12,177 Shares of Landstar System, Inc. $LSTR Bought by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management acquired 12,177 shares of Landstar System during the third quarter, valued at approximately $2.05 million. Institutional investors now own 97.95% of the company, with several major funds increasing their positions.
• Analyst sentiment is largely neutral: Landstar has an average rating of “Hold” from MarketBeat, with an average price target of $191.14. Ratings include one Strong Buy, three Buys, eleven Holds and two Sells.
• Landstar’s latest quarterly revenue rose 18.2% year over year to $1.43 billion, exceeding estimates, although adjusted earnings of $1.44 per share fell short of the $1.49 consensus forecast.

Robeco Institutional Asset Management B.V. acquired a new position in Landstar System, Inc. (NASDAQ:LSTR - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 12,177 shares of the transportation company's stock, valued at approximately $2,054,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in LSTR. BlackRock Inc. bought a new stake in Landstar System during the second quarter worth approximately $698,683,000. First Trust Advisors LP grew its position in Landstar System by 19.1% in the first quarter. First Trust Advisors LP now owns 1,118,554 shares of the transportation company's stock worth $179,315,000 after buying an additional 179,294 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Landstar System by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 683,119 shares of the transportation company's stock valued at $109,506,000 after buying an additional 15,825 shares in the last quarter. Fenimore Asset Management Inc increased its holdings in shares of Landstar System by 0.4% in the third quarter. Fenimore Asset Management Inc now owns 508,778 shares of the transportation company's stock valued at $85,803,000 after buying an additional 2,193 shares in the last quarter. Finally, Copeland Capital Management LLC increased its holdings in shares of Landstar System by 6.5% in the third quarter. Copeland Capital Management LLC now owns 340,739 shares of the transportation company's stock valued at $57,464,000 after buying an additional 20,761 shares in the last quarter. 97.95% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on LSTR. Zacks Research lowered Landstar System from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 4th. The Goldman Sachs Group boosted their target price on Landstar System from $147.00 to $168.00 and gave the stock a "sell" rating in a research report on Thursday, July 16th. Morgan Stanley reaffirmed an "underweight" rating and set a $145.00 target price on shares of Landstar System in a report on Monday, July 6th. Stifel Nicolaus upped their target price on Landstar System from $186.00 to $197.00 and gave the company a "hold" rating in a report on Wednesday, July 29th. Finally, Wells Fargo & Company decreased their price target on Landstar System from $240.00 to $225.00 and set an "overweight" rating for the company in a research report on Tuesday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $191.14.

Landstar System Price Performance

LSTR stock opened at $165.79 on Monday. Landstar System, Inc. has a 52-week low of $121.11 and a 52-week high of $228.46. The company's 50 day simple moving average is $173.40 and its 200-day simple moving average is $186.95. 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 $5.63 billion, a P/E ratio of 42.95 and a beta of 0.90.

Landstar System (NASDAQ:LSTR - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The transportation company reported $1.44 EPS for the quarter, missing analysts' consensus estimates 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 analyst estimates of $1.34 billion. During the same period in the prior year, the business posted $1.20 EPS. The company's revenue for the quarter was up 18.2% on a year-over-year basis. As a group, equities research analysts anticipate that Landstar System, Inc. will post 5.87 EPS for the current year.

Landstar System Profile

Landstar System, Inc NASDAQ: LSTR is an asset-light transportation and logistics company headquartered in Jacksonville, Florida. Through a network of independent owner-operators, agents and third-party capacity providers, the company arranges the movement of freight for commercial and industrial customers.

Landstar's services include truckload transportation, specialized and heavy-haul freight, expedited and time-critical shipping, less-than-truckload transportation, intermodal services and logistics management.

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