Landstar System, Inc. (LSTR) Shares Bought by Clarkston Capital Partners LLC

Clarkston Capital Partners LLC grew its stake in shares of Landstar System, Inc. (NASDAQ:LSTR) by 4.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 650,788 shares of the transportation company’s stock after acquiring an additional 25,306 shares during the period. Landstar System comprises approximately 2.7% of Clarkston Capital Partners LLC’s investment portfolio, making the stock its 13th biggest holding. Clarkston Capital Partners LLC owned approximately 1.55% of Landstar System worth $64,851,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of LSTR. Advisor Group Inc. raised its stake in shares of Landstar System by 64.8% during the second quarter. Advisor Group Inc. now owns 1,523 shares of the transportation company’s stock valued at $130,000 after acquiring an additional 599 shares in the last quarter. IFP Advisors Inc raised its stake in shares of Landstar System by 2.9% during the second quarter. IFP Advisors Inc now owns 1,646 shares of the transportation company’s stock valued at $141,000 after acquiring an additional 47 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Landstar System by 14.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,824 shares of the transportation company’s stock valued at $156,000 after acquiring an additional 224 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Landstar System by 22.9% during the second quarter. PNC Financial Services Group Inc. now owns 2,000 shares of the transportation company’s stock valued at $171,000 after acquiring an additional 373 shares in the last quarter. Finally, BlueCrest Capital Management Ltd bought a new stake in shares of Landstar System during the second quarter valued at approximately $202,000. 97.36% of the stock is owned by hedge funds and other institutional investors.

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Several analysts have recently weighed in on the stock. Buckingham Research assumed coverage on shares of Landstar System in a research note on Friday, October 20th. They set a “neutral” rating and a $103.00 price target for the company. Cowen and Company reaffirmed a “hold” rating and set a $97.00 price target on shares of Landstar System in a research note on Friday, October 27th. Zacks Investment Research downgraded shares of Landstar System from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Morgan Stanley lifted their price target on shares of Landstar System from $66.00 to $68.00 and gave the company an “underweight” rating in a research note on Monday, August 7th. Finally, Stephens raised shares of Landstar System from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $88.00 to $103.00 in a research note on Wednesday, August 30th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $96.67.

Shares of Landstar System, Inc. (NASDAQ LSTR) traded down 0.20% during trading on Wednesday, reaching $98.55. 63,331 shares of the company traded hands. The company has a market capitalization of $4.13 billion, a price-to-earnings ratio of 28.47 and a beta of 0.76. Landstar System, Inc. has a 52 week low of $71.45 and a 52 week high of $102.55. The firm’s 50 day moving average price is $98.33 and its 200-day moving average price is $88.83.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings data on Wednesday, October 25th. The transportation company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.96 by $0.05. Landstar System had a net margin of 4.36% and a return on equity of 25.53%. The firm had revenue of $943.40 million for the quarter, compared to analyst estimates of $895.31 million. During the same period in the prior year, the business posted $0.86 EPS. The business’s revenue for the quarter was up 19.7% compared to the same quarter last year. Equities analysts anticipate that Landstar System, Inc. will post $3.66 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Tuesday, November 14th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, November 13th. This represents a $0.40 dividend on an annualized basis and a yield of 0.41%. Landstar System’s dividend payout ratio (DPR) is presently 11.08%.

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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