Landstar System, Inc. (NASDAQ:LSTR) Shares Acquired by Swiss National Bank

Swiss National Bank grew its holdings in Landstar System, Inc. (NASDAQ:LSTR) by 1.3% in the 2nd quarter, Holdings Channel.com reports. The fund owned 78,500 shares of the transportation company’s stock after buying an additional 1,000 shares during the period. Swiss National Bank’s holdings in Landstar System were worth $15,114,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in LSTR. Your Advocates Ltd. LLP boosted its holdings in Landstar System by 500.0% in the second quarter. Your Advocates Ltd. LLP now owns 150 shares of the transportation company’s stock worth $29,000 after acquiring an additional 125 shares in the last quarter. Belpointe Asset Management LLC lifted its holdings in shares of Landstar System by 150.7% during the first quarter. Belpointe Asset Management LLC now owns 356 shares of the transportation company’s stock worth $64,000 after purchasing an additional 214 shares during the period. Trivant Custom Portfolio Group LLC acquired a new stake in shares of Landstar System during the first quarter worth about $79,000. Bessemer Group Inc. lifted its holdings in shares of Landstar System by 56.5% during the first quarter. Bessemer Group Inc. now owns 778 shares of the transportation company’s stock worth $140,000 after purchasing an additional 281 shares during the period. Finally, Spire Wealth Management lifted its holdings in shares of Landstar System by 60.9% during the first quarter. Spire Wealth Management now owns 793 shares of the transportation company’s stock worth $142,000 after purchasing an additional 300 shares during the period. Institutional investors and hedge funds own 99.52% of the company’s stock.

Landstar System Stock Up 0.2 %

Shares of LSTR opened at $173.29 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.08 and a current ratio of 2.08. Landstar System, Inc. has a one year low of $160.05 and a one year high of $208.62. The stock has a market capitalization of $6.23 billion, a price-to-earnings ratio of 20.80 and a beta of 0.88. The stock has a 50 day moving average price of $174.71 and a 200 day moving average price of $184.05.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings results on Wednesday, October 25th. The transportation company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.70 by $0.01. Landstar System had a return on equity of 31.06% and a net margin of 5.19%. The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the previous year, the business earned $2.76 earnings per share. The firm’s revenue for the quarter was down 29.0% on a year-over-year basis. Equities research analysts forecast that Landstar System, Inc. will post 7.43 earnings per share for the current fiscal year.

Landstar System Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 7th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Monday, November 6th. Landstar System’s payout ratio is currently 15.85%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Evercore ISI decreased their price target on Landstar System from $180.00 to $178.00 in a report on Wednesday, September 27th. Morgan Stanley decreased their price target on Landstar System from $150.00 to $145.00 and set an “equal weight” rating for the company in a report on Monday, October 30th. Stephens reduced their target price on Landstar System from $210.00 to $190.00 and set an “equal weight” rating for the company in a research note on Friday, October 27th. Susquehanna reduced their target price on Landstar System from $196.00 to $180.00 and set a “neutral” rating for the company in a research note on Tuesday, October 3rd. Finally, Stifel Nicolaus reduced their target price on Landstar System from $185.00 to $177.00 and set a “hold” rating for the company in a research note on Monday, October 16th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, Landstar System presently has a consensus rating of “Hold” and an average target price of $186.60.

Landstar System Profile

Landstar System, Inc provides integrated transportation management solutions in the United States, Canada, Mexico, and internationally. The company 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, small package and less-than-truckload service providers.