 shares during the last quarter. GAMMA Investing LLC boosted its holdings 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 buying an additional 70 shares during the period. Point72 DIFC Ltd acquired a new position in Landstar System in the 2nd quarter valued at $106,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Landstar System in the 2nd quarter worth $131,000. Institutional investors own 97.95% of the company’s stock.

Insider Buying and Selling at Landstar System

In other news, CFO James P. Todd sold 1,000 shares of Landstar System stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $184.32, for a total value of $184,320.00. Following the completion of the transaction, the chief financial officer now owns 14,083 shares in the company, valued at approximately $2,595,778.56. The trade was a 6.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

LSTR has been the topic of several research analyst reports. Evercore ISI lowered their price target on Landstar System from $165.00 to $160.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 30th. Susquehanna cut their price target on Landstar System from $165.00 to $160.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Stephens lowered 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 research note on Wednesday, October 30th. TD Cowen cut 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 note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. raised their price target on shares of Landstar System from $184.00 to $188.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating and twelve have given a hold rating to the company. According to MarketBeat, Landstar System presently has an average rating of “Hold” and an average price target of $174.25.

Landstar System Stock Up 1.4 %

Shares of LSTR opened at $188.09 on Wednesday. Landstar System, Inc. has a 12 month low of $165.39 and a 12 month high of $201.40. The stock has a market cap of $6.65 billion, a price-to-earnings ratio of 32.26 and a beta of 0.82. The company has a 50-day moving average price of $184.25 and a two-hundred day moving average price of $183.82. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.04.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings results on Tuesday, October 29th. The transportation company reported $1.41 EPS for the quarter, missing the consensus estimate of $1.45 by ($0.04). Landstar System had a net margin of 4.32% and a return on equity of 20.68%. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period in the prior year, the firm earned $1.71 EPS. Landstar System’s quarterly revenue was down 5.8% compared to the same quarter last year. Equities analysts predict that Landstar System, Inc. will post 5.57 EPS for the current fiscal year.

Landstar System Increases Dividend

The company also recently declared a special dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th will be issued a dividend of $2.00 per share. This is an increase from Landstar System’s previous special dividend of $1.50. Landstar System’s dividend payout ratio (DPR) is currently 24.70%.

About Landstar System

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.