Eukles Asset Management increased its holdings in Landstar System, Inc. (NASDAQ:LSTR) by 1.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,610 shares of the transportation company’s stock after purchasing an additional 98 shares during the quarter. Eukles Asset Management’s holdings in Landstar System were worth $822,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Victory Capital Management Inc. lifted its holdings in Landstar System by 21.1% in the first quarter. Victory Capital Management Inc. now owns 2,080,700 shares of the transportation company’s stock valued at $227,607,000 after buying an additional 361,977 shares during the period. BlackRock Inc. lifted its holdings in Landstar System by 5.2% in the first quarter. BlackRock Inc. now owns 5,689,622 shares of the transportation company’s stock valued at $622,387,000 after buying an additional 278,921 shares during the period. Impala Asset Management LLC acquired a new position in Landstar System in the first quarter valued at $25,012,000. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in Landstar System by 2,928.2% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 225,451 shares of the transportation company’s stock valued at $24,662,000 after buying an additional 218,006 shares during the period. Finally, Investec Asset Management LTD acquired a new position in Landstar System in the second quarter valued at $12,673,000. 98.66% of the stock is currently owned by institutional investors.
Shares of NASDAQ LSTR traded down $2.02 during trading on Thursday, hitting $104.71. 6,599 shares of the company traded hands, compared to its average volume of 347,065. The firm has a fifty day moving average of $109.18. Landstar System, Inc. has a fifty-two week low of $90.23 and a fifty-two week high of $128.70. The firm has a market cap of $4.26 billion, a price-to-earnings ratio of 17.00, a price-to-earnings-growth ratio of 1.45 and a beta of 1.27. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.98 and a quick ratio of 1.98.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Monday, August 12th will be issued a dividend of $0.185 per share. The ex-dividend date of this dividend is Friday, August 9th. This represents a $0.74 annualized dividend and a dividend yield of 0.71%. This is a positive change from Landstar System’s previous quarterly dividend of $0.17. Landstar System’s dividend payout ratio is currently 11.97%.
Several research firms recently issued reports on LSTR. Cowen restated a “hold” rating and issued a $119.00 target price on shares of Landstar System in a report on Thursday, July 25th. Buckingham Research dropped their target price on shares of Landstar System from $121.00 to $112.00 and set a “neutral” rating on the stock in a report on Friday, June 7th. Stephens began coverage on shares of Landstar System in a report on Monday, July 1st. They issued a “buy” rating on the stock. Zacks Investment Research upgraded shares of Landstar System from a “sell” rating to a “hold” rating and set a $117.00 target price on the stock in a report on Wednesday, July 31st. Finally, Wolfe Research upgraded shares of Landstar System from an “underperform” rating to a “peer perform” rating in a report on Friday, June 28th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $110.90.
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 service providers.
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