Vanguard Personalized Indexing Management LLC Raises Stock Position in Landstar System, Inc. (NASDAQ:LSTR)

Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Landstar System, Inc. (NASDAQ:LSTR) by 15.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,541 shares of the transportation company’s stock after purchasing an additional 747 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Landstar System were worth $1,022,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its position in Landstar System by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 3,480,039 shares of the transportation company’s stock valued at $670,812,000 after buying an additional 25,387 shares during the period. Quantbot Technologies LP grew its stake in Landstar System by 415.1% during the 1st quarter. Quantbot Technologies LP now owns 5,223 shares of the transportation company’s stock worth $1,007,000 after purchasing an additional 4,209 shares in the last quarter. Van ECK Associates Corp increased its holdings in Landstar System by 36.5% during the 1st quarter. Van ECK Associates Corp now owns 16,177 shares of the transportation company’s stock worth $3,118,000 after purchasing an additional 4,327 shares during the period. Sei Investments Co. raised its position in Landstar System by 17.9% in the 1st quarter. Sei Investments Co. now owns 72,248 shares of the transportation company’s stock valued at $13,926,000 after purchasing an additional 10,978 shares in the last quarter. Finally, Tidal Investments LLC boosted its stake in shares of Landstar System by 125.4% in the 1st quarter. Tidal Investments LLC now owns 12,796 shares of the transportation company’s stock valued at $2,467,000 after buying an additional 7,118 shares during the period. Hedge funds and other institutional investors own 97.95% of the company’s stock.

Landstar System Stock Performance

Shares of LSTR stock opened at $182.29 on Tuesday. The stock’s 50-day moving average price is $185.15 and its 200 day moving average price is $182.68. 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 stock has a market capitalization of $6.52 billion, a PE ratio of 28.04 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.

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

Landstar System Increases Dividend

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

Wall Street Analyst Weigh In

Several research firms have commented on LSTR. Susquehanna boosted their price target on shares of Landstar System from $160.00 to $165.00 and gave the stock a “neutral” rating in a report 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. Stifel Nicolaus lowered their price objective on Landstar System from $164.00 to $160.00 and set a “hold” rating for the company in a research report on Thursday, August 1st. Morgan Stanley cut their target price on 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. Finally, Evercore ISI upped their price target on Landstar System from $161.00 to $173.00 and gave the company an “in-line” rating in a report on Tuesday, June 25th. Twelve analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, Landstar System presently has a consensus rating of “Hold” and an average target price of $179.73.

About Landstar System

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.