Zions Bancorporation acquired a new stake in shares of Landstar System, Inc. (NASDAQ:LSTR) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,678 shares of the transportation company’s stock, valued at approximately $167,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Advisor Group Inc. lifted its stake in shares of Landstar System by 64.8% in the second quarter. Advisor Group Inc. now owns 1,523 shares of the transportation company’s stock worth $130,000 after buying an additional 599 shares in the last quarter. IFP Advisors Inc lifted its stake in shares of Landstar System by 2.9% in the second quarter. IFP Advisors Inc now owns 1,646 shares of the transportation company’s stock worth $141,000 after buying an additional 47 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Landstar System by 14.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,824 shares of the transportation company’s stock worth $156,000 after buying an additional 224 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Landstar System by 22.9% in the second quarter. PNC Financial Services Group Inc. now owns 2,000 shares of the transportation company’s stock worth $171,000 after buying an additional 373 shares in the last quarter. Finally, BlueCrest Capital Management Ltd purchased a new position in shares of Landstar System in the second quarter worth about $202,000. 97.96% of the stock is currently owned by institutional investors and hedge funds.

In related news, VP Michael K. Kneller sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $99.00, for a total transaction of $990,000.00. Following the completion of the sale, the vice president now directly owns 22,153 shares in the company, valued at $2,193,147. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO James B. Gattoni sold 15,000 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $98.72, for a total transaction of $1,480,800.00. Following the sale, the chief executive officer now owns 69,339 shares of the company’s stock, valued at $6,845,146.08. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,805 shares of company stock valued at $4,028,128. 1.00% of the stock is owned by company insiders.

Several research firms have recently weighed in on LSTR. BidaskClub raised shares of Landstar System from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 5th. Buckingham Research began coverage on shares of Landstar System in a research note on Friday, October 20th. They issued a “neutral” rating and a $103.00 price target on the stock. Cowen reissued a “hold” rating and issued a $86.00 price target on shares of Landstar System in a research note on Monday, August 28th. Zacks Investment Research raised shares of Landstar System from a “hold” rating to a “buy” rating and set a $111.00 price target on the stock in a research note on Tuesday, October 10th. Finally, KeyCorp reissued a “buy” rating and issued a $110.00 price target on shares of Landstar System in a research note on Tuesday, October 3rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Landstar System has a consensus rating of “Hold” and an average target price of $96.67.

Shares of Landstar System, Inc. (NASDAQ:LSTR) opened at $104.50 on Thursday. Landstar System, Inc. has a 12-month low of $80.00 and a 12-month high of $107.60. The stock has a market cap of $4,364.44, a PE ratio of 28.81, a P/E/G ratio of 2.10 and a beta of 0.81. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.96 and a current ratio of 1.96.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings data on Wednesday, October 25th. The transportation company reported $1.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.05. Landstar System had a net margin of 4.36% and a return on equity of 25.53%. The firm had revenue of $943.40 million during the quarter, compared to analysts’ expectations of $895.31 million. During the same period last year, the business earned $0.86 earnings per share. Landstar System’s revenue was up 19.7% compared to the same quarter last year. analysts predict that Landstar System, Inc. will post 3.68 EPS for the current year.

The company also recently disclosed a special dividend, which will be paid on Friday, January 26th. Investors of record on Friday, January 12th will be given a dividend of $1.50 per share. This is a boost from Landstar System’s previous special dividend of $1.00. Landstar System’s dividend payout ratio (DPR) is presently 11.08%.

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Landstar System Profile

Landstar System, Inc (Landstar) is an asset-light provider of integrated transportation management solutions. The Company offers services to its customers across multiple transportation modes, with the ability to arrange for individual shipments of freight to enterprise solutions to manage customer’s transportation needs.

Institutional Ownership by Quarter for Landstar System (NASDAQ:LSTR)

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