Capital Fund Management S.A. Grows Stock Position in Landstar System, Inc. $LSTR

Key Points

• Capital Fund Management S.A. significantly increased its holdings in Landstar System, Inc. by 87.7% in Q1, owning a total of 57,092 shares worth approximately $8.58 million.
• Landstar System recently reported a quarterly earnings per share of $1.20, exceeding analyst expectations of $1.16, while also revealing a revenue of $1.21 billion for the same quarter.
• The company announced a quarterly dividend of $0.40, which reflects an annualized dividend yield of 1.2% and a payout ratio of 33.54%.

Capital Fund Management S.A. raised its holdings in Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 87.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 57,092 shares of the transportation company's stock after buying an additional 26,676 shares during the quarter. Capital Fund Management S.A. owned about 0.16% of Landstar System worth $8,575,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of LSTR. Barclays PLC raised its position in Landstar System by 30.4% during the fourth quarter. Barclays PLC now owns 46,772 shares of the transportation company's stock valued at $8,039,000 after acquiring an additional 10,899 shares in the last quarter. Mariner LLC boosted its stake in shares of Landstar System by 2.0% in the fourth quarter. Mariner LLC now owns 7,627 shares of the transportation company's stock worth $1,311,000 after acquiring an additional 151 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Landstar System by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 617,835 shares of the transportation company's stock worth $106,184,000 after buying an additional 9,190 shares during the last quarter. MetLife Investment Management LLC boosted its stake in Landstar System by 8.7% during the fourth quarter. MetLife Investment Management LLC now owns 19,913 shares of the transportation company's stock worth $3,422,000 after buying an additional 1,587 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in Landstar System by 107.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,638 shares of the transportation company's stock worth $282,000 after buying an additional 848 shares during the last quarter. 97.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LSTR has been the topic of a number of research analyst reports. UBS Group reduced their target price on Landstar System from $154.00 to $149.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 30th. Evercore ISI cut their price objective on Landstar System from $135.00 to $132.00 and set an "in-line" rating on the stock in a report on Wednesday, July 30th. Baird R W upgraded Landstar System to a "strong-buy" rating in a report on Tuesday, July 1st. Wall Street Zen downgraded Landstar System from a "hold" rating to a "sell" rating in a report on Saturday, July 12th. Finally, TD Cowen dropped their price objective on Landstar System from $141.00 to $135.00 and set a "hold" rating on the stock in a report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $145.17.

Landstar System Stock Performance

Shares of LSTR stock opened at $129.88 on Friday. Landstar System, Inc. has a 1 year low of $123.43 and a 1 year high of $196.86. The stock has a market cap of $4.50 billion, a PE ratio of 27.23 and a beta of 0.86. The stock has a fifty day moving average price of $136.58 and a 200 day moving average price of $142.60. 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 released its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $1.16 by $0.04. Landstar System had a return on equity of 17.49% and a net margin of 3.51%.The company 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 posted $1.48 earnings per share. The business's revenue for the quarter was down 1.1% compared to the same quarter last year. Sell-side analysts forecast that Landstar System, Inc. will post 6.1 earnings per share for the current fiscal year.

Landstar System Announces Dividend

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

About Landstar System

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.

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