Eukles Asset Management Has $1.83 Million Stock Holdings in Landstar System, Inc. (NASDAQ:LSTR)

Eukles Asset Management lowered its position in shares of Landstar System, Inc. (NASDAQ:LSTR) by 1.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,921 shares of the transportation company’s stock after selling 194 shares during the quarter. Eukles Asset Management’s holdings in Landstar System were worth $1,830,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Norges Bank acquired a new position in Landstar System during the fourth quarter worth $64,175,000. UBS Group AG grew its holdings in shares of Landstar System by 359.9% in the 4th quarter. UBS Group AG now owns 80,077 shares of the transportation company’s stock valued at $15,507,000 after acquiring an additional 62,667 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in shares of Landstar System by 21.4% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 337,271 shares of the transportation company’s stock valued at $65,013,000 after acquiring an additional 59,530 shares during the last quarter. Janus Henderson Group PLC raised its holdings in Landstar System by 30.9% during the first quarter. Janus Henderson Group PLC now owns 180,955 shares of the transportation company’s stock worth $34,880,000 after acquiring an additional 42,740 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Landstar System during the first quarter valued at approximately $5,366,000. 97.95% of the stock is owned by institutional investors.

Landstar System Stock Up 1.1 %

Landstar System stock opened at $182.56 on Monday. Landstar System, Inc. has a twelve month low of $161.13 and a twelve month high of $201.40. The stock has a market cap of $6.53 billion, a P/E ratio of 28.09 and a beta of 0.80. The company’s 50-day moving average price is $184.97 and its two-hundred day moving average price is $183.68. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.05.

Landstar System (NASDAQ:LSTR) last announced its earnings results on Tuesday, July 30th. The transportation company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.02. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.25 billion. Landstar System had a return on equity of 21.69% and a net margin of 4.49%. The firm’s quarterly revenue was down 10.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.85 earnings per share. As a group, analysts expect that Landstar System, Inc. will post 5.87 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. Stockholders of record on Tuesday, August 20th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend is Tuesday, August 20th. This is a boost from Landstar System’s previous quarterly dividend of $0.33. Landstar System’s payout ratio is presently 22.15%.

Analyst Ratings Changes

LSTR has been the topic of several recent analyst reports. Susquehanna boosted their price target on Landstar System from $160.00 to $165.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Raymond James dropped their price target on shares of Landstar System from $205.00 to $195.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. JPMorgan Chase & Co. lifted their price objective on shares of Landstar System from $182.00 to $188.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Wolfe Research cut shares of Landstar System from an “outperform” rating to a “peer perform” rating in a report on Thursday, July 11th. Finally, TD Cowen lifted their price target on Landstar System from $171.00 to $176.00 and gave the stock a “hold” rating in a report on Wednesday, July 31st. Twelve research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock 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.