Boston Partners Buys 175,157 Shares of Landstar System, Inc. $LSTR

Boston Partners increased its position in Landstar System, Inc. (NASDAQ:LSTR) by 14.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,418,274 shares of the transportation company’s stock after purchasing an additional 175,157 shares during the period. Boston Partners owned approximately 4.09% of Landstar System worth $197,109,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of LSTR. Envestnet Asset Management Inc. increased its position in shares of Landstar System by 1.2% during the first quarter. Envestnet Asset Management Inc. now owns 197,786 shares of the transportation company’s stock valued at $29,707,000 after acquiring an additional 2,318 shares in the last quarter. Allworth Financial LP raised its stake in shares of Landstar System by 58.5% in the first quarter. Allworth Financial LP now owns 344 shares of the transportation company’s stock worth $48,000 after purchasing an additional 127 shares during the last quarter. State of Michigan Retirement System lifted its holdings in shares of Landstar System by 1.2% during the first quarter. State of Michigan Retirement System now owns 8,470 shares of the transportation company’s stock valued at $1,272,000 after purchasing an additional 100 shares in the last quarter. Ballentine Partners LLC purchased a new stake in shares of Landstar System during the first quarter valued at $330,000. Finally, Louisiana State Employees Retirement System increased its holdings in Landstar System by 1.0% in the 1st quarter. Louisiana State Employees Retirement System now owns 9,900 shares of the transportation company’s stock worth $1,487,000 after buying an additional 100 shares in the last quarter. 97.95% of the stock is currently owned by institutional investors.

Landstar System Stock Performance

Shares of LSTR opened at $129.95 on Wednesday. The business has a 50-day simple moving average of $127.57 and a two-hundred day simple moving average of $133.68. The company has a quick ratio of 2.00, a current ratio of 2.01 and a debt-to-equity ratio of 0.05. Landstar System, Inc. has a 52 week low of $119.32 and a 52 week high of $192.33. The stock has a market cap of $4.46 billion, a price-to-earnings ratio of 33.15 and a beta of 0.83.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings data on Tuesday, October 28th. The transportation company reported $1.22 earnings per share (EPS) 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 the consensus estimate of $1.21 billion. Landstar System had a net margin of 2.87% and a return on equity of 17.24%. The company’s revenue was down .7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.41 earnings per share. On average, analysts expect that Landstar System, Inc. will post 6.1 EPS for the current year.

Landstar System Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on LSTR shares. JPMorgan Chase & Co. dropped their price target on shares of Landstar System from $138.00 to $134.00 and set a “neutral” rating on the stock in a report on Wednesday, October 29th. Stifel Nicolaus cut their target price on shares of Landstar System from $130.00 to $127.00 and set a “hold” rating for the company in a research report on Wednesday, October 29th. Zacks Research lowered shares of Landstar System from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 28th. Barclays dropped their price target on Landstar System from $135.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 30th. Finally, UBS Group cut their price objective on Landstar System from $149.00 to $147.00 and set a “neutral” rating for the company in a report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $134.60.

Landstar System Company 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.