Yousif Capital Management LLC Cuts Holdings in Landstar System, Inc. $LSTR

Yousif Capital Management LLC reduced its position in Landstar System, Inc. (NASDAQ:LSTR) by 2.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,541 shares of the transportation company’s stock after selling 296 shares during the quarter. Yousif Capital Management LLC’s holdings in Landstar System were worth $1,743,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in LSTR. Alpine Bank Wealth Management purchased a new position in shares of Landstar System in the 1st quarter worth $25,000. Geneos Wealth Management Inc. raised its position in shares of Landstar System by 132.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the transportation company’s stock worth $37,000 after buying an additional 142 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its position 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 buying an additional 152 shares during the period. Golden State Wealth Management LLC raised its position in shares of Landstar System by 106.2% in the 1st quarter. Golden State Wealth Management LLC now owns 299 shares of the transportation company’s stock worth $45,000 after buying an additional 154 shares during the period. Finally, Brooklyn Investment Group raised its position in Landstar System by 352.2% in the first quarter. Brooklyn Investment Group now owns 312 shares of the transportation company’s stock valued at $47,000 after purchasing an additional 243 shares during the period. 97.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on LSTR shares. Baird R W raised Landstar System to a “strong-buy” rating in a research report on Tuesday, July 1st. Zacks Research raised Landstar System from a “strong sell” rating to a “hold” rating in a research report on Monday, September 8th. JPMorgan Chase & Co. cut their price objective on Landstar System from $147.00 to $138.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 8th. UBS Group cut their price objective on Landstar System from $154.00 to $149.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 30th. Finally, Susquehanna set a $123.00 price objective on Landstar System and gave the company a “neutral” rating in a research report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $142.36.

Landstar System Stock Down 0.6%

Shares of NASDAQ LSTR opened at $130.08 on Monday. Landstar System, Inc. has a 1 year low of $119.32 and a 1 year high of $196.86. The firm has a market cap of $4.51 billion, a price-to-earnings ratio of 27.27 and a beta of 0.82. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.00 and a current ratio of 2.00. The stock’s 50-day simple moving average is $128.19 and its 200-day simple moving average is $134.63.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.04. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.21 billion. Landstar System had a return on equity of 17.49% and a net margin of 3.51%.The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period last year, the firm earned $1.48 earnings per share. As a group, equities analysts anticipate that Landstar System, Inc. will post 6.1 earnings per share for the current fiscal year.

Landstar System Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 9th. Investors of record on Tuesday, August 19th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Tuesday, August 19th. Landstar System’s dividend payout ratio (DPR) is 33.54%.

About Landstar System

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.