AQR Capital Management LLC Has $35.45 Million Stock Holdings in Landstar System, Inc. $LSTR

AQR Capital Management LLC lowered its stake in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 20.6% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 237,722 shares of the transportation company's stock after selling 61,724 shares during the period. AQR Capital Management LLC owned approximately 0.68% of Landstar System worth $35,454,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Jane Street Group LLC increased its holdings in shares of Landstar System by 301.0% during the fourth quarter. Jane Street Group LLC now owns 13,450 shares of the transportation company's stock worth $2,312,000 after buying an additional 10,096 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in Landstar System by 107.4% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 2,497 shares of the transportation company's stock valued at $429,000 after acquiring an additional 1,293 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Landstar System by 120.7% in the fourth quarter. Ameriprise Financial Inc. now owns 165,297 shares of the transportation company's stock valued at $28,408,000 after acquiring an additional 90,391 shares during the last quarter. Baird Financial Group Inc. boosted its position in shares of Landstar System by 24.3% during the fourth quarter. Baird Financial Group Inc. now owns 3,776 shares of the transportation company's stock worth $649,000 after purchasing an additional 739 shares in the last quarter. Finally, Balyasny Asset Management L.P. bought a new position in shares of Landstar System during the fourth quarter worth $1,345,000. Institutional investors own 97.95% of the company's stock.

Analysts Set New Price Targets

LSTR has been the topic of a number of research analyst reports. Evercore ISI dropped their price objective on shares of Landstar System from $135.00 to $132.00 and set an "in-line" rating on the stock in a report on Wednesday, July 30th. Wall Street Zen lowered shares of Landstar System from a "hold" rating to a "sell" rating in a report on Saturday, July 12th. Robert W. Baird initiated coverage on shares of Landstar System in a report on Tuesday, July 1st. They set an "outperform" rating and a $166.00 price objective on the stock. Barclays initiated coverage on shares of Landstar System in a report on Monday, June 9th. They set an "equal weight" rating and a $145.00 price objective on the stock. Finally, Susquehanna set a $123.00 price objective on shares of Landstar System and gave the stock a "neutral" rating in a report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $145.17.

Landstar System Stock Performance

Shares of LSTR stock traded down $1.20 during midday trading on Wednesday, hitting $129.74. 351,622 shares of the company were exchanged, compared to its average volume of 371,687. The firm has a market capitalization of $4.50 billion, a P/E ratio of 27.20 and a beta of 0.84. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.00 and a current ratio of 2.00. The firm's 50 day moving average price is $134.98 and its two-hundred day moving average price is $139.93. Landstar System, Inc. has a 52 week low of $123.43 and a 52 week high of $196.86.

Landstar System (NASDAQ:LSTR - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.16 by $0.04. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.21 billion. Landstar System had a net margin of 3.51% and a return on equity of 17.49%. The business's revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.48 EPS. As a group, equities research analysts anticipate that Landstar System, Inc. will post 6.1 earnings per share for the current year.

Landstar System Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 9th. Stockholders of record on Tuesday, August 19th were given a $0.40 dividend. The ex-dividend date was Tuesday, August 19th. This represents a $1.60 annualized dividend and a dividend yield of 1.2%. Landstar System's payout ratio is presently 33.54%.

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.