Trivium Point Advisory LLC Purchases New Position in Landstar System, Inc. $LSTR

Trivium Point Advisory LLC acquired a new position in Landstar System, Inc. (NASDAQ:LSTR) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 49,410 shares of the transportation company’s stock, valued at approximately $10,219,000. Landstar System accounts for about 0.9% of Trivium Point Advisory LLC’s holdings, making the stock its 28th largest position.

Several other institutional investors and hedge funds also recently bought and sold shares of LSTR. Elevation Wealth Partners LLC raised its holdings in Landstar System by 41.8% during the 2nd quarter. Elevation Wealth Partners LLC now owns 224 shares of the transportation company’s stock valued at $46,000 after acquiring an additional 66 shares during the period. First Citizens Bank & Trust Co. lifted its position in shares of Landstar System by 1.5% during the first quarter. First Citizens Bank & Trust Co. now owns 4,710 shares of the transportation company’s stock worth $755,000 after acquiring an additional 68 shares in the last quarter. Petros Family Wealth LLC boosted its holdings in shares of Landstar System by 4.9% in the first quarter. Petros Family Wealth LLC now owns 1,548 shares of the transportation company’s stock worth $248,000 after acquiring an additional 73 shares during the period. CIBC Private Wealth Group LLC boosted its holdings in shares of Landstar System by 29.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 342 shares of the transportation company’s stock worth $49,000 after acquiring an additional 78 shares during the period. Finally, SkyView Investment Advisors LLC grew its position in shares of Landstar System by 1.4% in the fourth quarter. SkyView Investment Advisors LLC now owns 6,388 shares of the transportation company’s stock valued at $918,000 after purchasing an additional 89 shares in the last quarter. 97.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on LSTR shares. Zacks Research upgraded Landstar System from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. Truist Financial increased their target price on shares of Landstar System from $190.00 to $205.00 and gave the stock a “hold” rating in a research note on Wednesday, July 15th. The Goldman Sachs Group boosted their price target on shares of Landstar System from $147.00 to $168.00 and gave the company a “sell” rating in a research report on Thursday, July 16th. TD Cowen lowered their price objective on Landstar System from $182.00 to $178.00 and set a “hold” rating on the stock in a research report on Tuesday, July 28th. Finally, Stifel Nicolaus boosted their target price on Landstar System from $186.00 to $197.00 and gave the stock a “hold” rating in a research report on Wednesday, July 29th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Landstar System presently has a consensus rating of “Hold” and an average price target of $196.00.

Insider Buying and Selling

In other Landstar System news, Director Diana M. Murphy sold 11,246 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $221.28, for a total transaction of $2,488,514.88. Following the transaction, the director directly owned 18,853 shares in the company, valued at $4,171,791.84. This trade represents a 37.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO James P. Todd sold 1,200 shares of Landstar System stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $218.17, for a total transaction of $261,804.00. Following the transaction, the chief financial officer directly owned 15,122 shares in the company, valued at $3,299,166.74. This trade represents a 7.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.74% of the stock is owned by company insiders.

Landstar System Stock Performance

Shares of LSTR stock opened at $190.19 on Monday. The business has a 50-day moving average price of $202.08 and a two-hundred day moving average price of $180.17. Landstar System, Inc. has a 12-month low of $119.32 and a 12-month high of $228.46. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.05. The firm has a market cap of $6.46 billion, a P/E ratio of 49.27 and a beta of 0.90.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings data on Tuesday, July 28th. The transportation company reported $1.44 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.05). The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.34 billion. Landstar System had a net margin of 2.64% and a return on equity of 20.84%. Landstar System’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.20 earnings per share. Equities analysts anticipate that Landstar System, Inc. will post 5.84 EPS for the current fiscal year.

Landstar System Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Tuesday, August 18th will be paid a $0.44 dividend. This is an increase from Landstar System’s previous quarterly dividend of $0.40. This represents a $1.76 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, August 18th. Landstar System’s payout ratio is currently 41.45%.

Landstar System declared that its Board of Directors has approved a share repurchase program on Tuesday, April 28th that allows the company to repurchase 1,115,195,000,000 outstanding shares. This repurchase authorization allows the transportation company to reacquire up to 3.3% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Landstar System Profile

Landstar System, Inc provides integrated transportation management solutions through a network of independent agents and third-party capacity providers. The company specializes in truckload brokerage, intermodal, air and ocean freight, expedited and heavy-haul services, along with value-added offerings such as cargo insurance, customs brokerage and supply chain management. Landstar’s proprietary technology platform enables real-time load matching, shipment tracking and data analytics to optimize fleet utilization and improve customer service.

Founded in 1968 and headquartered in Jacksonville, Florida, Landstar pioneered an asset-light brokerage model that has evolved into a global logistics operation.