Landstar System, Inc. (NASDAQ:LSTR) Shares Sold by Mountain Pacific Investment Advisers Inc. ID

Mountain Pacific Investment Advisers Inc. ID trimmed its position in shares of Landstar System, Inc. (NASDAQ:LSTR) by 0.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 262,907 shares of the transportation company’s stock after selling 862 shares during the quarter. Landstar System accounts for 3.2% of Mountain Pacific Investment Advisers Inc. ID’s investment portfolio, making the stock its 10th largest holding. Mountain Pacific Investment Advisers Inc. ID owned 0.73% of Landstar System worth $50,912,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of LSTR. Larson Financial Group LLC purchased a new position in shares of Landstar System in the 3rd quarter worth about $49,000. GAMMA Investing LLC bought a new position in Landstar System during the fourth quarter valued at approximately $58,000. Cary Street Partners Investment Advisory LLC increased its holdings in shares of Landstar System by 126.0% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 565 shares of the transportation company’s stock worth $100,000 after buying an additional 315 shares during the period. Exchange Traded Concepts LLC increased its stake in Landstar System by 17.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 616 shares of the transportation company’s stock worth $119,000 after purchasing an additional 92 shares during the period. Finally, Blue Trust Inc. lifted its position in Landstar System by 18.7% in the fourth quarter. Blue Trust Inc. now owns 755 shares of the transportation company’s stock valued at $134,000 after purchasing an additional 119 shares during the last quarter. Institutional investors and hedge funds own 97.95% of the company’s stock.

Landstar System Stock Performance

Shares of LSTR stock opened at $177.26 on Friday. The company’s fifty day moving average price is $184.33 and its 200-day moving average price is $183.48. The stock has a market cap of $6.34 billion, a PE ratio of 27.27, a price-to-earnings-growth ratio of 4.51 and a beta of 0.83. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.04. Landstar System, Inc. has a 12 month low of $161.13 and a 12 month high of $208.62.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings data on Wednesday, April 24th. The transportation company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.28 by $0.04. Landstar System had a net margin of 4.63% and a return on equity of 23.17%. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.12 billion. On average, equities analysts expect that Landstar System, Inc. will post 6.71 EPS for the current fiscal year.

Landstar System Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Wednesday, May 8th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.74%. Landstar System’s dividend payout ratio is currently 20.31%.

Insider Activity

In related news, VP Michael K. Kneller sold 12,219 shares of the stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $190.30, for a total transaction of $2,325,275.70. Following the sale, the vice president now directly owns 61,127 shares of the company’s stock, valued at approximately $11,632,468.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on LSTR shares. Susquehanna decreased their target price on shares of Landstar System from $165.00 to $160.00 and set a “neutral” rating on the stock in a research note on Friday. Benchmark restated a “hold” rating on shares of Landstar System in a research report on Friday. UBS Group increased their target price on shares of Landstar System from $175.00 to $200.00 and gave the stock a “neutral” rating in a report on Friday, February 2nd. Wells Fargo & Company raised their target price on Landstar System from $165.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Friday, February 2nd. Finally, Wolfe Research raised Landstar System from a “peer perform” rating to an “outperform” rating and set a $205.00 price target for the company in a research report on Wednesday, January 10th. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $184.09.

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.