Aptus Capital Advisors LLC Has $4.59 Million Holdings in Landstar System, Inc. (NASDAQ:LSTR)

Aptus Capital Advisors LLC lifted its holdings in Landstar System, Inc. (NASDAQ:LSTR) by 15.3% during the 3rd quarter, Holdings Channel reports. The fund owned 24,290 shares of the transportation company’s stock after acquiring an additional 3,222 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Landstar System were worth $4,588,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Landstar System by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 3,480,039 shares of the transportation company’s stock worth $670,812,000 after acquiring an additional 25,387 shares in the last quarter. Sei Investments Co. lifted its holdings in Landstar System by 17.9% during the 1st quarter. Sei Investments Co. now owns 72,248 shares of the transportation company’s stock worth $13,926,000 after buying an additional 10,978 shares in the last quarter. Tidal Investments LLC lifted its holdings in Landstar System by 125.4% during the 1st quarter. Tidal Investments LLC now owns 12,796 shares of the transportation company’s stock worth $2,467,000 after buying an additional 7,118 shares in the last quarter. Comerica Bank lifted its holdings in Landstar System by 18.5% during the 1st quarter. Comerica Bank now owns 31,154 shares of the transportation company’s stock worth $6,005,000 after buying an additional 4,853 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its holdings in Landstar System by 362.6% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 4,145 shares of the transportation company’s stock worth $765,000 after buying an additional 3,249 shares in the last quarter. 97.95% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Landstar System news, CFO James P. Todd sold 1,000 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $184.32, for a total transaction of $184,320.00. Following the completion of the transaction, the chief financial officer now owns 14,083 shares in the company, valued at approximately $2,595,778.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.75% of the company’s stock.

Landstar System Price Performance

LSTR opened at $190.30 on Wednesday. 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, Inc. has a 12 month low of $165.39 and a 12 month high of $201.40. The company has a fifty day simple moving average of $183.51 and a 200 day simple moving average of $183.17. The stock has a market cap of $6.72 billion, a P/E ratio of 32.64 and a beta of 0.81.

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 firm 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%. Landstar System’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter last year, the company posted $1.71 EPS. On average, research analysts expect that Landstar System, Inc. will post 5.61 EPS for the current year.

Landstar System Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 19th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Tuesday, November 19th. Landstar System’s dividend payout ratio (DPR) is presently 24.70%.

Analyst Ratings Changes

Several research analysts have issued reports on LSTR shares. Susquehanna reduced their price objective on Landstar System from $165.00 to $160.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Evercore ISI dropped their target price on shares of 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. TD Cowen dropped their target price on shares of Landstar System from $176.00 to $174.00 and set a “hold” rating for the company in a research report on Wednesday, October 30th. Stifel Nicolaus dropped their target price on shares of Landstar System from $164.00 to $160.00 and set a “hold” rating for the company in a research report on Thursday, August 1st. Finally, The Goldman Sachs Group dropped their target price 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. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $174.25.

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.