Landstar System, Inc. (NASDAQ:LSTR) Holdings Lowered by Sepio Capital LP

Sepio Capital LP cut its stake in Landstar System, Inc. (NASDAQ:LSTR) by 0.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,765 shares of the transportation company’s stock after selling 66 shares during the period. Sepio Capital LP’s holdings in Landstar System were worth $1,432,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Envestnet Portfolio Solutions Inc. boosted its position in Landstar System by 2.9% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 2,008 shares of the transportation company’s stock worth $387,000 after acquiring an additional 57 shares during the period. EverSource Wealth Advisors LLC grew its position in Landstar System by 13.8% during the first quarter. EverSource Wealth Advisors LLC now owns 595 shares of the transportation company’s stock valued at $115,000 after purchasing an additional 72 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its position in Landstar System by 108.8% in 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 in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Landstar System by 2.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 2,974 shares of the transportation company’s stock valued at $549,000 after buying an additional 74 shares during the period. Finally, Studio Investment Management LLC grew its holdings in shares of Landstar System by 4.1% during the 2nd quarter. Studio Investment Management LLC now owns 2,155 shares of the transportation company’s stock valued at $398,000 after acquiring an additional 84 shares in the last quarter. Institutional investors and hedge funds own 97.95% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on LSTR shares. Morgan Stanley lowered their target price on Landstar System from $147.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Monday, July 8th. Benchmark reiterated a “hold” rating on shares of Landstar System in a research note on Wednesday, July 31st. Raymond James cut their price target on shares of 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 cut shares of Landstar System from an “outperform” rating to a “peer perform” rating in a report on Thursday, July 11th. Finally, Susquehanna boosted their price target on Landstar System from $160.00 to $165.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Twelve analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $179.73.

Landstar System Stock Up 1.3 %

LSTR stock opened at $186.93 on Friday. The business’s 50-day simple moving average is $185.05 and its 200 day simple moving average is $182.69. 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 company has a market cap of $6.68 billion, a PE ratio of 28.76 and a beta of 0.80. Landstar System, Inc. has a twelve month low of $161.13 and a twelve month high of $201.40.

Landstar System (NASDAQ:LSTR) last issued its earnings results on Tuesday, July 30th. The transportation company reported $1.48 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 during the quarter, compared to analyst estimates of $1.25 billion. During the same period in the prior year, the company posted $1.85 earnings per share. Landstar System’s revenue was down 10.8% on a year-over-year basis. On average, research analysts anticipate that Landstar System, Inc. will post 5.87 earnings per share for the current year.

Landstar System Increases Dividend

The business 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. The ex-dividend date was Tuesday, August 20th. This is a boost from Landstar System’s previous quarterly dividend of $0.33. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.77%. Landstar System’s dividend payout ratio (DPR) is presently 22.15%.

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.