Vestmark Advisory Solutions Inc. Has $5.88 Million Stock Position in Landstar System, Inc. $LSTR

Key Points

• Vestmark Advisory Solutions Inc. increased its stake in Landstar System by 92.9%, owning 39,136 shares worth approximately $5.88 million as of the latest SEC filing.
• Landstar System's quarterly earnings reported an EPS of $1.20, surpassing analysts' expectations of $1.16, despite a 1.1% decline in year-over-year revenue.
• The company declared a quarterly dividend of $0.40, resulting in an annualized yield of 1.2% for shareholders, with a payout ratio of 33.54%.

Vestmark Advisory Solutions Inc. raised its stake in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 92.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,136 shares of the transportation company's stock after purchasing an additional 18,847 shares during the period. Vestmark Advisory Solutions Inc. owned 0.11% of Landstar System worth $5,878,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Landstar System by 16.1% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,764,603 shares of the transportation company's stock valued at $646,985,000 after acquiring an additional 521,695 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Landstar System by 2.1% in the 1st quarter. Victory Capital Management Inc. now owns 1,654,910 shares of the transportation company's stock worth $248,567,000 after buying an additional 33,399 shares during the period. Northern Trust Corp grew its position in shares of Landstar System by 15.6% during the 4th quarter. Northern Trust Corp now owns 672,779 shares of the transportation company's stock worth $115,624,000 after buying an additional 90,672 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Landstar System by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 617,835 shares of the transportation company's stock valued at $106,184,000 after buying an additional 9,190 shares during the period. Finally, First Trust Advisors LP raised its holdings in shares of Landstar System by 28.9% in the fourth quarter. First Trust Advisors LP now owns 526,000 shares of the transportation company's stock valued at $90,398,000 after acquiring an additional 117,961 shares in the last quarter. 97.95% of the stock is currently owned by institutional investors.

Landstar System Stock Performance

Shares of NASDAQ:LSTR traded up $3.4030 on Tuesday, hitting $132.1530. The company's stock had a trading volume of 286,886 shares, compared to its average volume of 370,065. The stock's 50-day moving average is $137.22 and its two-hundred day moving average is $142.99. The company has a market capitalization of $4.58 billion, a price-to-earnings ratio of 27.72 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. 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 earnings results on Tuesday, July 29th. The transportation company reported $1.20 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the previous year, the firm earned $1.48 EPS. The business's revenue for the quarter was down 1.1% on a year-over-year basis. On average, equities research analysts forecast that Landstar System, Inc. will post 6.1 EPS for the current year.

Landstar System Announces Dividend

The company also recently declared 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. 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 dividend payout ratio (DPR) is 33.54%.

Analyst Ratings Changes

LSTR has been the topic of a number of recent research reports. Wall Street Zen downgraded shares of Landstar System from a "hold" rating to a "sell" rating in a research note on Saturday, July 12th. Baird R W upgraded Landstar System to a "strong-buy" rating in a research report on Tuesday, July 1st. UBS Group cut their price target on shares of Landstar System from $154.00 to $149.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 30th. JPMorgan Chase & Co. decreased their price target on Landstar System from $139.00 to $138.00 and set a "neutral" rating for the company in a report on Tuesday, July 8th. Finally, Evercore ISI decreased their price objective on Landstar System from $135.00 to $132.00 and set an "in-line" rating for the company 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, twelve have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average 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.