Dimensional Fund Advisors LP Boosts Stock Position in Landstar System, Inc. (NASDAQ:LSTR)

Dimensional Fund Advisors LP grew its stake in Landstar System, Inc. (NASDAQ:LSTR) by 6.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 594,895 shares of the transportation company’s stock after purchasing an additional 37,020 shares during the period. Dimensional Fund Advisors LP owned approximately 1.66% of Landstar System worth $109,743,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in LSTR. Vanguard Group Inc. lifted its holdings in Landstar System by 0.7% in the first quarter. Vanguard Group Inc. now owns 3,480,039 shares of the transportation company’s stock valued at $670,812,000 after acquiring an additional 25,387 shares during the last quarter. Quantbot Technologies LP lifted its holdings in Landstar System by 415.1% in the first quarter. Quantbot Technologies LP now owns 5,223 shares of the transportation company’s stock valued at $1,007,000 after acquiring an additional 4,209 shares during the last quarter. Van ECK Associates Corp lifted its holdings in Landstar System by 36.5% in the first quarter. Van ECK Associates Corp now owns 16,177 shares of the transportation company’s stock valued at $3,118,000 after acquiring an additional 4,327 shares during the last quarter. Sei Investments Co. lifted its holdings in Landstar System by 17.9% in the first quarter. Sei Investments Co. now owns 72,248 shares of the transportation company’s stock valued at $13,926,000 after acquiring an additional 10,978 shares during the last quarter. Finally, Tidal Investments LLC lifted its holdings in Landstar System by 125.4% in the first quarter. Tidal Investments LLC now owns 12,796 shares of the transportation company’s stock valued at $2,467,000 after acquiring an additional 7,118 shares during the last quarter. 97.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on LSTR. Benchmark restated a “hold” rating on shares of Landstar System in a research note on Wednesday, July 31st. JPMorgan Chase & Co. upped their price target on Landstar System from $182.00 to $188.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Wolfe Research cut Landstar System from an “outperform” rating to a “peer perform” rating in a research note on Thursday, July 11th. TD Cowen upped their price target on Landstar System from $171.00 to $176.00 and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Finally, Stifel Nicolaus reduced their price objective on Landstar System from $164.00 to $160.00 and set a “hold” rating on the stock in a research note on Thursday, August 1st. Twelve equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $179.73.

Landstar System Stock Performance

NASDAQ:LSTR opened at $182.29 on Tuesday. The firm has a market capitalization of $6.52 billion, a PE ratio of 28.04 and a beta of 0.80. The business’s fifty day moving average price is $185.15 and its 200 day moving average price is $182.68. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.17 and a quick ratio of 2.17. Landstar System, Inc. has a 12 month low of $161.13 and a 12 month high of $201.40.

Landstar System (NASDAQ:LSTR) last posted its 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 firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.25 billion. Landstar System had a return on equity of 21.69% and a net margin of 4.49%. Landstar System’s revenue for the quarter was down 10.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.85 earnings per share. On average, sell-side analysts anticipate that Landstar System, Inc. will post 5.87 earnings per share for the current fiscal year.

Landstar System Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 20th were issued a dividend of $0.36 per share. This is a positive change from Landstar System’s previous quarterly dividend of $0.33. The ex-dividend date was Tuesday, August 20th. This represents a $1.44 annualized dividend and a dividend yield of 0.79%. Landstar System’s dividend payout ratio (DPR) is presently 22.15%.

Landstar System Company 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.