Landstar System, Inc. (NASDAQ:LSTR) Shares Sold by Donald L. Hagan LLC

Donald L. Hagan LLC reduced its holdings in Landstar System, Inc. (NASDAQ:LSTR) by 10.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,337 shares of the transportation company’s stock after selling 518 shares during the period. Donald L. Hagan LLC’s holdings in Landstar System were worth $800,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in LSTR. Raymond James & Associates increased its stake in shares of Landstar System by 0.9% during the second quarter. Raymond James & Associates now owns 146,419 shares of the transportation company’s stock worth $27,011,000 after purchasing an additional 1,255 shares in the last quarter. Blue Trust Inc. increased its stake in Landstar System by 89.3% during the 2nd quarter. Blue Trust Inc. now owns 1,079 shares of the transportation company’s stock worth $208,000 after buying an additional 509 shares in the last quarter. Wedge Capital Management L L P NC raised its holdings in shares of Landstar System by 1.0% during the second quarter. Wedge Capital Management L L P NC now owns 17,706 shares of the transportation company’s stock valued at $3,266,000 after acquiring an additional 177 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Landstar System by 30.9% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 2,629 shares of the transportation company’s stock valued at $485,000 after acquiring an additional 621 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Landstar System by 2.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 2,974 shares of the transportation company’s stock valued at $549,000 after acquiring an additional 74 shares in the last quarter. 97.95% of the stock is currently owned by hedge funds and other institutional investors.

Landstar System Trading Up 0.3 %

Shares of Landstar System stock traded up $0.52 during trading hours on Friday, hitting $188.11. The company’s stock had a trading volume of 110,317 shares, compared to its average volume of 269,417. The firm has a fifty day moving average of $184.34 and a 200-day moving average of $184.21. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.22 and a current ratio of 2.17. The stock has a market cap of $6.73 billion, a price-to-earnings ratio of 28.94 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 quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.48 earnings per share 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 analysts’ expectations of $1.25 billion. During the same period in the previous year, the firm posted $1.85 earnings per share. The company’s revenue was down 10.8% on a year-over-year basis. Research analysts forecast that Landstar System, Inc. will post 6.1 EPS for the current year.

Landstar System Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Tuesday, August 20th will be paid a dividend of $0.36 per share. This is a boost from Landstar System’s previous quarterly dividend of $0.33. The ex-dividend date is Tuesday, August 20th. This represents a $1.44 annualized dividend and a yield of 0.77%. Landstar System’s payout ratio is presently 22.15%.

Analysts Set New Price Targets

Several research analysts recently commented on LSTR shares. Stifel Nicolaus reduced their price objective on Landstar System from $164.00 to $160.00 and set a “hold” rating for the company in a research note on Thursday, August 1st. TD Cowen raised their price target on shares of Landstar System from $171.00 to $176.00 and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Evercore ISI upped their price objective on shares of Landstar System from $161.00 to $173.00 and gave the company an “in-line” rating in a research note on Tuesday, June 25th. Wolfe Research lowered shares of Landstar System from an “outperform” rating to a “peer perform” rating in a research note on Thursday, July 11th. Finally, Benchmark restated a “hold” rating on shares of Landstar System in a research report on Wednesday, July 31st. Twelve investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Landstar System has an average rating of “Hold” and an average price target of $179.73.

Landstar System Profile

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.