Wesbanco Bank Inc. Acquires 1,002 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Wesbanco Bank Inc. raised its holdings in shares of Landstar System, Inc. (NASDAQ:LSTR) by 34.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,890 shares of the transportation company’s stock after purchasing an additional 1,002 shares during the quarter. Wesbanco Bank Inc.’s holdings in Landstar System were worth $669,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC lifted its stake in shares of Landstar System by 22.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 17,077 shares of the transportation company’s stock worth $2,935,000 after buying an additional 3,150 shares during the last quarter. Genesis Private Wealth LLC acquired a new stake in Landstar System during the fourth quarter worth approximately $277,000. Roberts Wealth Advisors LLC boosted its holdings in shares of Landstar System by 1.3% during the fourth quarter. Roberts Wealth Advisors LLC now owns 4,616 shares of the transportation company’s stock worth $818,000 after acquiring an additional 60 shares during the period. Trust Co. of Vermont acquired a new position in shares of Landstar System in the fourth quarter valued at approximately $34,000. Finally, Harbor Capital Advisors Inc. increased its stake in shares of Landstar System by 1.3% during the fourth quarter. Harbor Capital Advisors Inc. now owns 8,865 shares of the transportation company’s stock worth $1,524,000 after purchasing an additional 114 shares during the period. 97.95% of the stock is owned by institutional investors.

Insider Buying and Selling at Landstar System

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

Landstar System Trading Down 0.7 %

Shares of LSTR stock opened at $176.17 on Friday. 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, Inc. has a fifty-two week low of $164.04 and a fifty-two week high of $200.43. The company has a market cap of $6.22 billion, a PE ratio of 30.22 and a beta of 0.83. The stock’s fifty day moving average price is $178.44 and its two-hundred day moving average price is $182.34.

Landstar System (NASDAQ:LSTR) last released its earnings results 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 business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.22 billion. Landstar System had a net margin of 4.32% and a return on equity of 20.68%. The business’s revenue was down 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.71 EPS. Equities analysts predict that Landstar System, Inc. will post 5.57 EPS for the current fiscal year.

Landstar System Increases Dividend

The business also recently disclosed a special dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th were paid a $2.00 dividend. This is an increase from Landstar System’s previous special dividend of $1.50. The ex-dividend date was Tuesday, January 7th. Landstar System’s dividend payout ratio is presently 24.70%.

Wall Street Analyst Weigh In

LSTR has been the subject of several recent research reports. Stifel Nicolaus boosted their price target on Landstar System from $164.00 to $169.00 and gave the company a “hold” rating in a research note on Thursday. Evercore ISI decreased their price target on shares of Landstar System from $165.00 to $160.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 30th. The Goldman Sachs Group lowered their price target on shares of Landstar System from $165.00 to $158.00 and set a “sell” rating on the stock in a research report on Wednesday, October 9th. Susquehanna cut 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, November 1st. Finally, Stephens lowered their target price on shares of Landstar System from $190.00 to $180.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $172.27.

About Landstar System

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.