Landstar System, Inc. (NASDAQ:LSTR) Stock Holdings Trimmed by WCM Investment Management LLC

WCM Investment Management LLC lowered its position in Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 2.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,806 shares of the transportation company's stock after selling 3,567 shares during the quarter. WCM Investment Management LLC owned 0.43% of Landstar System worth $22,372,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Colonial Trust Co SC lifted its stake in shares of Landstar System by 61.7% in the fourth quarter. Colonial Trust Co SC now owns 186 shares of the transportation company's stock worth $32,000 after acquiring an additional 71 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Landstar System by 2.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,099 shares of the transportation company's stock worth $465,000 after purchasing an additional 85 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in Landstar System by 1.7% during the 1st quarter. State of Alaska Department of Revenue now owns 6,135 shares of the transportation company's stock worth $921,000 after purchasing an additional 105 shares during the last quarter. Huntington National Bank raised its position in shares of Landstar System by 12.2% in the 4th quarter. Huntington National Bank now owns 1,037 shares of the transportation company's stock valued at $178,000 after purchasing an additional 113 shares in the last quarter. Finally, Fifth Third Bancorp boosted its stake in shares of Landstar System by 10.1% during the 1st quarter. Fifth Third Bancorp now owns 1,231 shares of the transportation company's stock valued at $185,000 after buying an additional 113 shares during the last quarter. 97.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on LSTR. Barclays began coverage on shares of Landstar System in a research note on Monday, June 9th. They issued an "equal weight" rating and a $145.00 price target for the company. Wall Street Zen upgraded shares of Landstar System from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. Jefferies Financial Group reduced 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 report on Friday, April 11th. JPMorgan Chase & Co. decreased their price target on Landstar System from $177.00 to $147.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Finally, Susquehanna restated a "neutral" rating and set a $125.00 price objective (up previously from $120.00) on shares of Landstar System in a research note on Tuesday, June 24th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $151.50.

Landstar System Stock Performance

Shares of Landstar System stock traded up $1.29 on Wednesday, reaching $146.55. 271,256 shares of the company were exchanged, compared to its average volume of 303,006. The firm has a market cap of $5.12 billion, a price-to-earnings ratio of 29.02 and a beta of 0.88. Landstar System, Inc. has a 1-year low of $128.99 and a 1-year high of $196.86. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.03 and a current ratio of 2.03. The company's 50-day moving average is $138.58 and its two-hundred day moving average is $151.93.

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

Landstar System Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 24th. Shareholders of record on Thursday, June 5th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.09%. 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 payout ratio is presently 31.68%.

Landstar System Company 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.