Schwab Charles Investment Management Inc. Has $27.74 Million Holdings in Landstar System, Inc. (LSTR)

Schwab Charles Investment Management Inc. raised its position in shares of Landstar System, Inc. (NASDAQ:LSTR) by 4.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 278,344 shares of the transportation company’s stock after purchasing an additional 11,227 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.66% of Landstar System worth $27,737,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in LSTR. Advisor Group Inc. increased its stake in Landstar System by 64.8% during the 2nd quarter. Advisor Group Inc. now owns 1,523 shares of the transportation company’s stock valued at $130,000 after purchasing an additional 599 shares in the last quarter. IFP Advisors Inc increased its stake in Landstar System by 2.9% during the 2nd quarter. IFP Advisors Inc now owns 1,646 shares of the transportation company’s stock valued at $141,000 after purchasing an additional 47 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Landstar System by 14.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,824 shares of the transportation company’s stock valued at $156,000 after purchasing an additional 224 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Landstar System by 22.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,000 shares of the transportation company’s stock valued at $171,000 after purchasing an additional 373 shares in the last quarter. Finally, BlueCrest Capital Management Ltd bought a new stake in Landstar System during the 2nd quarter valued at about $202,000. Institutional investors and hedge funds own 97.96% of the company’s stock.

Shares of Landstar System, Inc. (NASDAQ:LSTR) opened at $104.00 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.96 and a current ratio of 1.96. The stock has a market cap of $4,340.00, a PE ratio of 29.09, a PEG ratio of 2.12 and a beta of 0.81. Landstar System, Inc. has a 1-year low of $80.00 and a 1-year high of $107.60.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings results on Wednesday, October 25th. The transportation company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.05. The firm had revenue of $943.40 million for the quarter, compared to the consensus estimate of $895.31 million. Landstar System had a net margin of 4.36% and a return on equity of 25.53%. The business’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.86 EPS. sell-side analysts forecast that Landstar System, Inc. will post 3.68 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Tuesday, November 14th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date was Monday, November 13th. Landstar System’s payout ratio is presently 11.05%.

A number of analysts have weighed in on LSTR shares. Cowen restated a “hold” rating and set a $86.00 price objective on shares of Landstar System in a research note on Monday, August 28th. Buckingham Research started coverage on shares of Landstar System in a research note on Friday, October 20th. They set a “neutral” rating and a $103.00 price objective for the company. Stephens upgraded shares of Landstar System from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $88.00 to $103.00 in a research note on Wednesday, August 30th. Stifel Nicolaus restated a “buy” rating and set a $95.00 price objective on shares of Landstar System in a research note on Tuesday, September 12th. Finally, Credit Suisse Group restated a “neutral” rating and set a $97.00 price objective (up from $84.00) on shares of Landstar System in a research note on Tuesday, October 31st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $96.67.

In related news, VP Michael K. Kneller sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $99.00, for a total value of $990,000.00. Following the transaction, the vice president now owns 22,153 shares of the company’s stock, valued at $2,193,147. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Dr. Homaira Akbari sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $98.30, for a total transaction of $98,300.00. Following the completion of the transaction, the director now directly owns 6,656 shares in the company, valued at approximately $654,284.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 40,805 shares of company stock worth $4,028,128. Insiders own 1.00% of the company’s stock.

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Landstar System Profile

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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