Landstar System, Inc. (LSTR) Position Reduced by GW Henssler & Associates Ltd.

GW Henssler & Associates Ltd. cut its stake in shares of Landstar System, Inc. (NASDAQ:LSTR) by 1.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,504 shares of the transportation company’s stock after selling 34 shares during the period. GW Henssler & Associates Ltd.’s holdings in Landstar System were worth $214,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of LSTR. Oxford Asset Management acquired a new position in shares of Landstar System during the first quarter valued at about $374,000. Parametrica Management Ltd acquired a new position in shares of Landstar System during the first quarter valued at about $212,000. Liberty Mutual Group Asset Management Inc. raised its position in shares of Landstar System by 1.9% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 18,874 shares of the transportation company’s stock valued at $1,617,000 after buying an additional 353 shares during the period. Retirement Systems of Alabama raised its position in shares of Landstar System by 1.1% in the first quarter. Retirement Systems of Alabama now owns 106,258 shares of the transportation company’s stock valued at $9,101,000 after buying an additional 1,130 shares during the period. Finally, Quantitative Systematic Strategies LLC acquired a new position in shares of Landstar System during the first quarter valued at about $1,204,000. 97.10% of the stock is currently owned by hedge funds and other institutional investors.

Landstar System, Inc. (NASDAQ LSTR) opened at 81.45 on Friday. The stock’s 50 day moving average price is $85.50 and its 200-day moving average price is $85.22. Landstar System, Inc. has a 12 month low of $65.05 and a 12 month high of $90.80. The firm has a market capitalization of $3.42 billion, a price-to-earnings ratio of 23.53 and a beta of 0.75.

Landstar System (NASDAQ:LSTR) last posted its earnings results 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. The business had revenue of $870.34 million during the quarter, compared to analyst estimates of $859.30 million. Landstar System had a return on equity of 26.11% and a net margin of 4.37%. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.76 EPS. Equities analysts anticipate that Landstar System, Inc. will post $3.55 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 14th will be issued a $0.10 dividend. This is a positive change from Landstar System’s previous quarterly dividend of $0.09. The ex-dividend date is Thursday, August 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.49%. Landstar System’s dividend payout ratio (DPR) is presently 11.56%.

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Several equities analysts have issued reports on LSTR shares. Deutsche Bank AG lowered Landstar System from a “buy” rating to a “hold” rating and dropped their price target for the company from $97.00 to $87.00 in a research note on Monday, July 31st. BidaskClub lowered Landstar System from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. Cowen and Company upped their target price on Landstar System from $76.00 to $82.00 and gave the stock a “market perform” rating in a research report on Thursday, April 27th. Morgan Stanley upped their target price on Landstar System from $66.00 to $68.00 and gave the stock an “underweight” rating in a research report on Monday, August 7th. Finally, Zacks Investment Research raised Landstar System from a “hold” rating to a “buy” rating and set a $98.00 target price on the stock in a research report on Thursday, July 6th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target 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.

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

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