Blue Trust Inc. Purchases 695 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Blue Trust Inc. increased its position in Landstar System, Inc. (NASDAQ:LSTR) by 64.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,774 shares of the transportation company’s stock after acquiring an additional 695 shares during the quarter. Blue Trust Inc.’s holdings in Landstar System were worth $327,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Mather Group LLC. bought a new stake in Landstar System during the first quarter valued at about $27,000. Massmutual Trust Co. FSB ADV grew its holdings in Landstar System by 108.8% during the second quarter. Massmutual Trust Co. FSB ADV now owns 142 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 74 shares during the period. Quest Partners LLC bought a new stake in Landstar System during the second quarter valued at about $73,000. Fidelis Capital Partners LLC bought a new stake in Landstar System during the first quarter valued at about $86,000. Finally, GAMMA Investing LLC grew its holdings in Landstar System by 58.1% during the second quarter. GAMMA Investing LLC now owns 498 shares of the transportation company’s stock valued at $92,000 after purchasing an additional 183 shares during the period. Institutional investors own 97.95% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on LSTR shares. Wolfe Research lowered Landstar System from an “outperform” rating to a “peer perform” rating in a report on Thursday, July 11th. Morgan Stanley cut their price target on Landstar System from $147.00 to $145.00 and set an “equal weight” rating for the company in a report on Monday, July 8th. Evercore ISI cut their price target on Landstar System from $167.00 to $165.00 and set an “in-line” rating for the company in a report on Thursday, October 3rd. The Goldman Sachs Group lowered their price objective 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. Finally, JPMorgan Chase & Co. boosted their price objective on Landstar System from $182.00 to $188.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $177.25.

Landstar System Trading Down 1.2 %

Shares of NASDAQ LSTR opened at $180.03 on Thursday. The business’s 50 day moving average is $184.17 and its two-hundred day moving average is $182.49. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.17 and a quick ratio of 2.17. Landstar System, Inc. has a 1-year low of $161.13 and a 1-year high of $201.40. The stock has a market capitalization of $6.44 billion, a P/E ratio of 27.70 and a beta of 0.80.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.02. The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Landstar System had a return on equity of 21.69% and a net margin of 4.49%. The firm’s revenue for the quarter was down 10.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.85 earnings per share. As a group, research analysts expect that Landstar System, Inc. will post 5.85 EPS for the current year.

Landstar System Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 20th were paid a dividend of $0.36 per share. This is a boost from Landstar System’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.80%. Landstar System’s dividend payout ratio is currently 22.15%.

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.