Sei Investments Co. Buys 17,186 Shares of Landstar System, Inc. $LSTR

Sei Investments Co. boosted its stake in Landstar System, Inc. (NASDAQ:LSTR) by 22.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,369 shares of the transportation company’s stock after acquiring an additional 17,186 shares during the quarter. Sei Investments Co.’s holdings in Landstar System were worth $14,965,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. CWM LLC boosted its position in Landstar System by 196.5% during the 4th quarter. CWM LLC now owns 6,149 shares of the transportation company’s stock valued at $884,000 after acquiring an additional 4,075 shares in the last quarter. Fenimore Asset Management Inc raised its position in shares of Landstar System by 42.5% in the 4th quarter. Fenimore Asset Management Inc now owns 486,165 shares of the transportation company’s stock worth $69,862,000 after acquiring an additional 145,035 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Landstar System by 673.0% in the 4th quarter. SG Americas Securities LLC now owns 21,157 shares of the transportation company’s stock worth $3,040,000 after acquiring an additional 18,420 shares in the last quarter. Norges Bank purchased a new stake in shares of Landstar System during the 4th quarter worth $35,280,000. Finally, Manatuck Hill Partners LLC purchased a new stake in shares of Landstar System during the 4th quarter worth $862,000. Institutional investors own 97.95% of the company’s stock.

Landstar System News Roundup

Here are the key news stories impacting Landstar System this week:

• Positive Sentiment: Zacks upgraded Landstar to a Rank #2 (Buy), citing growing optimism about the company’s earnings outlook. Landstar upgraded to Buy
• Positive Sentiment: Landstar’s second-quarter results showed strong year-over-year improvement: revenue increased 18.2% to approximately $1.43 billion, supported by stronger truck rates, load growth and higher business capacity-owner utilization. The earnings call also highlighted pricing power. Landstar Q2 earnings Landstar Q2 call
• Positive Sentiment: Landstar raised its quarterly dividend 10% to $0.44 per share, payable September 9 to shareholders of record August 18. The increase signals continued confidence in cash generation, though the dividend yield is approximately 1%. Landstar dividend announcement
• Neutral Sentiment: JPMorgan raised its price target to $204 from $198 while maintaining a Neutral rating. The target implies meaningful upside from recent levels, but the unchanged rating suggests limited conviction in near-term outperformance. JPMorgan Landstar price target
• Negative Sentiment: Quarterly adjusted EPS of $1.44 was below the $1.49 consensus estimate despite the revenue beat, which may be weighing on the shares. Robert W. Baird also reduced its price target to $215 from $225, although it retained an Outperform rating. Baird Landstar price target

Wall Street Analyst Weigh In

Several equities analysts have issued reports on LSTR shares. Barclays lifted their target price on Landstar System from $155.00 to $190.00 and gave the company an “equal weight” rating in a research note on Thursday, June 25th. The Goldman Sachs Group increased their price target on shares of Landstar System from $147.00 to $168.00 and gave the company a “sell” rating in a research report on Thursday, July 16th. Wells Fargo & Company raised their price target on shares of Landstar System from $200.00 to $240.00 and gave the company an “overweight” rating in a report on Friday, June 5th. Morgan Stanley reaffirmed an “underweight” rating and issued a $145.00 price objective on shares of Landstar System in a research report on Monday, July 6th. Finally, Weiss Ratings upgraded shares of Landstar System from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $194.62.

Insiders Place Their Bets

In other Landstar System news, Director Diana M. Murphy sold 11,246 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $221.28, for a total transaction of $2,488,514.88. Following the sale, the director owned 18,853 shares in the company, valued at approximately $4,171,791.84. The trade was a 37.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO James P. Todd sold 1,200 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $218.17, for a total value of $261,804.00. Following the completion of the transaction, the chief financial officer directly owned 15,122 shares in the company, valued at $3,299,166.74. This represents a 7.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.74% of the company’s stock.

Landstar System Stock Down 4.8%

LSTR stock opened at $169.34 on Friday. The firm has a 50 day moving average of $207.83 and a 200 day moving average of $178.10. The stock has a market capitalization of $5.75 billion, a PE ratio of 43.87 and a beta of 0.89. The company has a quick ratio of 1.88, a current ratio of 1.82 and a debt-to-equity ratio of 0.05. Landstar System, Inc. has a 52 week low of $119.32 and a 52 week high of $228.46.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings results on Tuesday, July 28th. The transportation company reported $1.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.05). The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.34 billion. Landstar System had a net margin of 2.64% and a return on equity of 20.84%. The company’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.20 EPS. Sell-side analysts forecast that Landstar System, Inc. will post 5.76 earnings per share for the current year.

Landstar System Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Tuesday, August 18th will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Tuesday, August 18th. This is a positive change from Landstar System’s previous quarterly dividend of $0.40. Landstar System’s payout ratio is currently 44.20%.

Landstar System announced that its Board of Directors has approved a share buyback plan on Tuesday, April 28th that permits the company to repurchase 1,115,195,000,000 outstanding shares. This repurchase authorization permits the transportation company to buy up to 3.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

About Landstar System

Landstar System, Inc provides integrated transportation management solutions through a network of independent agents and third-party capacity providers. The company specializes in truckload brokerage, intermodal, air and ocean freight, expedited and heavy-haul services, along with value-added offerings such as cargo insurance, customs brokerage and supply chain management. Landstar’s proprietary technology platform enables real-time load matching, shipment tracking and data analytics to optimize fleet utilization and improve customer service.

Founded in 1968 and headquartered in Jacksonville, Florida, Landstar pioneered an asset-light brokerage model that has evolved into a global logistics operation.