Raymond James Trust N.A. Sells 83 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Raymond James Trust N.A. lessened its position in shares of Landstar System, Inc. (NASDAQ:LSTR) by 3.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,207 shares of the transportation company’s stock after selling 83 shares during the period. Raymond James Trust N.A.’s holdings in Landstar System were worth $417,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of LSTR. Massmutual Trust Co. FSB ADV increased its holdings in shares of Landstar System by 108.8% in the second quarter. Massmutual Trust Co. FSB ADV now owns 142 shares of the transportation company’s stock worth $26,000 after purchasing an additional 74 shares during the period. Mather Group LLC. increased its stake in Landstar System by 183.5% in the 2nd quarter. Mather Group LLC. now owns 394 shares of the transportation company’s stock worth $76,000 after acquiring an additional 255 shares during the last quarter. Quest Partners LLC purchased a new stake in shares of Landstar System in the 2nd quarter valued at about $73,000. Whittier Trust Co. of Nevada Inc. boosted 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 acquiring an additional 358 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Landstar System by 58.1% during the second quarter. GAMMA Investing LLC now owns 498 shares of the transportation company’s stock worth $92,000 after purchasing an additional 183 shares in the last quarter. 97.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on LSTR. UBS Group raised their target price on shares of Landstar System from $184.00 to $186.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Stephens dropped their price objective on shares of Landstar System from $190.00 to $180.00 and set an “equal weight” rating for the company in a report on Wednesday, October 30th. Susquehanna reduced their target price on Landstar System from $165.00 to $160.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Benchmark reaffirmed a “hold” rating on shares of Landstar System in a research note on Wednesday, July 31st. Finally, Raymond James lowered Landstar System from an “outperform” rating to a “market perform” rating in a research report on Friday, November 15th. One investment analyst has rated the stock with a sell rating and twelve have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, Landstar System presently has an average rating of “Hold” and a consensus target price of $174.25.

Landstar System Stock Up 1.4 %

Shares of Landstar System stock opened at $187.74 on Wednesday. The company’s 50 day moving average price is $183.93 and its 200-day moving average price is $183.56. Landstar System, Inc. has a 52-week low of $165.39 and a 52-week high of $201.40. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.21 and a current ratio of 2.21. The stock has a market capitalization of $6.63 billion, a price-to-earnings ratio of 32.20 and a beta of 0.81.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings data on Tuesday, October 29th. The transportation company reported $1.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.04). The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.71 EPS. Equities research analysts forecast that Landstar System, Inc. will post 5.57 EPS for the current year.

Landstar System Announces Dividend

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

Insider Activity

In related news, CFO James P. Todd sold 1,000 shares of Landstar System stock in a transaction on 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 in the company, valued at $2,595,778.56. The trade was a 6.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.00% of the company’s stock.

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.