Landstar System, Inc. (NASDAQ:LSTR) Shares Bought by Entropy Technologies LP

Entropy Technologies LP increased its position in Landstar System, Inc. (NASDAQ:LSTR) by 70.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,082 shares of the transportation company’s stock after acquiring an additional 2,101 shares during the period. Entropy Technologies LP’s holdings in Landstar System were worth $960,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. grew its holdings in Landstar System by 2.9% in the first 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 last quarter. GAMMA Investing LLC raised its position in Landstar System by 14.1% during the third quarter. GAMMA Investing LLC now owns 568 shares of the transportation company’s stock worth $107,000 after acquiring an additional 70 shares during the last quarter. Equitable Trust Co. lifted its holdings in shares of Landstar System by 2.2% in the third quarter. Equitable Trust Co. now owns 3,250 shares of the transportation company’s stock valued at $614,000 after purchasing an additional 71 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Landstar System by 13.8% in the first quarter. EverSource Wealth Advisors LLC now owns 595 shares of the transportation company’s stock valued at $115,000 after purchasing an additional 72 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its stake in shares of 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. 97.95% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Landstar System

In related news, CFO James P. Todd sold 1,000 shares of Landstar System 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 owns 14,083 shares in the company, valued at $2,595,778.56. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.00% of the stock is owned by corporate insiders.

Landstar System Price Performance

Shares of NASDAQ:LSTR opened at $189.80 on Thursday. The business has a fifty day simple moving average of $183.78 and a 200 day simple moving average of $183.31. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.04. Landstar System, Inc. has a 1 year low of $165.39 and a 1 year high of $201.40. The firm has a market cap of $6.71 billion, a price-to-earnings ratio of 32.56 and a beta of 0.81.

Landstar System (NASDAQ:LSTR) last posted 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). Landstar System had a net margin of 4.32% and a return on equity of 20.68%. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the firm earned $1.71 earnings per share. Landstar System’s revenue was down 5.8% compared to the same quarter last year. As a group, sell-side analysts predict that Landstar System, Inc. will post 5.61 earnings per share for the current fiscal year.

Landstar System Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Susquehanna lowered their target price on Landstar System from $165.00 to $160.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Stephens reduced their price target on Landstar System from $190.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 30th. Evercore ISI lowered their price target on Landstar System from $165.00 to $160.00 and set an “in-line” rating for the company in a report on Wednesday, October 30th. UBS Group lifted their price target on shares of Landstar System from $184.00 to $186.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Finally, Raymond James decreased their price target on shares of Landstar System from $205.00 to $195.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $174.25.

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.