Los Angeles Capital Management LLC Buys 24,551 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Los Angeles Capital Management LLC grew its stake in Landstar System, Inc. (NASDAQ:LSTRGet Rating) by 19.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 148,566 shares of the transportation company’s stock after purchasing an additional 24,551 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Landstar System were worth $22,408,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of LSTR. Janney Montgomery Scott LLC bought a new position in shares of Landstar System in the fourth quarter valued at approximately $216,000. Commonwealth Equity Services LLC lifted its holdings in Landstar System by 5.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 1,958 shares of the transportation company’s stock worth $350,000 after acquiring an additional 106 shares during the period. Yousif Capital Management LLC bought a new stake in Landstar System during the fourth quarter worth $3,668,000. Raymond James Trust N.A. lifted its holdings in Landstar System by 25.6% during the fourth quarter. Raymond James Trust N.A. now owns 1,930 shares of the transportation company’s stock worth $346,000 after acquiring an additional 393 shares during the period. Finally, Qube Research & Technologies Ltd lifted its holdings in Landstar System by 280.4% during the fourth quarter. Qube Research & Technologies Ltd now owns 44,128 shares of the transportation company’s stock worth $7,900,000 after acquiring an additional 32,529 shares during the period. Institutional investors own 98.56% of the company’s stock.

Landstar System Price Performance

Shares of NASDAQ LSTR opened at $153.89 on Friday. The stock has a market cap of $5.61 billion, a PE ratio of 12.87, a price-to-earnings-growth ratio of 1.08 and a beta of 0.92. Landstar System, Inc. has a fifty-two week low of $137.15 and a fifty-two week high of $188.63. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 1.54. The stock has a fifty day moving average of $147.92 and a 200-day moving average of $151.69.

Landstar System (NASDAQ:LSTRGet Rating) last announced its quarterly earnings results on Wednesday, July 20th. The transportation company reported $3.05 earnings per share for the quarter, missing the consensus estimate of $3.25 by ($0.20). The company had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $2.02 billion. Landstar System had a net margin of 5.89% and a return on equity of 51.73%. Landstar System’s revenue for the quarter was up 25.7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.40 earnings per share. Equities research analysts anticipate that Landstar System, Inc. will post 11.73 earnings per share for the current year.

Landstar System Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 26th. Stockholders of record on Monday, August 8th will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, August 5th. This is a boost from Landstar System’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a dividend yield of 0.78%. Landstar System’s payout ratio is 8.36%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on LSTR. Cowen dropped their price target on Landstar System to $157.00 in a report on Friday, July 22nd. Wells Fargo & Company dropped their price target on Landstar System from $165.00 to $147.00 and set an “equal weight” rating on the stock in a report on Friday, July 15th. Evercore ISI dropped their price target on Landstar System from $173.00 to $161.00 and set an “in-line” rating on the stock in a report on Tuesday, July 12th. Susquehanna Bancshares decreased their target price on Landstar System from $155.00 to $153.00 and set a “neutral” rating for the company in a research report on Friday, July 22nd. Finally, StockNews.com raised Landstar System from a “hold” rating to a “buy” rating in a research report on Monday, August 1st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $162.08.

About Landstar System

(Get Rating)

Landstar System, Inc provides integrated transportation management solutions in the United States, Canada, Mexico, and internationally. The company 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, small package and less-than-truckload service providers.

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

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