Copeland Capital Management LLC Buys 49,353 Shares of Landstar System, Inc. $LSTR

Key Points

• Copeland Capital Management LLC increased its stake in Landstar System, Inc. by 13.1% during the 2nd quarter, now owning approximately 1.22% of the company valued at $59.1 million.
• Landstar reported $1.20 EPS for the last quarter, exceeding estimates of $1.16, but experienced a 1.1% decline in revenue compared to the previous year.
• The company declared a quarterly dividend of $0.40, with a total annualized dividend yield of 1.3% and a payout ratio of 33.54%.

Copeland Capital Management LLC increased its stake in Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 13.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 425,443 shares of the transportation company's stock after acquiring an additional 49,353 shares during the period. Copeland Capital Management LLC owned about 1.22% of Landstar System worth $59,145,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Alpine Bank Wealth Management bought a new stake in Landstar System during the first quarter worth about $25,000. Geneos Wealth Management Inc. increased its position in shares of Landstar System by 132.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the transportation company's stock valued at $37,000 after purchasing an additional 142 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Landstar System by 118.8% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 280 shares of the transportation company's stock valued at $39,000 after buying an additional 152 shares in the last quarter. Golden State Wealth Management LLC lifted its position in Landstar System by 106.2% in the 1st quarter. Golden State Wealth Management LLC now owns 299 shares of the transportation company's stock worth $45,000 after buying an additional 154 shares during the last quarter. Finally, Brooklyn Investment Group boosted its stake in Landstar System by 352.2% in the first quarter. Brooklyn Investment Group now owns 312 shares of the transportation company's stock worth $47,000 after buying an additional 243 shares in the last quarter. Hedge funds and other institutional investors own 97.95% of the company's stock.

Landstar System Stock Performance

Shares of NASDAQ:LSTR opened at $121.23 on Friday. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.06. The company has a 50-day moving average price of $129.58 and a 200-day moving average price of $136.47. The company has a market cap of $4.20 billion, a price-to-earnings ratio of 25.42 and a beta of 0.82. Landstar System, Inc. has a 12 month low of $119.32 and a 12 month high of $196.86.

Landstar System (NASDAQ:LSTR - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.20 EPS for the quarter, beating 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 business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the prior year, the company posted $1.48 EPS. Landstar System's quarterly revenue was down 1.1% compared to the same quarter last year. As a group, equities analysts anticipate that Landstar System, Inc. will post 6.1 EPS for the current year.

Landstar System Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 9th. Investors of record on Tuesday, August 19th were paid a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $1.60 dividend on an annualized basis and a yield of 1.3%. Landstar System's dividend payout ratio (DPR) is presently 33.54%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Wall Street Zen raised shares of Landstar System from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. Susquehanna set a $123.00 target price on shares of Landstar System and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Barclays lowered their price target on shares of Landstar System from $145.00 to $135.00 and set an "equal weight" rating for the company in a research note on Thursday. Baird R W raised Landstar System to a "strong-buy" rating in a research note on Tuesday, July 1st. Finally, UBS Group decreased their price objective on Landstar System from $154.00 to $149.00 and set a "neutral" rating on the stock 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 issued a Sell rating to the company. According to MarketBeat.com, Landstar System has a consensus rating of "Hold" and an average target price of $143.75.

Landstar System 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.

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