Landstar System, Inc. $LSTR Shares Acquired by FORA Capital LLC

Key Points

• FORA Capital LLC increased its investment in Landstar System, Inc. by 159.1% in Q1, acquiring additional shares worth a total of $605,000.
• Landstar System reported $1.20 EPS for its latest quarter, exceeding estimates, despite a 1.1% decline in revenue year-over-year.
• The company recently declared a quarterly $0.40 per share dividend, with a dividend yield of 1.2% and a payout ratio of 33.54%.

FORA Capital LLC increased its stake in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 159.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,029 shares of the transportation company's stock after purchasing an additional 2,474 shares during the quarter. FORA Capital LLC's holdings in Landstar System were worth $605,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ameriprise Financial Inc. grew its stake in Landstar System by 120.7% during the 4th quarter. Ameriprise Financial Inc. now owns 165,297 shares of the transportation company's stock worth $28,408,000 after purchasing an additional 90,391 shares in the last quarter. Principal Financial Group Inc. grew its stake in Landstar System by 0.3% during the 1st quarter. Principal Financial Group Inc. now owns 81,244 shares of the transportation company's stock worth $12,203,000 after purchasing an additional 213 shares in the last quarter. Golden State Wealth Management LLC grew its stake in Landstar System by 106.2% during the 1st quarter. Golden State Wealth Management LLC now owns 299 shares of the transportation company's stock worth $45,000 after purchasing an additional 154 shares in the last quarter. Brown Advisory Inc. boosted its position in shares of Landstar System by 31.7% during the 1st quarter. Brown Advisory Inc. now owns 8,156 shares of the transportation company's stock worth $1,225,000 after acquiring an additional 1,961 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of Landstar System by 1.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 197,786 shares of the transportation company's stock worth $29,707,000 after acquiring an additional 2,318 shares in the last quarter. 97.95% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. TD Cowen lowered their price objective on Landstar System from $141.00 to $135.00 and set a "hold" rating for the company in a research report on Wednesday, July 30th. UBS Group lowered their price objective on Landstar System from $154.00 to $149.00 and set a "neutral" rating for the company in a research report on Wednesday, July 30th. Baird R W raised Landstar System to a "strong-buy" rating in a research report on Tuesday, July 1st. Robert W. Baird assumed coverage on Landstar System in a research report on Tuesday, July 1st. They set an "outperform" rating and a $166.00 price objective for the company. Finally, Evercore ISI lowered their price objective on Landstar System from $135.00 to $132.00 and set an "in-line" rating for the company in a research report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $145.17.

Landstar System Stock Performance

LSTR traded up $0.52 on Friday, hitting $132.33. 286,158 shares of the company traded hands, compared to its average volume of 380,166. The company has a 50 day moving average of $136.06 and a 200-day moving average of $141.31. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $4.59 billion, a PE ratio of 27.74 and a beta of 0.86. Landstar System, Inc. has a 12-month low of $123.43 and a 12-month 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 EPS for the quarter, beating the consensus estimate 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 return on equity of 17.49% and a net margin of 3.51%.The firm's revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.48 EPS. Sell-side analysts anticipate that Landstar System, Inc. will post 6.1 earnings per share for the current year.

Landstar System Announces Dividend

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

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.