Landstar System, Inc. (NASDAQ:LSTR) Holdings Boosted by Disciplined Growth Investors Inc. MN

Disciplined Growth Investors Inc. MN raised its stake in Landstar System, Inc. (NASDAQ:LSTR) by 3.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 326,921 shares of the transportation company’s stock after acquiring an additional 9,375 shares during the period. Landstar System accounts for about 1.2% of Disciplined Growth Investors Inc. MN’s investment portfolio, making the stock its 27th biggest holding. Disciplined Growth Investors Inc. MN owned about 0.93% of Landstar System worth $61,746,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. OneDigital Investment Advisors LLC boosted its position in Landstar System by 1.5% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 4,678 shares of the transportation company’s stock valued at $883,000 after purchasing an additional 68 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Landstar System by 14.1% during the third quarter. GAMMA Investing LLC now owns 568 shares of the transportation company’s stock valued at $107,000 after acquiring an additional 70 shares during the period. Equitable Trust Co. boosted its holdings in shares of Landstar System by 2.2% during the third quarter. Equitable Trust Co. now owns 3,250 shares of the transportation company’s stock valued at $614,000 after acquiring an additional 71 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of Landstar System by 2.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 2,974 shares of the transportation company’s stock worth $549,000 after acquiring an additional 74 shares during the last quarter. Finally, Caprock Group LLC increased its holdings in shares of Landstar System by 2.3% in the 3rd quarter. Caprock Group LLC now owns 3,378 shares of the transportation company’s stock worth $638,000 after acquiring an additional 77 shares during the period. 97.95% of the stock is owned by institutional investors.

Insider Transactions at Landstar System

In other 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 value of $184,320.00. Following the transaction, the chief financial officer now directly owns 14,083 shares of the company’s stock, valued at $2,595,778.56. This trade represents 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. 0.75% of the stock is owned by insiders.

Landstar System Price Performance

Shares of Landstar System stock opened at $185.49 on Tuesday. Landstar System, Inc. has a 52 week low of $165.39 and a 52 week high of $201.40. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.04. The stock has a market cap of $6.55 billion, a PE ratio of 31.82 and a beta of 0.82. The company’s 50-day moving average price is $184.21 and its two-hundred day moving average price is $183.76.

Landstar System (NASDAQ:LSTR) last released its earnings results on Tuesday, October 29th. The transportation company reported $1.41 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 return on equity of 20.68% and a net margin of 4.32%. The firm’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.71 earnings per share. As a group, sell-side analysts anticipate that Landstar System, Inc. will post 5.57 EPS for the current fiscal year.

Landstar System Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 19th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend is Tuesday, November 19th. Landstar System’s payout ratio is 24.70%.

Analyst Ratings Changes

Several research analysts have commented on LSTR shares. Stephens decreased their target price on shares of Landstar System from $190.00 to $180.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 30th. Evercore ISI reduced their price objective on Landstar System from $165.00 to $160.00 and set an “in-line” rating for the company in a research report on Wednesday, October 30th. Susquehanna lowered their target price on Landstar System from $165.00 to $160.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. TD Cowen cut their target price on Landstar System from $176.00 to $174.00 and set a “hold” rating on the stock in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group decreased their price target on Landstar System from $165.00 to $158.00 and set a “sell” rating for the company in a research note on Wednesday, October 9th. One analyst has rated the stock with a sell rating and twelve have issued a hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $174.25.

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.