Mountain Pacific Investment Advisers LLC Has $25.03 Million Holdings in Landstar System, Inc. $LSTR

Key Points

• Mountain Pacific Investment Advisers LLC has reduced its holdings in Landstar System by 3.7%, now owning 180,014 shares valued at approximately $25 million, which constitutes 1.8% of their total holdings.
• Landstar System reported a net margin of 3.51% and earnings per share of $1.20 for the last quarter, slightly exceeding analyst expectations.
• Various brokerages have adjusted their ratings for Landstar System, with a consensus rating of "Hold" and an average price target of $144.58.

Mountain Pacific Investment Advisers LLC lessened its position in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 3.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 180,014 shares of the transportation company's stock after selling 6,953 shares during the period. Landstar System accounts for 1.8% of Mountain Pacific Investment Advisers LLC's holdings, making the stock its 23rd biggest holding. Mountain Pacific Investment Advisers LLC owned about 0.52% of Landstar System worth $25,026,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of LSTR. Alpine Bank Wealth Management acquired a new position in shares of Landstar System in the 1st quarter valued at about $25,000. Geneos Wealth Management Inc. lifted its stake in shares of Landstar System by 132.7% in 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 period. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Landstar System by 118.8% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 280 shares of the transportation company's stock valued at $39,000 after purchasing an additional 152 shares during the period. Golden State Wealth Management LLC lifted its stake in shares of Landstar System by 106.2% in the 1st quarter. Golden State Wealth Management LLC now owns 299 shares of the transportation company's stock valued at $45,000 after purchasing an additional 154 shares during the period. Finally, Brooklyn Investment Group lifted its stake 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. Institutional investors own 97.95% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on LSTR. JPMorgan Chase & Co. lowered their price objective on Landstar System from $139.00 to $138.00 and set a "neutral" rating for the company in a research note on Tuesday, July 8th. Zacks Research raised Landstar System from a "strong sell" rating to a "hold" rating in a research report on Monday, September 8th. Wall Street Zen raised shares of Landstar System from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. TD Cowen reduced their target price on shares of Landstar System from $141.00 to $135.00 and set a "hold" rating for the company in a research note on Wednesday, July 30th. Finally, Barclays assumed coverage on shares of Landstar System in a research report on Monday, June 9th. They set an "equal weight" rating and a $145.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Landstar System has a consensus rating of "Hold" and an average target price of $144.58.

Landstar System Trading Down 0.7%

NASDAQ:LSTR opened at $121.67 on Thursday. Landstar System, Inc. has a 12 month low of $119.32 and a 12 month high of $196.86. 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 firm's 50 day moving average is $129.97 and its 200 day moving average is $136.67. The stock has a market capitalization of $4.22 billion, a PE ratio of 25.51 and a beta of 0.82.

Landstar System (NASDAQ:LSTR - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.04. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.21 billion. Landstar System had a return on equity of 17.49% and a net margin of 3.51%.Landstar System's revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.48 earnings per share. Sell-side analysts expect that Landstar System, Inc. will post 6.1 earnings per share for the current year.

Landstar System Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 9th. Shareholders of record on Tuesday, August 19th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $1.60 annualized dividend and a yield of 1.3%. 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.

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