Parkside Financial Bank & Trust Boosts Stock Holdings in Landstar System, Inc. $LSTR

Parkside Financial Bank & Trust grew its stake in shares of Landstar System, Inc. (NASDAQ:LSTR) by 1,320.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,506 shares of the transportation company’s stock after buying an additional 1,400 shares during the period. Parkside Financial Bank & Trust’s holdings in Landstar System were worth $209,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Geneos Wealth Management Inc. boosted its holdings in Landstar System by 132.7% in the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 142 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Landstar System by 118.8% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 280 shares of the transportation company’s stock worth $39,000 after purchasing an additional 152 shares during the period. Hantz Financial Services Inc. lifted its stake in shares of Landstar System by 7,650.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 310 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 306 shares in the last quarter. Brooklyn Investment Group grew its holdings in shares of Landstar System by 352.2% during the 1st quarter. Brooklyn Investment Group now owns 312 shares of the transportation company’s stock worth $47,000 after purchasing an additional 243 shares during the period. Finally, Allworth Financial LP grew its holdings in shares of Landstar System by 58.5% during the 1st quarter. Allworth Financial LP now owns 344 shares of the transportation company’s stock worth $48,000 after purchasing an additional 127 shares during the period. 97.95% of the stock is currently owned by institutional investors and hedge funds.

Landstar System Price Performance

Shares of LSTR stock opened at $130.13 on Monday. The firm has a fifty day simple moving average of $127.64 and a 200-day simple moving average of $133.79. The company has a market capitalization of $4.47 billion, a PE ratio of 33.20 and a beta of 0.83. Landstar System, Inc. has a twelve month low of $119.32 and a twelve month high of $196.86. The company has a current ratio of 2.01, a quick ratio of 2.00 and a debt-to-equity ratio of 0.05.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings data on Tuesday, October 28th. The transportation company reported $1.22 EPS for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.02). The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.21 billion. Landstar System had a return on equity of 17.24% and a net margin of 2.87%.The business’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.41 EPS. Equities research analysts anticipate that Landstar System, Inc. will post 6.1 earnings per share for the current fiscal year.

Landstar System Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 9th. Investors of record on Tuesday, November 18th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, November 18th. This represents a $1.60 dividend on an annualized basis and a yield of 1.2%. Landstar System’s dividend payout ratio is currently 40.82%.

Analyst Ratings Changes

Several research analysts recently commented on LSTR shares. Barclays cut their price target on shares of Landstar System from $135.00 to $130.00 and set an “equal weight” rating on the stock in a report on Thursday, October 30th. Evercore ISI cut their target price on shares of Landstar System from $132.00 to $125.00 and set an “in-line” rating on the stock in a research note on Tuesday, September 30th. JPMorgan Chase & Co. reduced their target price on shares of Landstar System from $138.00 to $134.00 and set a “neutral” rating on the stock in a report on Wednesday, October 29th. Susquehanna decreased their price target on shares of Landstar System from $121.00 to $110.00 and set a “neutral” rating for the company in a research report on Wednesday, October 29th. Finally, Stifel Nicolaus cut their price objective on Landstar System from $130.00 to $127.00 and set a “hold” rating on the stock in a research report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $134.60.

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.