Equitable Trust Co. Has $614,000 Stock Holdings in Landstar System, Inc. (NASDAQ:LSTR)

Equitable Trust Co. increased its stake in shares of Landstar System, Inc. (NASDAQ:LSTR) by 2.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,250 shares of the transportation company’s stock after purchasing an additional 71 shares during the quarter. Equitable Trust Co.’s holdings in Landstar System were worth $614,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in LSTR. Massmutual Trust Co. FSB ADV increased its position in Landstar System by 108.8% during the 2nd 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 in the last quarter. Quest Partners LLC acquired a new position in Landstar System in the 2nd quarter valued at approximately $73,000. Mather Group LLC. increased its position in Landstar System by 183.5% in the 2nd quarter. Mather Group LLC. now owns 394 shares of the transportation company’s stock valued at $76,000 after acquiring an additional 255 shares during the period. Whittier Trust Co. of Nevada Inc. increased its position in Landstar System by 431.3% in 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 period. Finally, GAMMA Investing LLC increased its position in Landstar System by 58.1% in the 2nd quarter. GAMMA Investing LLC now owns 498 shares of the transportation company’s stock valued at $92,000 after acquiring an additional 183 shares during the period. 97.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Landstar System

In other Landstar System news, CFO James P. Todd sold 1,000 shares of the firm’s 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 transaction, the chief financial officer now directly owns 14,083 shares of the company’s stock, valued at approximately $2,595,778.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

LSTR has been the subject of several recent research reports. Stephens decreased their price target 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. Benchmark restated a “hold” rating on shares of Landstar System in a research report on Wednesday, July 31st. The Goldman Sachs Group decreased their price target on shares of Landstar System from $165.00 to $158.00 and set a “sell” rating for the company in a research report on Wednesday, October 9th. Stifel Nicolaus reduced their price objective on shares of Landstar System from $164.00 to $160.00 and set a “hold” rating on the stock in a research note on Thursday, August 1st. Finally, Susquehanna reduced their price objective 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, November 1st. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Landstar System currently has a consensus rating of “Hold” and a consensus price target of $174.25.

Landstar System Stock Up 1.4 %

Shares of NASDAQ LSTR opened at $191.15 on Friday. The firm has a market cap of $6.75 billion, a PE ratio of 32.79 and a beta of 0.81. Landstar System, Inc. has a 12-month low of $165.39 and a 12-month high of $201.40. The company’s fifty day simple moving average is $183.30 and its 200 day simple moving average is $182.98. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.04.

Landstar System (NASDAQ:LSTR) last issued its 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 company had revenue of $1.21 billion for 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 was down 5.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.71 earnings per share. As a group, sell-side analysts forecast that Landstar System, Inc. will post 5.61 earnings per share for the current fiscal year.

Landstar System Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 19th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend is Tuesday, November 19th. Landstar System’s dividend payout ratio (DPR) is 24.70%.

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.