GSA Capital Partners LLP Takes $453,000 Position in Landstar System, Inc. (NASDAQ:LSTR)

GSA Capital Partners LLP purchased a new stake in shares of Landstar System, Inc. (NASDAQ:LSTR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,401 shares of the transportation company’s stock, valued at approximately $453,000.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Landstar System by 0.7% during the first quarter. Vanguard Group Inc. now owns 3,480,039 shares of the transportation company’s stock valued at $670,812,000 after acquiring an additional 25,387 shares during the period. Victory Capital Management Inc. lifted its stake in Landstar System by 6.2% in the second quarter. Victory Capital Management Inc. now owns 1,697,093 shares of the transportation company’s stock valued at $313,080,000 after buying an additional 99,461 shares during the period. Boston Partners lifted its stake in Landstar System by 1.0% in the first quarter. Boston Partners now owns 1,586,286 shares of the transportation company’s stock valued at $305,671,000 after buying an additional 15,424 shares during the period. Dimensional Fund Advisors LP lifted its stake in Landstar System by 6.6% in the second quarter. Dimensional Fund Advisors LP now owns 594,895 shares of the transportation company’s stock valued at $109,743,000 after buying an additional 37,020 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its stake in Landstar System by 2.5% in the first quarter. Jacobs Levy Equity Management Inc. now owns 429,315 shares of the transportation company’s stock valued at $82,755,000 after buying an additional 10,538 shares during the period. Institutional investors and hedge funds own 97.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on LSTR shares. Stifel Nicolaus cut their target price on Landstar System from $164.00 to $160.00 and set a “hold” rating on the stock in a research note on Thursday, August 1st. Benchmark reaffirmed a “hold” rating on shares of Landstar System in a research report on Wednesday, July 31st. Evercore ISI dropped 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 decreased their price objective on Landstar System from $165.00 to $160.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. increased their price objective on Landstar System from $184.00 to $188.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating and twelve have given a hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $174.25.

Insider Activity

In other news, CFO James P. Todd sold 1,000 shares of Landstar System stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $184.32, for a total value of $184,320.00. Following the transaction, the chief financial officer now owns 14,083 shares in the company, valued at approximately $2,595,778.56. This trade represents a 6.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Landstar System Price Performance

Shares of NASDAQ LSTR opened at $179.38 on Thursday. The stock has a market capitalization of $6.34 billion, a PE ratio of 30.77 and a beta of 0.81. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.21 and a quick ratio of 2.21. The business has a fifty day moving average price of $183.98 and a two-hundred day moving average price of $183.56. Landstar System, Inc. has a fifty-two week low of $165.39 and a fifty-two week high of $201.40.

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

Landstar System Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th will be paid a $0.36 dividend. The ex-dividend date is Tuesday, November 19th. This represents a $1.44 annualized dividend and a dividend yield of 0.80%. Landstar System’s payout ratio is 24.70%.

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.