LRI Investments LLC Sells 146 Shares of Landstar System, Inc. $LSTR

LRI Investments LLC decreased its position in shares of Landstar System, Inc. (NASDAQ:LSTR) by 33.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 294 shares of the transportation company’s stock after selling 146 shares during the period. LRI Investments LLC’s holdings in Landstar System were worth $41,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Alpine Bank Wealth Management purchased a new stake in Landstar System during the 1st quarter valued at approximately $25,000. Geneos Wealth Management Inc. grew its holdings in Landstar System by 132.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the transportation company’s stock valued at $37,000 after buying an additional 142 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Landstar System by 118.8% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 280 shares of the transportation company’s stock valued at $39,000 after buying an additional 152 shares in the last quarter. Golden State Wealth Management LLC grew its holdings in Landstar System by 106.2% during the 1st quarter. Golden State Wealth Management LLC now owns 299 shares of the transportation company’s stock valued at $45,000 after buying an additional 154 shares in the last quarter. Finally, Brooklyn Investment Group grew its holdings in Landstar System by 352.2% during the 1st quarter. Brooklyn Investment Group now owns 312 shares of the transportation company’s stock valued at $47,000 after buying an additional 243 shares in the last quarter. 97.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. UBS Group cut their target price on shares of Landstar System from $154.00 to $149.00 and set a “neutral” rating for the company in a report on Wednesday, July 30th. Weiss Ratings reissued a “sell (d+)” rating on shares of Landstar System in a report on Wednesday, October 8th. Barclays cut their target price on shares of Landstar System from $145.00 to $135.00 and set an “equal weight” rating for the company in a report on Thursday, October 2nd. Stifel Nicolaus cut their target price on shares of Landstar System from $131.00 to $130.00 and set a “hold” rating for the company in a report on Friday, October 3rd. Finally, Zacks Research raised shares of Landstar System from a “strong sell” rating to a “hold” rating in a report on Monday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $142.36.

Landstar System Stock Up 0.7%

Shares of LSTR opened at $124.99 on Tuesday. The company has a market cap of $4.33 billion, a PE ratio of 26.20 and a beta of 0.82. The business has a fifty day moving average of $128.27 and a 200 day moving average of $135.17. Landstar System, Inc. has a 52-week low of $119.32 and a 52-week high of $196.86. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.06.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.04. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.21 billion. Landstar System had a return on equity of 17.49% and a net margin of 3.51%.Landstar System’s revenue was down 1.1% on a year-over-year basis. During the same period last year, the company earned $1.48 earnings per share. On average, sell-side analysts expect that Landstar System, Inc. will post 6.1 EPS for the current year.

Landstar System Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 9th. Stockholders of record on Tuesday, August 19th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Tuesday, August 19th. Landstar System’s dividend payout ratio (DPR) is 33.54%.

About Landstar System

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.