WCM Investment Management LLC Grows Position in Landstar System, Inc. $LSTR

Key Points

• WCM Investment Management LLC increased its stake in Landstar System by 12.6% during the 2nd quarter, owning approximately 0.49% of the company valued at $23.8 million.
• Landstar System reported $1.20 EPS for the last quarter, beating estimates and revealing a net margin of 3.51%, despite a 1.1% decline in revenue compared to the previous year.
• The company announced a quarterly dividend of $0.40 per share, resulting in an annualized yield of 1.3% with a payout ratio of 33.54%.

WCM Investment Management LLC boosted its stake in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 12.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 170,964 shares of the transportation company's stock after purchasing an additional 19,158 shares during the period. WCM Investment Management LLC owned approximately 0.49% of Landstar System worth $23,839,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Alpine Bank Wealth Management purchased a new stake in Landstar System during the 1st quarter worth approximately $25,000. Geneos Wealth Management Inc. boosted its holdings 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 acquiring an additional 142 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings 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 acquiring an additional 152 shares during the last quarter. Golden State Wealth Management LLC boosted its holdings 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 acquiring an additional 154 shares during the last quarter. Finally, Brooklyn Investment Group boosted 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 acquiring an additional 243 shares during the last quarter. Hedge funds and other institutional investors own 97.95% of the company's stock.

Landstar System Stock Performance

LSTR opened at $126.42 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.00 and a quick ratio of 2.00. The firm has a fifty day moving average price of $128.09 and a 200 day moving average price of $135.05. Landstar System, Inc. has a 1 year low of $119.32 and a 1 year high of $196.86. The stock has a market cap of $4.38 billion, a P/E ratio of 26.50 and a beta of 0.82.

Landstar System (NASDAQ:LSTR - Get Free Report) last posted its earnings results on Tuesday, July 29th. The transportation company reported $1.20 earnings per share (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 firm had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.21 billion. During the same period in the previous year, the business posted $1.48 EPS. The business's revenue was down 1.1% compared to the same quarter last year. Equities research analysts anticipate that Landstar System, Inc. will post 6.1 earnings per share for the current year.

Landstar System Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 9th. Shareholders of record on Tuesday, August 19th were given a dividend of $0.40 per share. The ex-dividend date was Tuesday, August 19th. This represents a $1.60 dividend on an annualized basis and a yield of 1.3%. Landstar System's dividend payout ratio is currently 33.54%.

Analyst Ratings Changes

LSTR has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their price objective on shares of Landstar System from $147.00 to $138.00 and set a "neutral" rating on the stock in a report on Wednesday, October 8th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Landstar System in a report on Wednesday, October 8th. Baird R W raised shares of Landstar System to a "strong-buy" rating in a report on Tuesday, July 1st. Susquehanna set a $123.00 price objective on shares of Landstar System and gave the company a "neutral" rating in a report on Wednesday, July 30th. Finally, Wall Street Zen downgraded shares of Landstar System from a "hold" rating to a "sell" rating in a report on Saturday, October 11th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Landstar System currently has an average rating of "Hold" and an average price target of $142.36.

About Landstar System

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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