BB&T Securities LLC Purchases 4,311 Shares of Landstar System, Inc. (LSTR)

BB&T Securities LLC lifted its position in shares of Landstar System, Inc. (NASDAQ:LSTR) by 34.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,735 shares of the transportation company’s stock after purchasing an additional 4,311 shares during the period. BB&T Securities LLC’s holdings in Landstar System were worth $1,667,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Advisor Group Inc. increased its stake in shares of Landstar System by 64.8% in the second quarter. Advisor Group Inc. now owns 1,523 shares of the transportation company’s stock worth $130,000 after buying an additional 599 shares during the last quarter. IFP Advisors Inc increased its stake in shares of Landstar System by 2.9% in the second quarter. IFP Advisors Inc now owns 1,646 shares of the transportation company’s stock worth $141,000 after buying an additional 47 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Landstar System by 14.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,824 shares of the transportation company’s stock worth $156,000 after buying an additional 224 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Landstar System by 22.9% in the second quarter. PNC Financial Services Group Inc. now owns 2,000 shares of the transportation company’s stock worth $171,000 after buying an additional 373 shares during the last quarter. Finally, BlueCrest Capital Management Ltd bought a new stake in shares of Landstar System in the second quarter worth $202,000. 97.96% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Dr. Homaira Akbari sold 1,000 shares of the business’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $98.30, for a total transaction of $98,300.00. Following the completion of the transaction, the director now owns 6,656 shares of the company’s stock, valued at $654,284.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO James B. Gattoni sold 15,000 shares of the business’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $98.72, for a total transaction of $1,480,800.00. Following the transaction, the chief executive officer now directly owns 69,339 shares of the company’s stock, valued at approximately $6,845,146.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 40,805 shares of company stock valued at $4,028,128. 1.00% of the stock is owned by insiders.

A number of analysts recently issued reports on LSTR shares. BidaskClub upgraded shares of Landstar System from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Cowen restated a “hold” rating and issued a $86.00 price target on shares of Landstar System in a research note on Monday, August 28th. KeyCorp restated a “buy” rating and issued a $110.00 price target on shares of Landstar System in a research note on Tuesday, October 3rd. Wells Fargo & Company lifted their price target on shares of Landstar System from $83.00 to $98.00 and gave the stock a “market perform” rating in a research note on Friday, October 27th. Finally, Morgan Stanley lifted their price target on shares of Landstar System from $68.00 to $73.00 and gave the stock an “underweight” rating in a research note on Thursday, October 5th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Landstar System presently has an average rating of “Hold” and an average price target of $96.67.

Shares of Landstar System, Inc. (NASDAQ:LSTR) opened at $102.60 on Thursday. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.12. Landstar System, Inc. has a 12 month low of $80.00 and a 12 month high of $104.80. The firm has a market cap of $4,284.71, a price-to-earnings ratio of 28.28, a price-to-earnings-growth ratio of 2.06 and a beta of 0.81.

Landstar System (NASDAQ:LSTR) last released its earnings results on Wednesday, October 25th. The transportation company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.05. Landstar System had a net margin of 4.36% and a return on equity of 25.53%. The firm had revenue of $943.40 million during the quarter, compared to analyst estimates of $895.31 million. During the same quarter in the previous year, the firm earned $0.86 earnings per share. The firm’s revenue for the quarter was up 19.7% compared to the same quarter last year. equities research analysts forecast that Landstar System, Inc. will post 3.68 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Tuesday, November 14th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, November 13th. This represents a $0.40 annualized dividend and a yield of 0.39%. Landstar System’s payout ratio is 11.08%.

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Landstar System Profile

Landstar System, Inc (Landstar) is an asset-light provider of integrated transportation management solutions. The Company offers services to its customers across multiple transportation modes, with the ability to arrange for individual shipments of freight to enterprise solutions to manage customer’s transportation needs.

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Institutional Ownership by Quarter for Landstar System (NASDAQ:LSTR)

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