Landstar System, Inc. $LSTR Shares Sold by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. reduced its position in shares of Landstar System, Inc. (NASDAQ:LSTR) by 47.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,507 shares of the transportation company’s stock after selling 18,629 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Landstar System were worth $2,851,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Savant Capital LLC increased its holdings in shares of Landstar System by 27.9% in the 2nd quarter. Savant Capital LLC now owns 2,603 shares of the transportation company’s stock valued at $362,000 after acquiring an additional 568 shares during the last quarter. Eukles Asset Management increased its stake in Landstar System by 1.1% in the second quarter. Eukles Asset Management now owns 10,053 shares of the transportation company’s stock valued at $1,398,000 after purchasing an additional 105 shares during the last quarter. Sprucegrove Investment Management Ltd. purchased a new stake in shares of Landstar System during the 2nd quarter worth approximately $97,000. Resona Asset Management Co. Ltd. boosted its holdings in shares of Landstar System by 3.4% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 6,640 shares of the transportation company’s stock valued at $923,000 after buying an additional 217 shares in the last quarter. Finally, Simon Quick Advisors LLC acquired a new position in shares of Landstar System in the 2nd quarter valued at $297,000. Institutional investors and hedge funds own 97.95% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. UBS Group cut their price target on shares of Landstar System from $149.00 to $147.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 29th. Weiss Ratings reissued a “sell (d+)” rating on shares of Landstar System in a research report on Wednesday, October 8th. Wall Street Zen lowered Landstar System from a “hold” rating to a “sell” rating in a research report on Sunday. Barclays reduced their price objective on Landstar System from $135.00 to $130.00 and set an “equal weight” rating for the company in a research note on Thursday, October 30th. Finally, Zacks Research lowered shares of Landstar System from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $134.60.

Landstar System Stock Performance

Shares of LSTR stock opened at $130.13 on Friday. The stock’s 50-day moving average price is $127.64 and its 200 day moving average price is $133.82. The company has a quick ratio of 2.00, a current ratio of 2.01 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $4.47 billion, a PE ratio of 33.20 and a beta of 0.83. Landstar System, Inc. has a 52-week low of $119.32 and a 52-week high of $196.86.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings data on Tuesday, October 28th. The transportation company reported $1.22 earnings per share for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.02). The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. Landstar System had a return on equity of 17.24% and a net margin of 2.87%.The firm’s revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.41 earnings per share. As a group, equities research analysts forecast that Landstar System, Inc. will post 6.1 EPS for the current year.

Landstar System Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 9th. Investors of record on Tuesday, November 18th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Tuesday, November 18th. Landstar System’s dividend payout ratio (DPR) is 40.82%.

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.