Landstar System, Inc. $LSTR Shares Sold by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. decreased its holdings in shares of Landstar System, Inc. (NASDAQ:LSTR) by 47.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,507 shares of the transportation company’s stock after selling 18,629 shares during the quarter. Vestmark Advisory Solutions Inc. owned about 0.06% of Landstar System worth $2,851,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of LSTR. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Landstar System by 8.5% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,083,704 shares of the transportation company’s stock worth $613,372,000 after buying an additional 319,101 shares in the last quarter. Nuveen LLC acquired a new position in shares of Landstar System during the 1st quarter worth approximately $34,540,000. Reinhart Partners LLC. grew its position in shares of Landstar System by 49.2% in the second quarter. Reinhart Partners LLC. now owns 426,033 shares of the transportation company’s stock valued at $59,229,000 after purchasing an additional 140,500 shares in the last quarter. Northern Trust Corp grew its position in shares of Landstar System by 9.1% in the first quarter. Northern Trust Corp now owns 734,256 shares of the transportation company’s stock valued at $110,285,000 after purchasing an additional 61,477 shares in the last quarter. Finally, Boston Trust Walden Corp lifted its position in Landstar System by 20.9% during the second quarter. Boston Trust Walden Corp now owns 330,218 shares of the transportation company’s stock worth $45,907,000 after buying an additional 56,998 shares in the last quarter. 97.95% of the stock is currently owned by institutional investors and hedge funds.

Landstar System Price Performance

LSTR stock opened at $130.13 on Friday. The business’s fifty day moving average price is $127.64 and its 200 day moving average price is $133.82. Landstar System, Inc. has a 12-month low of $119.32 and a 12-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. The company has a market capitalization of $4.47 billion, a PE ratio of 33.20 and a beta of 0.83.

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

Landstar System Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have issued reports on LSTR. Barclays dropped their target price on Landstar System from $135.00 to $130.00 and set an “equal weight” rating for the company in a report on Thursday, October 30th. JPMorgan Chase & Co. cut their price objective on shares of Landstar System from $138.00 to $134.00 and set a “neutral” rating for the company in a research report on Wednesday, October 29th. Evercore ISI decreased 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 report on Tuesday, September 30th. UBS Group cut their price target on shares of Landstar System from $149.00 to $147.00 and set a “neutral” rating for the company in a report on Wednesday, October 29th. Finally, Stifel Nicolaus reduced their price target on shares of 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 research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Landstar System 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.