Cardinal Capital Management Buys 2,126 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Cardinal Capital Management raised its stake in shares of Landstar System, Inc. (NASDAQ:LSTR) by 12.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,367 shares of the transportation company’s stock after purchasing an additional 2,126 shares during the period. Cardinal Capital Management owned 0.05% of Landstar System worth $3,733,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of LSTR. Mather Group LLC. bought a new stake in Landstar System in the first quarter worth $27,000. SRS Capital Advisors Inc. lifted its holdings in shares of Landstar System by 209.7% in the 4th quarter. SRS Capital Advisors Inc. now owns 192 shares of the transportation company’s stock worth $37,000 after acquiring an additional 130 shares during the last quarter. Montag A & Associates Inc. purchased a new position in shares of Landstar System during the 4th quarter worth about $48,000. GAMMA Investing LLC bought a new position in Landstar System during the 4th quarter valued at about $58,000. Finally, Larson Financial Group LLC raised its position in Landstar System by 77.8% in the 4th quarter. Larson Financial Group LLC now owns 496 shares of the transportation company’s stock worth $96,000 after purchasing an additional 217 shares during the period. 97.95% of the stock is owned by institutional investors.

Landstar System Stock Up 0.0 %

NASDAQ:LSTR traded up $0.01 during mid-day trading on Thursday, hitting $182.56. 227,828 shares of the company’s stock traded hands, compared to its average volume of 264,241. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.22 and a current ratio of 2.22. The company has a market capitalization of $6.53 billion, a P/E ratio of 28.08 and a beta of 0.83. The company has a fifty day moving average of $179.69 and a 200 day moving average of $186.10. Landstar System, Inc. has a twelve month low of $161.13 and a twelve month high of $208.62.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings data on Wednesday, April 24th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.04. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.12 billion. Landstar System had a net margin of 4.63% and a return on equity of 23.11%. On average, analysts forecast that Landstar System, Inc. will post 6.31 EPS for the current year.

Landstar System Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Wednesday, May 8th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $1.32 annualized dividend and a dividend yield of 0.72%. Landstar System’s payout ratio is currently 20.31%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Evercore ISI raised their price target on Landstar System from $161.00 to $173.00 and gave the stock an “in-line” rating in a research note on Tuesday. Benchmark restated a “hold” rating on shares of Landstar System in a report on Friday, April 26th. Raymond James initiated coverage on Landstar System in a research report on Wednesday, May 15th. They set an “outperform” rating and a $205.00 target price for the company. Stifel Nicolaus dropped their price target on Landstar System from $166.00 to $164.00 and set a “hold” rating on the stock in a research report on Monday, April 29th. Finally, Susquehanna decreased their price objective on Landstar System from $165.00 to $160.00 and set a “neutral” rating for the company in a report on Friday, April 26th. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $182.55.

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.