Landstar System, Inc. $LSTR Shares Bought by WINTON GROUP Ltd

WINTON GROUP Ltd boosted its holdings in shares of Landstar System, Inc. (NASDAQ:LSTR) by 42.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,708 shares of the transportation company’s stock after buying an additional 2,605 shares during the quarter. WINTON GROUP Ltd’s holdings in Landstar System were worth $1,251,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Alps Advisors Inc. lifted its holdings in Landstar System by 69.8% during the 3rd quarter. Alps Advisors Inc. now owns 94,863 shares of the transportation company’s stock worth $11,626,000 after buying an additional 38,992 shares in the last quarter. CWM LLC lifted its holdings in Landstar System by 196.5% during the 4th quarter. CWM LLC now owns 6,149 shares of the transportation company’s stock worth $884,000 after buying an additional 4,075 shares in the last quarter. Jensen Investment Management Inc. acquired a new stake in Landstar System during the 3rd quarter worth approximately $766,000. Fenimore Asset Management Inc increased its position in shares of Landstar System by 42.5% in the 4th quarter. Fenimore Asset Management Inc now owns 486,165 shares of the transportation company’s stock valued at $69,862,000 after purchasing an additional 145,035 shares during the last quarter. Finally, Gotham Asset Management LLC raised its holdings in shares of Landstar System by 65.0% in the 3rd quarter. Gotham Asset Management LLC now owns 260,252 shares of the transportation company’s stock valued at $31,896,000 after purchasing an additional 102,524 shares in the last quarter. 97.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Diana M. Murphy sold 11,246 shares of the company’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $221.28, for a total value of $2,488,514.88. Following the completion of the sale, the director owned 18,853 shares in the company, valued at $4,171,791.84. This represents a 37.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.74% of the stock is currently owned by company insiders.

Landstar System Stock Up 3.4%

Landstar System stock opened at $225.37 on Tuesday. The company has a market capitalization of $7.65 billion, a P/E ratio of 62.26 and a beta of 0.88. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.88 and a current ratio of 1.88. Landstar System, Inc. has a fifty-two week low of $119.32 and a fifty-two week high of $228.46. The stock has a 50-day simple moving average of $182.52 and a 200-day simple moving average of $159.96.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.05. Landstar System had a return on equity of 19.49% and a net margin of 2.62%.The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter last year, the business posted $0.95 EPS. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. Equities research analysts expect that Landstar System, Inc. will post 5.57 earnings per share for the current year.

Landstar System declared that its board has approved a share repurchase plan on Tuesday, April 28th that allows the company to repurchase 1,115,195,000,000 outstanding shares. This repurchase authorization allows the transportation company to repurchase up to 3.3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Landstar System Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 9th. Stockholders of record on Tuesday, May 19th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, May 19th. Landstar System’s payout ratio is presently 44.20%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Morgan Stanley boosted their target price on shares of Landstar System from $135.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Monday, May 11th. Wall Street Zen cut Landstar System from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. UBS Group lifted their price target on Landstar System from $147.00 to $185.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. JPMorgan Chase & Co. upped their price objective on Landstar System from $161.00 to $179.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Finally, Susquehanna increased their price objective on Landstar System from $185.00 to $195.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Landstar System currently has an average rating of “Hold” and a consensus target price of $183.00.

Landstar System Company Profile

Landstar System, Inc provides integrated transportation management solutions through a network of independent agents and third-party capacity providers. The company specializes in truckload brokerage, intermodal, air and ocean freight, expedited and heavy-haul services, along with value-added offerings such as cargo insurance, customs brokerage and supply chain management. Landstar’s proprietary technology platform enables real-time load matching, shipment tracking and data analytics to optimize fleet utilization and improve customer service.

Founded in 1968 and headquartered in Jacksonville, Florida, Landstar pioneered an asset-light brokerage model that has evolved into a global logistics operation.