Inspire Investing LLC Purchases 583 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Inspire Investing LLC raised its position in Landstar System, Inc. (NASDAQ:LSTR) by 8.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,549 shares of the transportation company’s stock after buying an additional 583 shares during the period. Inspire Investing LLC’s holdings in Landstar System were worth $1,297,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Trust Co. of Vermont purchased a new stake in shares of Landstar System during the fourth quarter valued at approximately $34,000. Whittier Trust Co. of Nevada Inc. increased its position in shares of Landstar System by 431.3% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 441 shares of the transportation company’s stock valued at $83,000 after purchasing an additional 358 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Landstar System by 14.1% during the 3rd quarter. GAMMA Investing LLC now owns 568 shares of the transportation company’s stock worth $107,000 after purchasing an additional 70 shares during the period. Point72 DIFC Ltd purchased a new position in shares of Landstar System in the 2nd quarter worth about $106,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Landstar System during the second quarter valued at about $131,000. Institutional investors own 97.95% of the company’s stock.

Analysts Set New Price Targets

LSTR has been the topic of several research reports. TD Cowen lowered their price objective on shares of Landstar System from $176.00 to $174.00 and set a “hold” rating on the stock in a research report on Wednesday, October 30th. Raymond James downgraded Landstar System from an “outperform” rating to a “market perform” rating in a research note on Friday, November 15th. Susquehanna decreased their target price on Landstar System from $165.00 to $160.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Stifel Nicolaus upped their price target on Landstar System from $164.00 to $169.00 and gave the company a “hold” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. increased their price target on Landstar System from $184.00 to $188.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating and twelve have given a hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $172.27.

Insider Activity at Landstar System

In other Landstar System news, CFO James P. Todd sold 1,000 shares of Landstar System stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $184.32, for a total transaction of $184,320.00. Following the completion of the sale, the chief financial officer now directly owns 14,083 shares in the company, valued at $2,595,778.56. The trade was a 6.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.00% of the stock is owned by corporate insiders.

Landstar System Trading Down 0.7 %

Shares of LSTR opened at $176.17 on Friday. Landstar System, Inc. has a twelve month low of $164.04 and a twelve month high of $200.43. The stock has a market cap of $6.22 billion, a PE ratio of 30.22 and a beta of 0.83. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.04. The business’s 50-day moving average price is $178.44 and its 200-day moving average price is $182.34.

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

Landstar System Increases Dividend

The firm also recently disclosed a special dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th were given a $2.00 dividend. The ex-dividend date was Tuesday, January 7th. This is an increase from Landstar System’s previous special dividend of $1.50. Landstar System’s dividend payout ratio (DPR) 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.