Landstar System, Inc. (LSTR) is Royce & Associates LP’s 6th Largest Position

Royce & Associates LP decreased its holdings in Landstar System, Inc. (NASDAQ:LSTR) by 6.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,273,166 shares of the transportation company’s stock after selling 82,444 shares during the quarter. Landstar System comprises approximately 0.8% of Royce & Associates LP’s portfolio, making the stock its 6th biggest holding. Royce & Associates LP owned about 3.03% of Landstar System worth $126,871,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Chicago Equity Partners LLC raised its position in Landstar System by 22.7% in the second quarter. Chicago Equity Partners LLC now owns 48,790 shares of the transportation company’s stock worth $4,176,000 after acquiring an additional 9,020 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Landstar System by 4.2% in the second quarter. Bank of New York Mellon Corp now owns 551,235 shares of the transportation company’s stock valued at $47,184,000 after buying an additional 22,334 shares in the last quarter. Crawford Investment Counsel Inc. increased its position in shares of Landstar System by 8.5% in the second quarter. Crawford Investment Counsel Inc. now owns 42,028 shares of the transportation company’s stock valued at $3,598,000 after buying an additional 3,280 shares in the last quarter. Great Lakes Advisors LLC increased its position in shares of Landstar System by 22.8% in the second quarter. Great Lakes Advisors LLC now owns 25,085 shares of the transportation company’s stock valued at $2,147,000 after buying an additional 4,655 shares in the last quarter. Finally, Cubist Systematic Strategies LLC increased its position in shares of Landstar System by 109.2% in the second quarter. Cubist Systematic Strategies LLC now owns 4,328 shares of the transportation company’s stock valued at $370,000 after buying an additional 2,259 shares in the last quarter. Hedge funds and other institutional investors own 97.96% of the company’s stock.

A number of research analysts have recently weighed in on LSTR shares. Robert W. Baird restated a “hold” rating and issued a $102.00 price target on shares of Landstar System in a research report on Friday, October 6th. Stifel Nicolaus restated a “buy” rating and issued a $95.00 price target on shares of Landstar System in a research report on Tuesday, September 12th. Stephens upgraded Landstar System from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $88.00 to $103.00 in a research report on Wednesday, August 30th. Buckingham Research raised their price target on Landstar System from $103.00 to $106.00 and gave the company a “neutral” rating in a research report on Friday, October 27th. Finally, Credit Suisse Group restated a “neutral” rating and issued a $97.00 price target (up previously from $84.00) on shares of Landstar System in a research report on Tuesday, October 31st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $96.67.

In related news, CEO James B. Gattoni sold 15,000 shares of Landstar System stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $98.72, for a total transaction of $1,480,800.00. Following the completion of the sale, the chief executive officer now owns 69,339 shares in the company, valued at approximately $6,845,146.08. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO L Kevin Stout sold 5,000 shares of Landstar System stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $99.00, for a total value of $495,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 40,805 shares of company stock valued at $4,028,128. 1.00% of the stock is currently owned by company insiders.

Shares of Landstar System, Inc. (LSTR) opened at $102.10 on Wednesday. The company has a market capitalization of $4,280.00, a PE ratio of 28.42, a P/E/G ratio of 2.07 and a beta of 0.81. Landstar System, Inc. has a 52-week low of $80.00 and a 52-week high of $104.80. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.96 and a current ratio of 1.96.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings data on Wednesday, October 25th. The transportation company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.05. The firm had revenue of $943.40 million during the quarter, compared to analysts’ expectations of $895.31 million. Landstar System had a return on equity of 25.53% and a net margin of 4.36%. The firm’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.86 EPS. analysts expect that Landstar System, Inc. will post 3.68 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Tuesday, November 14th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date is Monday, November 13th. Landstar System’s dividend payout ratio is presently 11.05%.

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Landstar System Company Profile

Landstar System, Inc (Landstar) is an asset-light provider of integrated transportation management solutions. The Company offers services to its customers across multiple transportation modes, with the ability to arrange for individual shipments of freight to enterprise solutions to manage customer’s transportation needs.

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Institutional Ownership by Quarter for Landstar System (NASDAQ:LSTR)

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