Harel Insurance Investments & Financial Services Ltd. Reduces Holdings in Landstar System, Inc. (NASDAQ:LSTR)

Harel Insurance Investments & Financial Services Ltd. lowered its stake in shares of Landstar System, Inc. (NASDAQ:LSTR) by 19.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 287 shares of the transportation company’s stock after selling 68 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Landstar System were worth $49,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Roberts Wealth Advisors LLC grew its holdings in shares of Landstar System by 1.3% during the 4th quarter. Roberts Wealth Advisors LLC now owns 4,616 shares of the transportation company’s stock worth $818,000 after acquiring an additional 60 shares during the period. OneDigital Investment Advisors LLC grew its stake in Landstar System by 1.5% in the third quarter. OneDigital Investment Advisors LLC now owns 4,678 shares of the transportation company’s stock worth $883,000 after purchasing an additional 68 shares during the period. GAMMA Investing LLC grew its stake in 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 purchasing an additional 70 shares during the period. Equitable Trust Co. raised its holdings in Landstar System by 2.2% in the third quarter. Equitable Trust Co. now owns 3,250 shares of the transportation company’s stock worth $614,000 after purchasing an additional 71 shares in the last quarter. Finally, Caprock Group LLC lifted its position in Landstar System by 2.3% during the third quarter. Caprock Group LLC now owns 3,378 shares of the transportation company’s stock valued at $638,000 after buying an additional 77 shares during the period. 97.95% of the stock is owned by institutional investors.

Landstar System Trading Down 1.8 %

Shares of NASDAQ:LSTR opened at $173.04 on Monday. Landstar System, Inc. has a 1 year low of $164.04 and a 1 year high of $200.16. The stock’s fifty day moving average price is $178.02 and its 200-day moving average price is $182.37. The company has a market cap of $6.11 billion, a P/E ratio of 29.68 and a beta of 0.83. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.21 and a quick ratio of 2.21.

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 the consensus estimate of $1.45 by ($0.04). Landstar System had a net margin of 4.32% and a return on equity of 20.68%. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the company posted $1.71 EPS. Landstar System’s revenue was down 5.8% on a year-over-year basis. Sell-side analysts expect that Landstar System, Inc. will post 5.57 earnings per share for the current year.

Landstar System Increases Dividend

The business also recently announced a special dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th were paid a dividend of $2.00 per share. The ex-dividend date of this dividend was Tuesday, January 7th. This is a positive change from Landstar System’s previous special dividend of $1.50. Landstar System’s payout ratio is currently 24.70%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Evercore ISI decreased their price target on shares of Landstar System from $165.00 to $160.00 and set an “in-line” rating for the company in a research note on Wednesday, October 30th. The Goldman Sachs Group decreased their target price on shares of Landstar System from $165.00 to $158.00 and set a “sell” rating for the company in a research note on Wednesday, October 9th. JPMorgan Chase & Co. boosted their price target on Landstar System from $184.00 to $188.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. TD Cowen reduced their price objective on Landstar System from $176.00 to $174.00 and set a “hold” rating for the company in a research report on Wednesday, October 30th. Finally, Raymond James cut Landstar System from an “outperform” rating to a “market perform” rating in a research note on Friday, November 15th. One research analyst has rated the stock with a sell rating and twelve have given a hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $172.27.

Insider Activity

In other news, CFO James P. Todd sold 1,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $184.32, for a total transaction of $184,320.00. Following the completion of the sale, the chief financial officer now owns 14,083 shares of the company’s stock, valued at $2,595,778.56. This represents a 6.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.00% of the company’s stock.

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.