OneDigital Investment Advisors LLC Has $883,000 Stock Position in Landstar System, Inc. (NASDAQ:LSTR)

OneDigital Investment Advisors LLC raised its position in Landstar System, Inc. (NASDAQ:LSTR) by 1.5% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 4,678 shares of the transportation company’s stock after acquiring an additional 68 shares during the period. OneDigital Investment Advisors LLC’s holdings in Landstar System were worth $883,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Landstar System by 0.7% during the first quarter. Vanguard Group Inc. now owns 3,480,039 shares of the transportation company’s stock worth $670,812,000 after acquiring an additional 25,387 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in Landstar System by 2.2% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 32,770 shares of the transportation company’s stock worth $6,311,000 after purchasing an additional 714 shares in the last quarter. Vident Advisory LLC raised its stake in shares of Landstar System by 13.0% in the first quarter. Vident Advisory LLC now owns 19,406 shares of the transportation company’s stock worth $3,741,000 after purchasing an additional 2,226 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of Landstar System in the first quarter valued at approximately $477,000. Finally, Public Employees Retirement System of Ohio boosted its position in shares of Landstar System by 3.7% during the first quarter. Public Employees Retirement System of Ohio now owns 42,971 shares of the transportation company’s stock valued at $8,283,000 after buying an additional 1,540 shares during the last quarter. Institutional investors own 97.95% of the company’s stock.

Wall Street Analysts Forecast Growth

LSTR has been the topic of several recent analyst reports. Raymond James cut Landstar System from an “outperform” rating to a “market perform” rating in a research note on Friday, November 15th. The Goldman Sachs Group cut their price target on shares of Landstar System from $165.00 to $158.00 and set a “sell” rating on the stock in a report on Wednesday, October 9th. Evercore ISI decreased their price objective 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. Stifel Nicolaus dropped their target price on shares of Landstar System from $164.00 to $160.00 and set a “hold” rating on the stock in a research report on Thursday, August 1st. Finally, Stephens reduced their target price on Landstar System from $190.00 to $180.00 and set an “equal weight” rating for the company in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating and twelve have issued a hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $174.25.

Insider Activity at Landstar System

In related news, CFO James P. Todd sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $184.32, for a total transaction of $184,320.00. Following the sale, the chief financial officer now owns 14,083 shares of the company’s stock, valued at approximately $2,595,778.56. This represents a 6.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.75% of the stock is currently owned by corporate insiders.

Landstar System Trading Down 1.3 %

Shares of LSTR opened at $180.41 on Wednesday. The firm has a market cap of $6.37 billion, a P/E ratio of 30.95 and a beta of 0.81. Landstar System, Inc. has a fifty-two week low of $165.39 and a fifty-two week high of $201.40. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.21 and a current ratio of 2.21. The business has a 50-day moving average of $184.01 and a 200 day moving average of $183.56.

Landstar System (NASDAQ:LSTR) last posted its quarterly 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). The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.22 billion. Landstar System had a net margin of 4.32% and a return on equity of 20.68%. The business’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same period last year, the firm earned $1.71 EPS. As a group, research analysts forecast that Landstar System, Inc. will post 5.57 EPS for the current year.

Landstar System Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend is Tuesday, November 19th. Landstar System’s dividend payout ratio (DPR) is presently 24.70%.

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, such as third party logistics and less-than-truckload services.