Genesis Private Wealth LLC Takes $277,000 Position in Landstar System, Inc. (NASDAQ:LSTR)

Genesis Private Wealth LLC bought a new position in shares of Landstar System, Inc. (NASDAQ:LSTR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,611 shares of the transportation company’s stock, valued at approximately $277,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its holdings in shares of Landstar System by 6.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 594,895 shares of the transportation company’s stock worth $109,743,000 after buying an additional 37,020 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its position in Landstar System by 15.6% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 5,541 shares of the transportation company’s stock valued at $1,022,000 after acquiring an additional 747 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in Landstar System by 17.9% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,214 shares of the transportation company’s stock worth $224,000 after buying an additional 184 shares during the period. Pacer Advisors Inc. grew its stake in shares of Landstar System by 2.7% during the second quarter. Pacer Advisors Inc. now owns 7,402 shares of the transportation company’s stock valued at $1,366,000 after acquiring an additional 198 shares in the last quarter. Finally, Evergreen Capital Management LLC purchased a new position in Landstar System in the second quarter valued at about $301,000. 97.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. upped their target price on Landstar System from $184.00 to $188.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group reduced their price objective on shares of Landstar System from $165.00 to $158.00 and set a “sell” rating on the stock in a research note on Wednesday, October 9th. TD Cowen decreased their price objective on shares of Landstar System from $176.00 to $174.00 and set a “hold” rating for the company in a report on Wednesday, October 30th. Susquehanna reduced their price target on shares of Landstar System from $165.00 to $160.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Finally, Evercore ISI decreased their price target on Landstar System from $165.00 to $160.00 and set an “in-line” rating for the company in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating and twelve have issued a hold rating to the company’s stock. According to data from MarketBeat, Landstar System has a consensus rating of “Hold” and a consensus price target of $171.45.

Landstar System Trading Up 1.9 %

Shares of NASDAQ LSTR opened at $177.49 on Wednesday. Landstar System, Inc. has a 12-month low of $164.04 and a 12-month high of $200.43. The company has a market cap of $6.27 billion, a price-to-earnings ratio of 30.44 and a beta of 0.83. 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’s 50 day simple moving average is $178.94 and its 200 day simple moving average is $182.39.

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

Landstar System Increases Dividend

The company also recently declared a special dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th were paid a $2.00 dividend. The ex-dividend date of this dividend was Tuesday, January 7th. This is a positive change from Landstar System’s previous special dividend of $1.50. Landstar System’s dividend payout ratio (DPR) is presently 24.70%.

Insider Buying and Selling at Landstar System

In other news, CFO James P. Todd sold 1,000 shares of the stock in a transaction on 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 approximately $2,595,778.56. This represents a 6.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.75% of the stock is owned by company insiders.

Landstar System 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.