Aviva PLC Has $466,000 Stock Position in Landstar System, Inc. $LSTR

Aviva PLC lowered its stake in Landstar System, Inc. (NASDAQ:LSTR) by 14.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,354 shares of the transportation company’s stock after selling 585 shares during the quarter. Aviva PLC’s holdings in Landstar System were worth $466,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Geneos Wealth Management Inc. boosted its holdings in shares of Landstar System by 132.7% in the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the transportation company’s stock worth $37,000 after buying an additional 142 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Landstar System by 118.8% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 280 shares of the transportation company’s stock valued at $39,000 after acquiring an additional 152 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in Landstar System by 7,650.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 310 shares of the transportation company’s stock worth $43,000 after purchasing an additional 306 shares during the period. Brooklyn Investment Group grew its position in Landstar System by 352.2% during the 1st quarter. Brooklyn Investment Group now owns 312 shares of the transportation company’s stock worth $47,000 after purchasing an additional 243 shares in the last quarter. Finally, Allworth Financial LP grew its position in Landstar System by 58.5% during the 1st quarter. Allworth Financial LP now owns 344 shares of the transportation company’s stock worth $48,000 after purchasing an additional 127 shares in the last quarter. 97.95% of the stock is owned by hedge funds and other institutional investors.

Landstar System Stock Down 1.6%

LSTR stock opened at $125.90 on Friday. The firm has a market cap of $4.32 billion, a PE ratio of 32.12 and a beta of 0.83. Landstar System, Inc. has a 1 year low of $119.32 and a 1 year high of $190.69. The company has a fifty day simple moving average of $127.30 and a 200 day simple moving average of $133.55. The company has a current ratio of 2.01, a quick ratio of 2.00 and a debt-to-equity ratio of 0.05.

Landstar System (NASDAQ:LSTR) last posted its earnings results on Tuesday, October 28th. The transportation company reported $1.22 EPS for the quarter, missing the consensus estimate of $1.24 by ($0.02). Landstar System had a return on equity of 17.24% and a net margin of 2.87%.The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period in the previous year, the company earned $1.41 earnings per share. The company’s quarterly revenue was down .7% compared to the same quarter last year. Sell-side analysts anticipate that Landstar System, Inc. will post 6.1 EPS for the current fiscal year.

Landstar System Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 9th. Investors of record on Tuesday, November 18th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, November 18th. Landstar System’s dividend payout ratio (DPR) is presently 40.82%.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Truist Financial decreased their target price on Landstar System from $135.00 to $130.00 and set a “hold” rating for the company in a research report on Wednesday, October 29th. JPMorgan Chase & Co. reduced their price objective on Landstar System from $138.00 to $134.00 and set a “neutral” rating for the company in a research note on Wednesday, October 29th. UBS Group decreased their price objective on Landstar System from $149.00 to $147.00 and set a “neutral” rating for the company in a research report on Wednesday, October 29th. TD Cowen dropped their target price on Landstar System from $135.00 to $127.00 and set a “hold” rating on the stock in a report on Wednesday, October 29th. Finally, Susquehanna reduced their price target on shares of Landstar System from $121.00 to $110.00 and set a “neutral” rating for the company in a research report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $134.60.

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.