395 Shares in Landstar System, Inc. (NASDAQ:LSTR) Acquired by Quest Partners LLC

Quest Partners LLC bought a new position in Landstar System, Inc. (NASDAQ:LSTR) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 395 shares of the transportation company’s stock, valued at approximately $73,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV grew its position in shares of Landstar System by 108.8% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 142 shares of the transportation company’s stock worth $26,000 after buying an additional 74 shares during the period. Mather Group LLC. acquired a new stake in Landstar System in the first quarter worth $27,000. Fidelis Capital Partners LLC bought a new stake in Landstar System in the first quarter valued at $86,000. GAMMA Investing LLC raised its holdings in shares of Landstar System by 58.1% during the second quarter. GAMMA Investing LLC now owns 498 shares of the transportation company’s stock valued at $92,000 after purchasing an additional 183 shares during the period. Finally, Principal Securities Inc. bought a new position in shares of Landstar System during the 4th quarter worth about $107,000. 97.95% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LSTR has been the subject of a number of research analyst reports. Evercore ISI boosted their target price on Landstar System from $161.00 to $173.00 and gave the company an “in-line” rating in a research report on Tuesday, June 25th. Raymond James cut their target price on Landstar System from $205.00 to $195.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. Wolfe Research lowered shares of Landstar System from an “outperform” rating to a “peer perform” rating in a research note on Thursday, July 11th. Susquehanna raised their price objective on shares of Landstar System from $160.00 to $165.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Finally, Stifel Nicolaus decreased their target price on shares of Landstar System from $164.00 to $160.00 and set a “hold” rating for the company in a research report on Thursday, August 1st. Twelve research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Landstar System presently has an average rating of “Hold” and a consensus target price of $179.73.

Landstar System Stock Performance

Shares of Landstar System stock opened at $184.12 on Wednesday. The business’s fifty day simple moving average is $184.95 and its 200 day simple moving average is $182.77. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.05. Landstar System, Inc. has a 12 month low of $161.13 and a 12 month high of $201.40. The firm has a market capitalization of $6.58 billion, a P/E ratio of 28.33 and a beta of 0.80.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings results on Tuesday, July 30th. The transportation company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.02. Landstar System had a net margin of 4.49% and a return on equity of 21.69%. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the previous year, the firm earned $1.85 EPS. The firm’s quarterly revenue was down 10.8% on a year-over-year basis. As a group, analysts anticipate that Landstar System, Inc. will post 5.87 EPS for the current year.

Landstar System Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 20th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend was Tuesday, August 20th. This is a boost from Landstar System’s previous quarterly dividend of $0.33. Landstar System’s payout ratio is 22.15%.

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.