Inspire Investing LLC Sells 5,255 Shares of Landstar System, Inc. $LSTR

Key Points

• Inspire Investing LLC significantly reduced its holdings in Landstar System, selling 5,255 shares for a total decrease of 69.6%, leaving them with 2,294 shares valued at approximately $345,000.
• Landstar System reported a net margin of 3.51% and a return on equity of 17.49% in its recent quarterly earnings, with revenue totaling $1.21 billion, down 1.1% year-over-year.
• The company announced a quarterly dividend of $0.40 per share, resulting in an annualized dividend yield of 1.2%, with a payout ratio of 33.54%.

Inspire Investing LLC cut its holdings in Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 69.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,294 shares of the transportation company's stock after selling 5,255 shares during the period. Inspire Investing LLC's holdings in Landstar System were worth $345,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of LSTR. 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 stake 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 worth $37,000 after purchasing an additional 142 shares during the last quarter. Golden State Wealth Management LLC increased its stake in shares of 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 during the last quarter. Brooklyn Investment Group raised its holdings in shares of Landstar System by 352.2% in the 1st quarter. Brooklyn Investment Group now owns 312 shares of the transportation company's stock valued at $47,000 after purchasing an additional 243 shares during the period. Finally, First Horizon Advisors Inc. lifted its stake in Landstar System by 35.3% in the 1st quarter. First Horizon Advisors Inc. now owns 322 shares of the transportation company's stock valued at $48,000 after purchasing an additional 84 shares during the last quarter. Institutional investors own 97.95% of the company's stock.

Landstar System Stock Performance

Shares of Landstar System stock opened at $129.04 on Tuesday. 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 market cap of $4.47 billion, a PE ratio of 27.05 and a beta of 0.84. The company has a 50 day moving average of $133.75 and a 200-day moving average of $139.05. Landstar System, Inc. has a 1-year low of $123.43 and a 1-year high of $196.86.

Landstar System (NASDAQ:LSTR - Get Free Report) last announced 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. Landstar System had a net margin of 3.51% and a return on equity of 17.49%. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the previous year, the business earned $1.48 earnings per share. The company's revenue was down 1.1% on a year-over-year basis. As a group, equities research 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 was paid on Tuesday, September 9th. Investors of record on Tuesday, August 19th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Tuesday, August 19th. Landstar System's dividend payout ratio is currently 33.54%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on LSTR. UBS Group lowered their price target 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. Zacks Research raised Landstar System from a "strong sell" rating to a "hold" rating in a report on Monday, September 8th. Barclays assumed coverage on Landstar System in a research note on Monday, June 9th. They issued an "equal weight" rating and a $145.00 price target on the stock. Robert W. Baird began coverage on shares of 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, Wall Street Zen upgraded Landstar System from a "sell" rating to a "hold" rating in a report on Saturday. 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 stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $145.17.

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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