Entropy Technologies LP Raises Position in Landstar System, Inc. (NASDAQ:LSTR)

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

Other hedge funds have also modified their holdings of the company. WCM Investment Management LLC grew its stake in Landstar System by 2.9% during the 3rd quarter. WCM Investment Management LLC now owns 160,327 shares of the transportation company’s stock worth $29,970,000 after purchasing an additional 4,558 shares in the last quarter. Versor Investments LP purchased a new stake in shares of Landstar System during the third quarter worth approximately $548,000. 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 valued at $614,000 after acquiring an additional 71 shares in the last quarter. Olympiad Research LP purchased a new position in Landstar System in the third quarter worth approximately $205,000. Finally, QRG Capital Management Inc. acquired a new position in Landstar System during the 3rd quarter worth approximately $207,000. 97.95% of the stock is currently owned by institutional investors and hedge funds.

Landstar System Price Performance

Shares of LSTR opened at $189.80 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.21 and a current ratio of 2.21. Landstar System, Inc. has a fifty-two week low of $165.39 and a fifty-two week high of $201.40. The firm has a 50-day simple moving average of $183.78 and a 200-day simple moving average of $183.31. The company has a market capitalization 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 quarterly earnings data 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). The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.22 billion. Landstar System had a return on equity of 20.68% and a net margin of 4.32%. The firm’s revenue was down 5.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.71 earnings per share. On average, equities research analysts anticipate that Landstar System, Inc. will post 5.61 earnings per share for the current year.

Landstar System Announces Dividend

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

Insiders Place Their Bets

In related news, CFO James P. Todd sold 1,000 shares of Landstar System stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $184.32, for a total value of $184,320.00. Following the sale, the chief financial officer now directly owns 14,083 shares in the company, valued at $2,595,778.56. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on LSTR shares. UBS Group raised their price objective on shares of Landstar System from $184.00 to $186.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Stifel Nicolaus dropped their price objective on Landstar System from $164.00 to $160.00 and set a “hold” rating on the stock in a report on Thursday, August 1st. The Goldman Sachs Group decreased their target price on Landstar System from $165.00 to $158.00 and set a “sell” rating for the company in a research note on Wednesday, October 9th. Susquehanna lowered their target price on shares of Landstar System from $165.00 to $160.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Landstar System from $184.00 to $188.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Landstar System presently has an average rating of “Hold” and a consensus target price of $174.25.

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.