Coldstream Capital Management Inc. Has $2.18 Million Position in Landstar System, Inc. (NASDAQ:LSTR)

Coldstream Capital Management Inc. boosted its holdings in shares of Landstar System, Inc. (NASDAQ:LSTR) by 4.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 11,552 shares of the transportation company’s stock after acquiring an additional 520 shares during the period. Coldstream Capital Management Inc.’s holdings in Landstar System were worth $2,182,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in LSTR. Verition Fund Management LLC boosted its position in shares of Landstar System by 28.1% in the 3rd quarter. Verition Fund Management LLC now owns 59,005 shares of the transportation company’s stock worth $11,144,000 after purchasing an additional 12,931 shares during the last quarter. ING Groep NV bought a new position in Landstar System during the third quarter worth about $1,228,000. Point72 Asia Singapore Pte. Ltd. grew its position in shares of Landstar System by 419.3% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,682 shares of the transportation company’s stock worth $695,000 after buying an additional 2,973 shares during the period. Thrivent Financial for Lutherans increased its stake in shares of Landstar System by 3,775.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 334,853 shares of the transportation company’s stock valued at $63,243,000 after acquiring an additional 326,212 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Landstar System in the 3rd quarter valued at approximately $1,190,000. Institutional investors own 97.95% of the company’s stock.

Wall Street Analyst Weigh In

LSTR has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Landstar System from $184.00 to $188.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. 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 report on Wednesday, October 30th. UBS Group raised their price objective on Landstar System from $184.00 to $186.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Susquehanna decreased their target price on Landstar System from $165.00 to $160.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Finally, The Goldman Sachs Group dropped their price target on Landstar System from $165.00 to $158.00 and set a “sell” rating on the stock in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $174.25.

Insider Activity at Landstar System

In other Landstar System news, CFO James P. Todd sold 1,000 shares of the company’s stock in a transaction 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 directly owns 14,083 shares of the company’s stock, valued at approximately $2,595,778.56. This represents a 6.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.75% of the company’s stock.

Landstar System Price Performance

Shares of LSTR opened at $188.09 on Wednesday. The company has a 50 day moving average of $184.25 and a 200-day moving average of $183.82. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $6.65 billion, a P/E ratio of 32.26 and a beta of 0.82. Landstar System, Inc. has a twelve month low of $165.39 and a twelve month high of $201.40.

Landstar System (NASDAQ:LSTR) last released its earnings results on Tuesday, October 29th. The transportation company reported $1.41 earnings per share 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 the consensus estimate of $1.22 billion. During the same period last year, the business posted $1.71 EPS. The firm’s revenue for the quarter was down 5.8% on a year-over-year basis. As a group, equities research analysts forecast that Landstar System, Inc. will post 5.57 EPS for the current fiscal year.

Landstar System Increases Dividend

The business also recently announced a special dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th will be issued a dividend of $2.00 per share. This is a positive change from Landstar System’s previous special dividend of $1.50. Landstar System’s dividend payout ratio 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.