Landstar System, Inc. $LSTR Shares Purchased by Callan Family Office LLC

Callan Family Office LLC boosted its position in Landstar System, Inc. (NASDAQ:LSTR) by 1,018.5% in the second quarter, HoldingsChannel.com reports. The firm owned 37,939 shares of the transportation company’s stock after purchasing an additional 34,547 shares during the quarter. Callan Family Office LLC’s holdings in Landstar System were worth $5,274,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in LSTR. Alpine Bank Wealth Management acquired a new stake in Landstar System in the first quarter worth approximately $25,000. Geneos Wealth Management Inc. boosted its stake in shares of Landstar System by 132.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the transportation company’s stock worth $37,000 after acquiring an additional 142 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Landstar System by 118.8% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 280 shares of the transportation company’s stock worth $39,000 after acquiring an additional 152 shares in the last quarter. Golden State Wealth Management LLC boosted its stake in shares of Landstar System by 106.2% during the 1st quarter. Golden State Wealth Management LLC now owns 299 shares of the transportation company’s stock worth $45,000 after acquiring an additional 154 shares in the last quarter. Finally, Brooklyn Investment Group boosted its stake 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 acquiring an additional 243 shares in the last quarter. 97.95% of the stock is currently owned by institutional investors and hedge funds.

Landstar System Price Performance

Shares of NASDAQ:LSTR opened at $124.13 on Friday. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.06. Landstar System, Inc. has a 1 year low of $119.32 and a 1 year high of $196.86. The business has a fifty day simple moving average of $128.33 and a 200 day simple moving average of $135.52. The firm has a market cap of $4.30 billion, a price-to-earnings ratio of 26.02 and a beta of 0.82.

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

Landstar System Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 9th. Investors of record on Tuesday, August 19th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Tuesday, August 19th. Landstar System’s dividend payout ratio (DPR) is currently 33.54%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Robert W. Baird assumed coverage on Landstar System in a research note on Tuesday, July 1st. They set an “outperform” rating and a $166.00 price objective for the company. Barclays reduced their price objective on Landstar System from $145.00 to $135.00 and set an “equal weight” rating for the company in a research note on Thursday, October 2nd. Susquehanna set a $123.00 price objective on Landstar System and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. Stifel Nicolaus reduced their price objective on Landstar System from $131.00 to $130.00 and set a “hold” rating for the company in a research note on Friday, October 3rd. Finally, JPMorgan Chase & Co. reduced their price objective on Landstar System from $147.00 to $138.00 and set a “neutral” rating for the company in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Landstar System presently has an average rating of “Hold” and a consensus price target of $142.36.

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.