Mountain Pacific Investment Advisers Inc. ID Sells 862 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Mountain Pacific Investment Advisers Inc. ID cut its stake in Landstar System, Inc. (NASDAQ:LSTR) by 0.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 262,907 shares of the transportation company’s stock after selling 862 shares during the quarter. Landstar System makes up approximately 3.2% of Mountain Pacific Investment Advisers Inc. ID’s portfolio, making the stock its 10th biggest holding. Mountain Pacific Investment Advisers Inc. ID’s holdings in Landstar System were worth $50,912,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Larson Financial Group LLC acquired a new position in shares of Landstar System during the 3rd quarter worth approximately $49,000. GAMMA Investing LLC acquired a new position in shares of Landstar System in the fourth quarter worth $58,000. Cary Street Partners Investment Advisory LLC increased its position in Landstar System by 126.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 565 shares of the transportation company’s stock worth $100,000 after purchasing an additional 315 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in Landstar System by 17.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 616 shares of the transportation company’s stock valued at $119,000 after purchasing an additional 92 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in Landstar System by 18.7% in the 4th quarter. Blue Trust Inc. now owns 755 shares of the transportation company’s stock valued at $134,000 after purchasing an additional 119 shares in the last quarter. Hedge funds and other institutional investors 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 Landstar System stock in a transaction on Monday, February 5th. The shares were sold at an average price of $190.30, for a total value of $2,325,275.70. Following the completion of the sale, the vice president now owns 61,127 shares in the company, valued at $11,632,468.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on LSTR shares. UBS Group boosted their price objective on shares of Landstar System from $175.00 to $200.00 and gave the company a “neutral” rating in a research report on Friday, February 2nd. Susquehanna reduced their price target on Landstar System from $165.00 to $160.00 and set a “neutral” rating on the stock in a research note on Friday. Benchmark reaffirmed a “hold” rating on shares of Landstar System in a research report on Friday. Stifel Nicolaus dropped their target price on Landstar System from $171.00 to $166.00 and set a “hold” rating for the company in a research note on Friday, February 2nd. Finally, Wells Fargo & Company raised their price target on Landstar System from $165.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Friday, February 2nd. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $184.09.

Landstar System Trading Down 0.1 %

Shares of LSTR stock opened at $177.26 on Friday. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.04. Landstar System, Inc. has a fifty-two week low of $161.13 and a fifty-two week high of $208.62. The firm’s 50 day moving average price is $184.33 and its two-hundred day moving average price is $183.48. The stock has a market cap of $6.34 billion, a price-to-earnings ratio of 27.27, a price-to-earnings-growth ratio of 4.51 and a beta of 0.83.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings results on Wednesday, April 24th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, beating 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%. On average, analysts anticipate that Landstar System, Inc. will post 6.71 EPS for the current year.

Landstar System Dividend Announcement

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

Landstar System 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.