Gallacher Capital Management LLC Buys New Position in Landstar System, Inc. (NASDAQ:LSTR)

Gallacher Capital Management LLC purchased a new position in shares of Landstar System, Inc. (NASDAQ:LSTR) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,095 shares of the transportation company’s stock, valued at approximately $211,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Mather Group LLC. acquired a new stake in Landstar System during the first quarter worth approximately $27,000. SRS Capital Advisors Inc. increased its stake 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 valued at $37,000 after acquiring an additional 130 shares in the last quarter. Montag A & Associates Inc. acquired a new position in shares of Landstar System during the 4th quarter valued at $48,000. GAMMA Investing LLC bought a new position in Landstar System during the fourth quarter worth $58,000. Finally, Fidelis Capital Partners LLC acquired a new stake in Landstar System in the first quarter worth $86,000. Institutional investors and hedge funds own 97.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Wolfe Research lowered shares of Landstar System from an “outperform” rating to a “peer perform” rating in a report on Thursday. Evercore ISI raised their price objective on Landstar System from $161.00 to $173.00 and gave the company an “in-line” rating in a research note on Tuesday, June 25th. Benchmark reaffirmed a “hold” rating on shares of Landstar System in a research report on Friday, April 26th. Susquehanna reduced their price target on shares of Landstar System from $165.00 to $160.00 and set a “neutral” rating for the company in a research report on Friday, April 26th. Finally, Raymond James assumed coverage on shares of Landstar System in a research note on Wednesday, May 15th. They set an “outperform” rating and a $205.00 price target for the company. Eleven research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $182.55.

Landstar System Stock Up 1.8 %

Landstar System stock traded up $3.16 during midday trading on Friday, hitting $181.73. 56,759 shares of the stock were exchanged, compared to its average volume of 269,464. Landstar System, Inc. has a 52-week low of $161.13 and a 52-week high of $208.62. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.04. The business’s 50-day moving average price is $181.30 and its 200-day moving average price is $185.39. The stock has a market capitalization of $6.50 billion, a price-to-earnings ratio of 27.68 and a beta of 0.80.

Landstar System (NASDAQ:LSTR) last announced its earnings results on Wednesday, April 24th. The transportation company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 23.11% and a net margin of 4.63%. On average, research analysts expect that Landstar System, Inc. will post 6.29 EPS for the current fiscal year.

Landstar System Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Wednesday, May 8th were paid a $0.33 dividend. The ex-dividend date was Tuesday, May 7th. This represents a $1.32 dividend on an annualized basis and a yield of 0.73%. Landstar System’s dividend payout ratio (DPR) is presently 20.31%.

About Landstar System

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.