Charles Schwab Investment Management Inc. Grows Stock Position in Landstar System, Inc. (NASDAQ:LSTR)

Charles Schwab Investment Management Inc. increased its stake in shares of Landstar System, Inc. (NASDAQ:LSTR) by 0.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 362,652 shares of the transportation company’s stock after purchasing an additional 948 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Landstar System were worth $68,494,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of LSTR. Bayesian Capital Management LP acquired a new position in shares of Landstar System during the first quarter worth about $219,000. B. Riley Wealth Advisors Inc. grew its holdings in Landstar System by 72.1% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 2,554 shares of the transportation company’s stock worth $452,000 after acquiring an additional 1,070 shares in the last quarter. Tidal Investments LLC increased its position in shares of Landstar System by 125.4% in the 1st quarter. Tidal Investments LLC now owns 12,796 shares of the transportation company’s stock valued at $2,467,000 after purchasing an additional 7,118 shares during the last quarter. Comerica Bank raised its holdings in shares of Landstar System by 18.5% in the 1st quarter. Comerica Bank now owns 31,154 shares of the transportation company’s stock valued at $6,005,000 after purchasing an additional 4,853 shares in the last quarter. Finally, Cetera Advisors LLC lifted its position in shares of Landstar System by 9.4% during the 1st quarter. Cetera Advisors LLC now owns 1,811 shares of the transportation company’s stock worth $349,000 after purchasing an additional 156 shares during the last quarter. Hedge funds and other institutional investors own 97.95% of the company’s stock.

Landstar System Price Performance

Shares of NASDAQ:LSTR opened at $186.30 on Friday. Landstar System, Inc. has a one year low of $165.39 and a one year high of $201.40. The stock has a market capitalization of $6.58 billion, a price-to-earnings ratio of 31.96 and a beta of 0.81. The company has a 50-day simple moving average of $184.11 and a 200-day simple moving average of $183.62. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.21 and a current ratio of 2.21.

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

Landstar System Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 19th will be given a $0.36 dividend. The ex-dividend date is Tuesday, November 19th. This represents a $1.44 dividend on an annualized basis and a yield of 0.77%. Landstar System’s dividend payout ratio (DPR) is 24.70%.

Analysts Set New Price Targets

A number of research firms have weighed in on LSTR. Stifel Nicolaus cut their price target 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. JPMorgan Chase & Co. raised their target price on Landstar System from $184.00 to $188.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. 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 note on Friday, November 1st. Raymond James lowered shares of Landstar System from an “outperform” rating to a “market perform” rating in a research note on Friday, November 15th. Finally, The Goldman Sachs Group lowered their target price on shares of Landstar System from $165.00 to $158.00 and set a “sell” rating for the company in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating and twelve have given a hold rating to the company’s stock. According to data from MarketBeat.com, Landstar System presently has a consensus rating of “Hold” and an average target price of $174.25.

Insider Buying and Selling at Landstar System

In other news, CFO James P. Todd sold 1,000 shares of Landstar System stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $184.32, for a total value of $184,320.00. Following the sale, the chief financial officer now owns 14,083 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.75% of the stock is currently owned by corporate insiders.

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.