Landstar System, Inc. (NASDAQ:LSTR) Shares Sold by Blair William & Co. IL

Blair William & Co. IL lowered its stake in Landstar System, Inc. (NASDAQ:LSTR) by 1.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,079 shares of the transportation company’s stock after selling 215 shares during the quarter. Blair William & Co. IL owned about 0.05% of Landstar System worth $3,520,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Envestnet Portfolio Solutions Inc. lifted its position in Landstar System by 2.9% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 2,008 shares of the transportation company’s stock valued at $387,000 after buying an additional 57 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Landstar System by 13.8% during the first quarter. EverSource Wealth Advisors LLC now owns 595 shares of the transportation company’s stock worth $115,000 after purchasing an additional 72 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its position in shares of Landstar System by 108.8% during the second quarter. Massmutual Trust Co. FSB ADV now owns 142 shares of the transportation company’s stock worth $26,000 after purchasing an additional 74 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Landstar System by 2.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 2,974 shares of the transportation company’s stock worth $549,000 after purchasing an additional 74 shares in the last quarter. Finally, Studio Investment Management LLC lifted its position in shares of Landstar System by 4.1% during the second quarter. Studio Investment Management LLC now owns 2,155 shares of the transportation company’s stock worth $398,000 after purchasing an additional 84 shares in the last quarter. Institutional investors and hedge funds own 97.95% of the company’s stock.

Landstar System Stock Performance

Shares of Landstar System stock opened at $179.59 on Monday. The firm has a market capitalization of $6.42 billion, a P/E ratio of 27.63 and a beta of 0.80. Landstar System, Inc. has a 52 week low of $161.13 and a 52 week high of $201.40. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.05. The firm’s 50 day moving average is $185.19 and its two-hundred day moving average is $182.72.

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

Landstar System Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 20th were paid a $0.36 dividend. This is a positive change from Landstar System’s previous quarterly dividend of $0.33. This represents a $1.44 annualized dividend and a yield of 0.80%. The ex-dividend date was Tuesday, August 20th. Landstar System’s dividend payout ratio is currently 22.15%.

Analyst Upgrades and Downgrades

LSTR has been the topic of several research reports. Morgan Stanley reduced their price target on shares of Landstar System from $147.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Monday, July 8th. Stifel Nicolaus reduced their price target on shares of Landstar System from $164.00 to $160.00 and set a “hold” rating on the stock in a research report on Thursday, August 1st. JPMorgan Chase & Co. increased their price target on shares of Landstar System from $182.00 to $188.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. TD Cowen increased their price target on shares of Landstar System from $171.00 to $176.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Finally, Evercore ISI increased their price target on shares of Landstar System from $161.00 to $173.00 and gave the stock an “in-line” rating in a research report on Tuesday, June 25th. Twelve equities 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.com, the company currently has an average rating of “Hold” and a consensus target price of $179.73.

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.