Robeco Institutional Asset Management B.V. Maintains Holdings in Landstar System, Inc. (LSTR)

Robeco Institutional Asset Management B.V. maintained its stake in shares of Landstar System, Inc. (NASDAQ:LSTR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,749 shares of the transportation company’s stock at the close of the 2nd quarter. Robeco Institutional Asset Management B.V.’s holdings in Landstar System were worth $920,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Prudential Financial Inc. boosted its holdings in Landstar System by 9.4% in the second quarter. Prudential Financial Inc. now owns 309,184 shares of the transportation company’s stock worth $26,466,000 after purchasing an additional 26,690 shares during the last quarter. Royce & Associates LP boosted its holdings in Landstar System by 0.5% in the second quarter. Royce & Associates LP now owns 1,355,610 shares of the transportation company’s stock worth $116,040,000 after purchasing an additional 7,100 shares during the last quarter. GHP Investment Advisors Inc. boosted its holdings in Landstar System by 6.6% in the second quarter. GHP Investment Advisors Inc. now owns 39,928 shares of the transportation company’s stock worth $3,418,000 after purchasing an additional 2,455 shares during the last quarter. Great Lakes Advisors LLC boosted its holdings in Landstar System by 22.8% in the second quarter. Great Lakes Advisors LLC now owns 25,085 shares of the transportation company’s stock worth $2,147,000 after purchasing an additional 4,655 shares during the last quarter. Finally, Bridge City Capital LLC purchased a new stake in Landstar System in the second quarter worth approximately $959,000. Institutional investors own 97.00% of the company’s stock.

Shares of Landstar System, Inc. (LSTR) traded up 0.32% during mid-day trading on Friday, reaching $94.45. 54,758 shares of the company’s stock were exchanged. Landstar System, Inc. has a 1-year low of $65.05 and a 1-year high of $96.15. The stock has a market capitalization of $3.96 billion, a PE ratio of 27.28 and a beta of 0.74. The company’s 50 day moving average is $86.61 and its 200 day moving average is $85.71.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings data on Wednesday, July 26th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.01. The business had revenue of $870.34 million for the quarter, compared to the consensus estimate of $859.30 million. Landstar System had a net margin of 4.37% and a return on equity of 26.11%. The company’s revenue was up 12.3% compared to the same quarter last year. During the same period last year, the firm posted $0.76 earnings per share. Equities research analysts anticipate that Landstar System, Inc. will post $3.56 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, August 14th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.43%. This is an increase from Landstar System’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Thursday, August 10th. Landstar System’s dividend payout ratio (DPR) is presently 11.56%.

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Several research analysts have recently weighed in on LSTR shares. BidaskClub upgraded shares of Landstar System from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Zacks Investment Research upgraded shares of Landstar System from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a research note on Thursday, July 6th. Deutsche Bank AG cut shares of Landstar System from a “buy” rating to a “hold” rating and dropped their price target for the stock from $97.00 to $87.00 in a research note on Monday, July 31st. Stifel Nicolaus upgraded shares of Landstar System from a “hold” rating to a “buy” rating and lifted their price target for the stock from $87.00 to $95.00 in a research note on Monday, July 31st. Finally, Morgan Stanley lifted their price target on shares of Landstar System from $66.00 to $68.00 and gave the stock an “underweight” rating in a research note on Monday, August 7th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $87.63.

About Landstar System

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.

Institutional Ownership by Quarter for Landstar System (NASDAQ:LSTR)

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