RBF Capital LLC Has $882,000 Holdings in Landstar System, Inc. $LSTR

RBF Capital LLC decreased its holdings in Landstar System, Inc. (NASDAQ:LSTR) by 45.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 5,500 shares of the transportation company’s stock after selling 4,500 shares during the period. RBF Capital LLC’s holdings in Landstar System were worth $882,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of LSTR. M&T Bank Corp raised its position in Landstar System by 151,424.4% during the 4th quarter. M&T Bank Corp now owns 6,294,325 shares of the transportation company’s stock worth $904,495,000 after purchasing an additional 6,290,171 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Landstar System by 185.5% during the 4th quarter. AQR Capital Management LLC now owns 987,087 shares of the transportation company’s stock worth $141,844,000 after buying an additional 641,319 shares during the period. Millennium Management LLC grew its position in shares of Landstar System by 910.2% in the 4th quarter. Millennium Management LLC now owns 541,880 shares of the transportation company’s stock valued at $77,868,000 after buying an additional 488,238 shares during the last quarter. Bank of Montreal Can grew its position in shares of Landstar System by 5,643.4% in the 4th quarter. Bank of Montreal Can now owns 386,758 shares of the transportation company’s stock valued at $55,577,000 after buying an additional 380,024 shares during the last quarter. Finally, Corient Private Wealth LLC increased its stake in shares of Landstar System by 99.5% in the fourth quarter. Corient Private Wealth LLC now owns 742,215 shares of the transportation company’s stock valued at $105,877,000 after buying an additional 370,253 shares during the period. 97.95% of the stock is currently owned by institutional investors and hedge funds.

More Landstar System News

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

• Positive Sentiment: Landstar reported second-quarter revenue of $1.432 billion, up 18.2% year over year and above the $1.34 billion consensus estimate. Stronger truck rates, load growth and higher business capacity-owner utilization supported the results. Landstar System Reports Second Quarter Revenue and EPS
• Positive Sentiment: Management’s second-quarter call highlighted pricing power, suggesting Landstar has been able to maintain or improve freight rates despite industry conditions. Earnings of $1.44 per share also exceeded the $1.42 Zacks estimate and rose from $1.20 a year earlier. Landstar Q2 Call Shows Pricing Power
• 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 confidence in cash generation and shareholder returns. Landstar Posts Strong Q2 Results and Raises Dividend
• Neutral Sentiment: JPMorgan raised its price target from $198 to $204 but retained a neutral rating, while Robert W. Baird maintained an outperform rating despite lowering its target from $225 to $215. The revisions imply analysts see upside but remain cautious about valuation and execution.
• Negative Sentiment: Reported EPS of $1.44 was below the broader analyst consensus of $1.49, even though it beat the lower Zacks estimate. The earnings shortfall likely outweighed the revenue beat for some investors, particularly with the stock trading at a relatively elevated P/E ratio. Landstar Q2 Earnings and Revenue Results

Insider Buying and Selling

In other news, CFO James P. Todd sold 1,200 shares of Landstar System stock in a transaction on 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 sale, the chief financial officer owned 15,122 shares in the company, valued at $3,299,166.74. The trade was a 7.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Diana M. Murphy sold 11,246 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $221.28, for a total transaction of $2,488,514.88. Following the transaction, the director owned 18,853 shares in the company, valued at $4,171,791.84. The trade was a 37.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.74% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

LSTR has been the subject of a number of analyst reports. Robert W. Baird lowered their price objective on Landstar System from $225.00 to $215.00 and set an “outperform” rating for the company in a research report on Wednesday. Barclays increased their target price on shares of Landstar System from $155.00 to $190.00 and gave the company an “equal weight” rating in a research report on Thursday, June 25th. The Goldman Sachs Group raised their price target on shares of Landstar System from $147.00 to $168.00 and gave the stock a “sell” rating in a report on Thursday, July 16th. Evercore set a $181.00 price target on shares of Landstar System in a research report on Wednesday, April 29th. Finally, Truist Financial upped their price objective on shares of Landstar System from $190.00 to $205.00 and gave the company a “hold” rating in a research note on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $194.62.

Landstar System Stock Down 4.0%

Shares of NASDAQ:LSTR opened at $177.83 on Thursday. The company has a market capitalization of $6.03 billion, a price-to-earnings ratio of 46.07 and a beta of 0.89. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.88 and a quick ratio of 1.88. The business’s 50-day moving average is $208.26 and its 200-day moving average is $178.01. Landstar System, Inc. has a 1 year low of $119.32 and a 1 year high of $228.46.

Landstar System (NASDAQ:LSTR) last announced its earnings results on Tuesday, July 28th. The transportation company reported $1.44 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.05). Landstar System had a net margin of 2.64% and a return on equity of 20.90%. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the previous year, the company earned $1.20 EPS. The firm’s revenue for the quarter was up 18.2% on a year-over-year basis. Equities research analysts predict that Landstar System, Inc. will post 5.73 earnings per share for the current year.

Landstar System announced that its board has authorized a stock repurchase plan on Tuesday, April 28th that authorizes the company to repurchase 1,115,195,000,000 shares. This repurchase authorization authorizes the transportation company to purchase up to 3.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Landstar System Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Tuesday, August 18th will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Tuesday, August 18th. This is a positive change from Landstar System’s previous quarterly dividend of $0.40. Landstar System’s dividend payout ratio (DPR) is currently 44.20%.

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.