Landstar System, Inc. (NASDAQ:LSTR) Stock Position Raised by Raymond James & Associates

Raymond James & Associates boosted its stake in Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 3.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 150,764 shares of the transportation company's stock after buying an additional 4,345 shares during the period. Raymond James & Associates owned 0.42% of Landstar System worth $28,475,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Mather Group LLC. acquired a new stake in Landstar System in the first quarter worth $27,000. Massmutual Trust Co. FSB ADV increased its holdings in shares of Landstar System by 108.8% during the second quarter. Massmutual Trust Co. FSB ADV now owns 142 shares of the transportation company's stock valued at $26,000 after purchasing an additional 74 shares during the period. Quest Partners LLC acquired a new position in shares of Landstar System during the second quarter valued at $73,000. Fidelis Capital Partners LLC acquired a new position in shares of Landstar System during the first quarter valued at $86,000. Finally, GAMMA Investing LLC increased its holdings in shares of Landstar System by 58.1% during the second quarter. GAMMA Investing LLC now owns 498 shares of the transportation company's stock valued at $92,000 after purchasing an additional 183 shares during the period. 97.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LSTR has been the topic of a number of research analyst reports. TD Cowen raised their price target on Landstar System from $171.00 to $176.00 and gave the company a "hold" rating in a report on Wednesday, July 31st. Raymond James lowered their price target on Landstar System from $205.00 to $195.00 and set an "outperform" rating on the stock in a report on Wednesday, July 31st. JPMorgan Chase & Co. raised their price target on Landstar System from $182.00 to $188.00 and gave the company a "neutral" rating in a report on Wednesday, July 31st. Benchmark reaffirmed a "hold" rating on shares of Landstar System in a research note on Wednesday, July 31st. Finally, The Goldman Sachs Group decreased their target price on Landstar System from $165.00 to $158.00 and set a "sell" rating for the company in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $177.25.

Landstar System Trading Down 1.0 %

Shares of NASDAQ:LSTR traded down $1.84 during midday trading on Thursday, reaching $178.19. The company had a trading volume of 195,463 shares, compared to its average volume of 259,247. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.17 and a current ratio of 2.17. Landstar System, Inc. has a 1-year low of $161.13 and a 1-year high of $201.40. The firm has a market cap of $6.37 billion, a price-to-earnings ratio of 27.41 and a beta of 0.80. The company has a fifty day simple moving average of $183.98 and a two-hundred day simple moving average of $182.46.

Landstar System (NASDAQ:LSTR - Get Free Report) last released its quarterly earnings results on Tuesday, July 30th. The transportation company reported $1.48 earnings per share for the quarter, beating analysts' consensus estimates of $1.46 by $0.02. Landstar System had a return on equity of 21.69% and a net margin of 4.49%. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter last year, the company posted $1.85 EPS. Landstar System's revenue for the quarter was down 10.8% on a year-over-year basis. Research analysts predict that Landstar System, Inc. will post 5.85 earnings per share for the current year.

Landstar System Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 20th were given a dividend of $0.36 per share. The ex-dividend date was Tuesday, August 20th. This is a positive change from Landstar System's previous quarterly dividend of $0.33. This represents a $1.44 dividend on an annualized basis and a yield of 0.81%. Landstar System's dividend payout ratio (DPR) is presently 22.15%.

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.