2,000 Shares in Landstar System, Inc. (NASDAQ:LSTR) Bought by nVerses Capital LLC

nVerses Capital LLC purchased a new stake in shares of Landstar System, Inc. (NASDAQ:LSTR) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,000 shares of the transportation company’s stock, valued at approximately $378,000.

Several other large investors have also made changes to their positions in the business. Envestnet Portfolio Solutions Inc. raised its stake in Landstar System by 2.9% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 2,008 shares of the transportation company’s stock valued at $387,000 after purchasing an additional 57 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Landstar System by 14.1% in the third quarter. GAMMA Investing LLC now owns 568 shares of the transportation company’s stock worth $107,000 after buying an additional 70 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Landstar System by 13.8% during the first quarter. EverSource Wealth Advisors LLC now owns 595 shares of the transportation company’s stock worth $115,000 after acquiring an additional 72 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its stake in Landstar System by 108.8% during the second quarter. Massmutual Trust Co. FSB ADV now owns 142 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 74 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in Landstar System by 2.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 2,974 shares of the transportation company’s stock valued at $549,000 after acquiring an additional 74 shares during the last quarter. 97.95% of the stock is currently owned by hedge funds and other institutional investors.

Landstar System Stock Performance

Shares of Landstar System stock opened at $187.03 on Friday. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.05. The stock’s fifty day moving average is $184.40 and its two-hundred day moving average is $182.68. Landstar System, Inc. has a 52 week low of $161.13 and a 52 week high of $201.40. The company has a market capitalization of $6.69 billion, a PE ratio of 28.77 and a beta of 0.80.

Landstar System (NASDAQ:LSTR) last issued its earnings results on Tuesday, July 30th. The transportation company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.02. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.25 billion. Landstar System had a net margin of 4.49% and a return on equity of 21.69%. The business’s revenue was down 10.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.85 earnings per share. As a group, analysts expect that Landstar System, Inc. will post 5.85 earnings per share for the current year.

Landstar System Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 20th were paid a $0.36 dividend. This is an increase from Landstar System’s previous quarterly dividend of $0.33. This represents a $1.44 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date was Tuesday, August 20th. Landstar System’s dividend payout ratio is currently 22.15%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Benchmark reissued a “hold” rating on shares of Landstar System in a 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 on the stock in a research note on Wednesday, October 9th. JPMorgan Chase & Co. increased their price target on shares of Landstar System from $182.00 to $188.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Stifel Nicolaus reduced their price objective on 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, TD Cowen lifted their target price on Landstar System from $171.00 to $176.00 and gave the stock a “hold” rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Landstar System has an average rating of “Hold” and an average price target of $177.25.

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.