Landstar System, Inc. (LSTR) Shares Bought by Teachers Advisors LLC

Teachers Advisors LLC raised its stake in Landstar System, Inc. (NASDAQ:LSTR) by 2.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 40,535 shares of the transportation company’s stock after buying an additional 983 shares during the period. Teachers Advisors LLC owned approximately 0.10% of Landstar System worth $3,472,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Glen Harbor Capital Management LLC boosted its position in Landstar System by 11.9% in the first quarter. Glen Harbor Capital Management LLC now owns 1,200 shares of the transportation company’s stock valued at $103,000 after buying an additional 128 shares during the last quarter. TrimTabs Asset Management LLC boosted its position in Landstar System by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 1,580 shares of the transportation company’s stock valued at $135,000 after buying an additional 744 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Landstar System by 36.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,600 shares of the transportation company’s stock valued at $137,000 after buying an additional 427 shares during the last quarter. Tyers Asset Management LLC boosted its position in Landstar System by 11.9% in the first quarter. Tyers Asset Management LLC now owns 1,650 shares of the transportation company’s stock valued at $141,000 after buying an additional 176 shares during the last quarter. Finally, Flinton Capital Management LLC boosted its position in Landstar System by 11.9% in the first quarter. Flinton Capital Management LLC now owns 2,100 shares of the transportation company’s stock valued at $180,000 after buying an additional 224 shares during the last quarter. Hedge funds and other institutional investors own 97.12% of the company’s stock.

Landstar System, Inc. (LSTR) traded up 0.78% during mid-day trading on Friday, reaching $83.80. The company’s stock had a trading volume of 13,640 shares. The company has a market capitalization of $3.52 billion, a PE ratio of 24.21 and a beta of 0.75. Landstar System, Inc. has a 1-year low of $65.05 and a 1-year high of $90.80. The firm has a 50 day moving average price of $85.71 and a 200-day moving average price of $85.26.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings data on Wednesday, July 26th. The transportation company reported $0.89 EPS for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.01. Landstar System had a return on equity of 26.11% and a net margin of 4.37%. The company had revenue of $870.34 million for the quarter, compared to the consensus estimate of $859.30 million. During the same quarter in the previous year, the business earned $0.76 EPS. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. On average, equities analysts predict that Landstar System, Inc. will post $3.55 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 14th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, August 10th. This is a positive change from Landstar System’s previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.48%. Landstar System’s payout ratio is 10.40%.

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Several research firms have issued reports on LSTR. Stifel Nicolaus increased their price objective on Landstar System from $81.00 to $87.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. Zacks Investment Research lowered Landstar System from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Morgan Stanley upped their target price on Landstar System from $66.00 to $68.00 and gave the company an “underweight” rating in a report on Monday. BidaskClub lowered Landstar System from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. Finally, Deutsche Bank AG lowered Landstar System from a “buy” rating to a “hold” rating and lowered their target price for the company from $97.00 to $87.00 in a report on Monday, July 31st. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $84.86.

About Landstar System

Landstar System, Inc (Landstar) is an asset-light provider of integrated transportation management solutions. The Company offers services to its customers across multiple transportation modes, with the ability to arrange for individual shipments of freight to enterprise solutions to manage customer’s transportation needs.

Institutional Ownership by Quarter for Landstar System (NASDAQ:LSTR)

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