3,012 Shares in Landstar System, Inc. (NASDAQ:LSTR) Purchased by MQS Management LLC

MQS Management LLC acquired a new stake in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,012 shares of the transportation company's stock, valued at approximately $452,000.

Other large investors have also made changes to their positions in the company. Ameriprise Financial Inc. raised its holdings in Landstar System by 120.7% in the 4th quarter. Ameriprise Financial Inc. now owns 165,297 shares of the transportation company's stock valued at $28,408,000 after acquiring an additional 90,391 shares during the last quarter. Golden State Wealth Management LLC grew its position in shares of Landstar System by 106.2% in the first 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. SG Americas Securities LLC acquired a new position in Landstar System in the first quarter valued at $948,000. Oppenheimer Asset Management Inc. acquired a new position in Landstar System in the first quarter valued at $816,000. Finally, Pictet Asset Management Holding SA lifted its position in Landstar System by 14.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 5,392 shares of the transportation company's stock worth $927,000 after buying an additional 665 shares during the period. Institutional investors and hedge funds own 97.95% of the company's stock.

Landstar System Stock Down 2.3%

NASDAQ:LSTR traded down $3.26 during mid-day trading on Monday, hitting $140.00. The company had a trading volume of 325,561 shares, compared to its average volume of 362,856. The business has a fifty day simple moving average of $139.98 and a 200-day simple moving average of $149.98. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.07. Landstar System, Inc. has a 1 year low of $128.99 and a 1 year high of $196.86. The firm has a market capitalization of $4.89 billion, a price-to-earnings ratio of 27.72 and a beta of 0.88.

Landstar System (NASDAQ:LSTR - Get Free Report) last posted its earnings results on Tuesday, May 13th. The transportation company reported $0.85 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.92 by ($0.07). The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.13 billion. Landstar System had a net margin of 3.72% and a return on equity of 18.23%. Landstar System's quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.32 EPS. Equities analysts forecast that Landstar System, Inc. will post 6.1 earnings per share for the current fiscal year.

Landstar System Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 24th. Investors of record on Thursday, June 5th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.14%. This is a positive change from Landstar System's previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Thursday, June 5th. Landstar System's dividend payout ratio (DPR) is presently 31.68%.

Wall Street Analyst Weigh In

Several research firms have commented on LSTR. Stifel Nicolaus lowered their price target on Landstar System from $147.00 to $140.00 and set a "hold" rating for the company in a report on Wednesday, May 14th. UBS Group set a $154.00 target price on shares of Landstar System in a report on Wednesday, May 14th. JPMorgan Chase & Co. dropped their price target on shares of Landstar System from $139.00 to $138.00 and set a "neutral" rating for the company in a research report on Tuesday, July 8th. Jefferies Financial Group cut their price target on shares of Landstar System from $170.00 to $150.00 and set a "hold" rating on the stock in a research note on Friday, April 11th. Finally, Susquehanna reissued a "neutral" rating and set a $125.00 price objective (up from $120.00) on shares of Landstar System in a research note on Tuesday, June 24th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $151.31.

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.