WINTON GROUP Ltd bought a new position in shares of Landstar System, Inc. (NASDAQ:LSTR) in the third quarter, reports. The fund bought 3,511 shares of the transportation company’s stock, valued at approximately $428,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Synovus Financial Corp lifted its holdings in shares of Landstar System by 115.5% during the third quarter. Synovus Financial Corp now owns 1,110 shares of the transportation company’s stock worth $134,000 after buying an additional 595 shares in the last quarter. Culbertson A N & Co. Inc. acquired a new position in Landstar System in the third quarter valued at about $207,000. Hartford Investment Management Co. acquired a new position in Landstar System in the second quarter valued at about $208,000. NumerixS Investment Technologies Inc raised its stake in Landstar System by 216.7% in the second quarter. NumerixS Investment Technologies Inc now owns 1,900 shares of the transportation company’s stock valued at $209,000 after purchasing an additional 1,300 shares in the last quarter. Finally, United Capital Management of KS Inc. acquired a new position in Landstar System in the third quarter valued at about $221,000.

Shares of NASDAQ LSTR opened at $106.28 on Tuesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.94 and a quick ratio of 1.94. The stock has a market cap of $4.34 billion, a price-to-earnings ratio of 28.34, a price-to-earnings-growth ratio of 1.28 and a beta of 1.11. Landstar System, Inc. has a 12 month low of $95.15 and a 12 month high of $128.70.

Landstar System (NASDAQ:LSTR) last issued its earnings results on Wednesday, October 24th. The transportation company reported $1.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.60 by $0.03. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. Landstar System had a return on equity of 33.82% and a net margin of 5.61%. On average, sell-side analysts predict that Landstar System, Inc. will post 6.09 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Tuesday, November 13th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.62%. The ex-dividend date is Friday, November 9th. Landstar System’s payout ratio is 17.60%.

A number of research firms recently commented on LSTR. ValuEngine raised Landstar System from a “hold” rating to a “buy” rating in a research note on Tuesday, September 11th. BidaskClub downgraded Landstar System from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 14th. Wolfe Research downgraded Landstar System from a “peer perform” rating to an “underperform” rating in a research note on Friday, October 5th. Wells Fargo & Co raised Landstar System from a “market perform” rating to an “outperform” rating and dropped their price target for the company from $115.65 to $98.00 in a research note on Wednesday, August 22nd. Finally, Cowen reaffirmed a “market perform” rating and issued a $113.00 price target (up previously from $108.00) on shares of Landstar System in a research note on Thursday, July 26th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. Landstar System has an average rating of “Hold” and an average target price of $117.00.

In other Landstar System news, COO Joseph J. Beacom sold 3,000 shares of the business’s stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $119.52, for a total transaction of $358,560.00. Following the completion of the transaction, the chief operating officer now owns 33,702 shares of the company’s stock, valued at $4,028,063.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.90% of the stock is currently owned by insiders.

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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, including third party logistics and less-than-truckload service providers.

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

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