Landstar System, Inc. (NASDAQ:LSTR) Shares Acquired by Natixis

Natixis increased its holdings in Landstar System, Inc. (NASDAQ:LSTR) by 35.8% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 38,515 shares of the transportation company’s stock after buying an additional 10,157 shares during the period. Natixis’ holdings in Landstar System were worth $4,159,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of Landstar System by 5.2% in the 1st quarter. BlackRock Inc. now owns 5,689,622 shares of the transportation company’s stock valued at $622,387,000 after buying an additional 278,921 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Landstar System by 0.3% in the 1st quarter. JPMorgan Chase & Co. now owns 1,131,576 shares of the transportation company’s stock valued at $123,783,000 after buying an additional 2,896 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Landstar System by 2.4% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 880,115 shares of the transportation company’s stock valued at $96,276,000 after buying an additional 21,023 shares during the period. Schroder Investment Management Group boosted its holdings in shares of Landstar System by 30.6% in the 2nd quarter. Schroder Investment Management Group now owns 878,100 shares of the transportation company’s stock valued at $94,826,000 after buying an additional 205,900 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Landstar System by 27.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 684,082 shares of the transportation company’s stock valued at $73,874,000 after buying an additional 147,056 shares during the period.

A number of research analysts have issued reports on LSTR shares. Cowen reissued a “hold” rating and set a $119.00 target price on shares of Landstar System in a research note on Thursday, July 25th. Wolfe Research raised shares of Landstar System from an “underperform” rating to a “peer perform” rating in a research note on Friday, June 28th. Raymond James raised shares of Landstar System from an “underperform” rating to a “market perform” rating and set a $107.82 target price for the company in a research note on Tuesday, July 2nd. Buckingham Research reduced their target price on shares of Landstar System from $115.00 to $113.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, Credit Suisse Group reduced their target price on shares of Landstar System from $104.00 to $103.00 and set a “neutral” rating for the company in a research note on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $112.17.

Landstar System stock traded down $0.19 during midday trading on Friday, reaching $113.00. 86,286 shares of the stock traded hands, compared to its average volume of 241,490. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.09. The firm has a fifty day moving average price of $110.09 and a two-hundred day moving average price of $108.08. The firm has a market cap of $4.58 billion, a price-to-earnings ratio of 18.28, a PEG ratio of 1.57 and a beta of 1.27. Landstar System, Inc. has a fifty-two week low of $90.23 and a fifty-two week high of $126.60.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings results on Wednesday, July 24th. The transportation company reported $1.53 earnings per share for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.01). The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.07 billion. Landstar System had a return on equity of 36.17% and a net margin of 5.82%. The company’s revenue was down 11.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.51 earnings per share. Analysts anticipate that Landstar System, Inc. will post 6.16 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 12th were paid a $0.185 dividend. This is a positive change from Landstar System’s previous quarterly dividend of $0.17. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend was Friday, August 9th. Landstar System’s dividend payout ratio is currently 11.97%.

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 service providers.

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Institutional Ownership by Quarter for Landstar System (NASDAQ:LSTR)

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