Callan Family Office LLC Has $509,000 Stock Position in Landstar System, Inc. $LSTR

Key Points

• Callan Family Office LLC reduced its stake in Landstar System, Inc. by 39.2%, selling 2,188 shares and holding 3,392 shares worth approximately $509,000 at the end of the quarter.
• Landstar System reported $1.20 EPS for the latest quarter, exceeding analysts' expectations of $1.16 EPS, while revenue remained steady at $1.21 billion.
• The company has announced a quarterly dividend of $0.40 per share, translating to an annual yield of 1.2%, to be paid on September 9th.

Callan Family Office LLC lessened its stake in Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 39.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,392 shares of the transportation company's stock after selling 2,188 shares during the quarter. Callan Family Office LLC's holdings in Landstar System were worth $509,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Alpine Bank Wealth Management acquired a new stake in shares of Landstar System in the first quarter valued at $25,000. Colonial Trust Co SC raised its position in Landstar System by 61.7% during the fourth quarter. Colonial Trust Co SC now owns 186 shares of the transportation company's stock valued at $32,000 after buying an additional 71 shares during the period. Golden State Wealth Management LLC raised its position in Landstar System by 106.2% during the first quarter. Golden State Wealth Management LLC now owns 299 shares of the transportation company's stock valued at $45,000 after buying an additional 154 shares during the period. First Horizon Advisors Inc. increased its position in Landstar System by 35.3% in the 1st quarter. First Horizon Advisors Inc. now owns 322 shares of the transportation company's stock worth $48,000 after purchasing an additional 84 shares during the last quarter. Finally, Allworth Financial LP increased its position in Landstar System by 58.5% in the 1st 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. Hedge funds and other institutional investors own 97.95% of the company's stock.

Landstar System Stock Up 0.0%

NASDAQ LSTR traded up $0.01 during trading hours on Monday, hitting $129.12. 97,969 shares of the company traded hands, compared to its average volume of 369,734. Landstar System, Inc. has a twelve month low of $123.43 and a twelve month high of $196.86. The stock has a market capitalization of $4.47 billion, a price-to-earnings ratio of 27.07 and a beta of 0.86. The business's 50-day moving average is $137.45 and its 200-day moving average is $143.24. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.00 and a current ratio of 2.00.

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

Landstar System Dividend Announcement

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

Wall Street Analyst Weigh In

LSTR has been the topic of several research reports. Wall Street Zen lowered Landstar System from a "hold" rating to a "sell" rating in a research report on Saturday, July 12th. Robert W. Baird assumed coverage on Landstar System in a research note on Tuesday, July 1st. They set an "outperform" rating and a $166.00 target price for the company. Stifel Nicolaus reduced their price objective on Landstar System from $140.00 to $131.00 and set a "hold" rating for the company in a research report on Thursday, July 31st. Truist Financial dropped their target price on Landstar System from $150.00 to $135.00 and set a "hold" rating for the company in a report on Thursday, April 24th. Finally, Susquehanna set a $123.00 price target on Landstar System and gave the company a "neutral" rating in a report on Wednesday, July 30th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $145.17.

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.