Wipfli Financial Advisors LLC bought a new position in shares of Landstar System, Inc. (NASDAQ:LSTR – Get Rating) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 270 shares of the transportation company’s stock, valued at approximately $39,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its position in Landstar System by 12.8% during the third quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 6,121 shares of the transportation company’s stock worth $883,000 after acquiring an additional 693 shares during the period. Fenimore Asset Management Inc. increased its position in Landstar System by 1.2% during the third quarter. Fenimore Asset Management Inc. now owns 101,739 shares of the transportation company’s stock worth $14,688,000 after acquiring an additional 1,195 shares during the period. Raymond James & Associates increased 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 worth $21,452,000 after acquiring an additional 103,440 shares during the period. Cardinal Capital Management increased its position in Landstar System by 1.3% during the third quarter. Cardinal Capital Management now owns 16,776 shares of the transportation company’s stock worth $2,422,000 after acquiring an additional 213 shares during the period. Finally, Ronald Blue Trust Inc. increased its position in Landstar System by 113.6% during the third quarter. Ronald Blue Trust Inc. now owns 378 shares of the transportation company’s stock worth $55,000 after acquiring an additional 201 shares during the period. Institutional investors own 98.90% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the stock. Jefferies Financial Group assumed coverage on shares of Landstar System in a research note on Monday, October 24th. They set a “hold” rating and a $145.00 price target on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Landstar System from $189.00 to $182.00 in a research note on Monday, November 28th. Morgan Stanley upgraded shares of Landstar System from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $120.00 to $140.00 in a research note on Monday, January 9th. Susquehanna Bancshares lifted their price target on shares of Landstar System from $147.00 to $150.00 and gave the stock a “neutral” rating in a research note on Friday, October 21st. Finally, Wells Fargo & Company lifted their price target on shares of Landstar System from $142.00 to $155.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 4th. Nine analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $155.30.
Insider Activity at Landstar System
Landstar System Stock Down 0.9 %
Shares of NASDAQ:LSTR opened at $168.39 on Wednesday. Landstar System, Inc. has a 52 week low of $137.15 and a 52 week high of $178.14. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.58 and a current ratio of 1.58. The company’s fifty day moving average is $168.30 and its 200-day moving average is $155.98. The company has a market capitalization of $6.05 billion, a PE ratio of 13.87, a P/E/G ratio of 1.54 and a beta of 0.91.
Landstar System (NASDAQ:LSTR – Get Rating) last released its quarterly earnings results on Wednesday, October 19th. The transportation company reported $2.76 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.76. Landstar System had a return on equity of 52.31% and a net margin of 5.85%. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same period in the previous year, the business posted $2.58 earnings per share. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities research analysts predict that Landstar System, Inc. will post 11.77 earnings per share for the current fiscal year.
Landstar System Dividend Announcement
The firm also recently declared a None dividend, which will be paid on Friday, January 20th. Investors of record on Friday, January 6th will be issued a $2.00 dividend. The ex-dividend date is Thursday, January 5th. Landstar System’s dividend payout ratio is 9.88%.
Landstar System Profile
Landstar System, Inc provides integrated transportation management solutions in the United States, Canada, Mexico, and internationally. The company 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, small package and less-than-truckload service providers.
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