Landstar System, Inc. (NASDAQ:LSTR) Shares Purchased by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC lifted its position in Landstar System, Inc. (NASDAQ:LSTR) by 8.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,684 shares of the transportation company’s stock after purchasing an additional 693 shares during the period. Motley Fool Asset Management LLC’s holdings in Landstar System were worth $1,682,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC acquired a new position in shares of Landstar System in the 4th quarter valued at $58,000. Linden Thomas Advisory Services LLC grew its holdings in shares of Landstar System by 2.8% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 7,462 shares of the transportation company’s stock worth $1,445,000 after buying an additional 204 shares in the last quarter. Larson Financial Group LLC grew its holdings in shares of Landstar System by 77.8% in the fourth quarter. Larson Financial Group LLC now owns 496 shares of the transportation company’s stock valued at $96,000 after purchasing an additional 217 shares during the period. Illinois Municipal Retirement Fund grew its holdings in shares of Landstar System by 8.8% in the fourth quarter. Illinois Municipal Retirement Fund now owns 20,591 shares of the transportation company’s stock valued at $3,987,000 after purchasing an additional 1,657 shares during the period. Finally, AIA Group Ltd grew its holdings in shares of Landstar System by 16.8% in the fourth quarter. AIA Group Ltd now owns 6,014 shares of the transportation company’s stock valued at $1,165,000 after purchasing an additional 864 shares during the period. 97.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Landstar System

In other news, VP Michael K. Kneller sold 12,219 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $190.30, for a total transaction of $2,325,275.70. Following the completion of the transaction, the vice president now directly owns 61,127 shares in the company, valued at approximately $11,632,468.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.00% of the company’s stock.

Landstar System Trading Down 0.1 %

Shares of NASDAQ LSTR traded down $0.17 on Friday, reaching $177.26. 307,488 shares of the company traded hands, compared to its average volume of 276,355. Landstar System, Inc. has a fifty-two week low of $161.13 and a fifty-two week high of $208.62. The company has a 50 day moving average of $184.66 and a 200 day moving average of $183.48. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $6.34 billion, a PE ratio of 27.27, a P/E/G ratio of 4.51 and a beta of 0.83.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings data on Wednesday, April 24th. The transportation company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.04. Landstar System had a net margin of 4.63% and a return on equity of 23.17%. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.12 billion. On average, equities research analysts forecast that Landstar System, Inc. will post 6.71 earnings per share for the current fiscal year.

Landstar System Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Wednesday, May 8th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date is Tuesday, May 7th. Landstar System’s payout ratio is currently 20.31%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on LSTR shares. Susquehanna dropped their price objective on shares of Landstar System from $165.00 to $160.00 and set a “neutral” rating for the company in a report on Friday. Stifel Nicolaus reduced their target price on Landstar System from $171.00 to $166.00 and set a “hold” rating for the company in a report on Friday, February 2nd. UBS Group raised their target price on Landstar System from $175.00 to $200.00 and gave the company a “neutral” rating in a report on Friday, February 2nd. Wolfe Research raised Landstar System from a “peer perform” rating to an “outperform” rating and set a $205.00 target price for the company in a report on Wednesday, January 10th. Finally, Benchmark reaffirmed a “hold” rating on shares of Landstar System in a research note on Friday. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Landstar System presently has an average rating of “Hold” and an average price target of $184.09.

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.