Wedge Capital Management L L P NC Sells 4,824 Shares of Landstar System, Inc. $LSTR

Wedge Capital Management L L P NC lowered its position in Landstar System, Inc. (NASDAQ:LSTR) by 16.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 24,624 shares of the transportation company’s stock after selling 4,824 shares during the period. Wedge Capital Management L L P NC’s holdings in Landstar System were worth $5,092,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. M&T Bank Corp lifted its holdings in shares of Landstar System by 151,424.4% during the fourth quarter. M&T Bank Corp now owns 6,294,325 shares of the transportation company’s stock valued at $904,495,000 after purchasing an additional 6,290,171 shares during the last quarter. Boston Partners lifted its stake in Landstar System by 24.1% during the 3rd quarter. Boston Partners now owns 1,761,526 shares of the transportation company’s stock valued at $216,242,000 after acquiring an additional 341,808 shares during the period. First Trust Advisors LP lifted its position in Landstar System by 19.1% during the first quarter. First Trust Advisors LP now owns 1,118,554 shares of the transportation company’s stock valued at $179,315,000 after purchasing an additional 179,294 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Landstar System by 185.5% during the 4th quarter. AQR Capital Management LLC now owns 987,087 shares of the transportation company’s stock valued at $141,844,000 after buying an additional 641,319 shares during the period. Finally, Corient Private Wealth LLC lifted its holdings in Landstar System by 99.5% in the fourth quarter. Corient Private Wealth LLC now owns 742,215 shares of the transportation company’s stock valued at $105,877,000 after acquiring an additional 370,253 shares during the period. 97.95% of the stock is owned by hedge funds and other institutional investors.

Landstar System News Roundup

Here are the key news stories impacting Landstar System this week:

• Positive Sentiment: Zacks raised its fiscal 2026 EPS forecast to $5.61 from $5.45, while estimates for the third and fourth quarters increased to $1.47 and $1.54, respectively. These revisions suggest improved expectations for Landstar’s near-term profitability.
• Positive Sentiment: Longer-term forecasts were also raised: fiscal 2027 EPS increased to $7.22 from $6.88, and fiscal 2028 EPS rose to $8.03 from $7.69. Zacks additionally lifted estimates for multiple quarters through 2028, reinforcing a more bullish outlook for earnings growth.
• Positive Sentiment: The revised estimates remain above or near the broader current-year consensus of $5.80 per share, potentially improving investor confidence in Landstar’s earnings trajectory and supporting the stock’s move higher.
• Neutral Sentiment: A separate report listed August short interest at zero shares, unchanged from the prior period, with a zero-day days-to-cover ratio. Because the figures include an apparent “NaN” percentage change and may reflect unavailable or erroneous data, they provide little meaningful trading signal.

Analyst Ratings Changes

Several research analysts have recently weighed in on LSTR shares. The Goldman Sachs Group lifted their price target on shares of Landstar System from $147.00 to $168.00 and gave the stock a “sell” rating in a research note on Thursday, July 16th. Janney Montgomery Scott set a $182.00 price target on Landstar System in a research note on Wednesday, July 29th. Wolfe Research raised shares of Landstar System from a “peer perform” rating to an “outperform” rating and set a $214.00 price objective for the company in a report on Tuesday, August 4th. Stephens raised shares of Landstar System to a “strong-buy” rating in a report on Wednesday, July 8th. Finally, Stifel Nicolaus lifted their price target on Landstar System from $186.00 to $197.00 and gave the stock a “hold” rating in a research report on Wednesday, July 29th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Landstar System currently has an average rating of “Hold” and an average target price of $196.00.

Insiders Place Their Bets

In other news, CFO James P. Todd sold 1,200 shares of Landstar System stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $218.17, for a total value of $261,804.00. Following the transaction, the chief financial officer owned 15,122 shares of the company’s stock, valued at $3,299,166.74. The trade was a 7.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Diana M. Murphy sold 11,246 shares of the company’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $221.28, for a total value of $2,488,514.88. Following the transaction, the director directly owned 18,853 shares in the company, valued at approximately $4,171,791.84. The trade was a 37.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.74% of the company’s stock.

Landstar System Trading Up 4.6%

Shares of LSTR opened at $185.85 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.82 and a quick ratio of 1.82. The firm has a market capitalization of $6.31 billion, a price-to-earnings ratio of 48.15 and a beta of 0.90. The company has a 50-day moving average of $203.25 and a 200 day moving average of $179.67. Landstar System, Inc. has a 1-year low of $119.32 and a 1-year high of $228.46.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings data on Tuesday, July 28th. The transportation company reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.05). Landstar System had a return on equity of 20.84% and a net margin of 2.64%.The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period last year, the company earned $1.20 EPS. The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. On average, research analysts expect that Landstar System, Inc. will post 5.82 EPS for the current year.

Landstar System Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Tuesday, August 18th will be paid a dividend of $0.44 per share. This is a boost from Landstar System’s previous quarterly dividend of $0.40. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Tuesday, August 18th. Landstar System’s payout ratio is 45.60%.

Landstar System declared that its board has initiated a share buyback program on Tuesday, April 28th that authorizes the company to repurchase 1,115,195,000,000 shares. This repurchase authorization authorizes the transportation company to buy up to 3.3% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Landstar System Profile

Landstar System, Inc provides integrated transportation management solutions through a network of independent agents and third-party capacity providers. The company specializes in truckload brokerage, intermodal, air and ocean freight, expedited and heavy-haul services, along with value-added offerings such as cargo insurance, customs brokerage and supply chain management. Landstar’s proprietary technology platform enables real-time load matching, shipment tracking and data analytics to optimize fleet utilization and improve customer service.

Founded in 1968 and headquartered in Jacksonville, Florida, Landstar pioneered an asset-light brokerage model that has evolved into a global logistics operation.