Seizert Capital Partners LLC Buys Shares of 14,753 Landstar System, Inc. (LSTR)

Seizert Capital Partners LLC bought a new position in Landstar System, Inc. (NASDAQ:LSTR) during the first quarter, HoldingsChannel.com reports. The firm bought 14,753 shares of the transportation company’s stock, valued at approximately $1,614,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC lifted its holdings in shares of Landstar System by 4.8% in the 4th quarter. FMR LLC now owns 908,274 shares of the transportation company’s stock worth $86,895,000 after purchasing an additional 41,830 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Landstar System in the 1st quarter worth $459,000. Texas Permanent School Fund lifted its holdings in shares of Landstar System by 4.1% in the 4th quarter. Texas Permanent School Fund now owns 26,905 shares of the transportation company’s stock worth $2,574,000 after purchasing an additional 1,049 shares in the last quarter. Stone Ridge Asset Management LLC lifted its holdings in shares of Landstar System by 19.5% in the 4th quarter. Stone Ridge Asset Management LLC now owns 34,780 shares of the transportation company’s stock worth $3,327,000 after purchasing an additional 5,675 shares in the last quarter. Finally, Raymond James Trust N.A. lifted its holdings in shares of Landstar System by 2.8% in the 4th quarter. Raymond James Trust N.A. now owns 4,090 shares of the transportation company’s stock worth $391,000 after purchasing an additional 110 shares in the last quarter. Institutional investors own 98.65% of the company’s stock.

In other news, CMO Patrick J. O’malley sold 23,000 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $110.82, for a total transaction of $2,548,860.00. Following the completion of the sale, the chief marketing officer now directly owns 20,929 shares of the company’s stock, valued at approximately $2,319,351.78. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Joseph J. Beacom sold 5,000 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $114.12, for a total value of $570,600.00. Following the sale, the chief operating officer now directly owns 45,924 shares of the company’s stock, valued at $5,240,846.88. The disclosure for this sale can be found here. Insiders sold a total of 53,481 shares of company stock valued at $5,941,557 over the last three months. 1.00% of the stock is currently owned by insiders.

A number of equities research analysts recently commented on the company. BidaskClub raised Landstar System from a “sell” rating to a “hold” rating in a research report on Wednesday, January 30th. Cowen reissued a “hold” rating and issued a $100.00 price target on shares of Landstar System in a research report on Wednesday, January 30th. Buckingham Research set a $115.00 price target on Landstar System and gave the company a “hold” rating in a research report on Saturday, February 2nd. Finally, Stifel Nicolaus increased their price target on Landstar System from $119.00 to $123.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $113.22.

NASDAQ LSTR opened at $106.67 on Monday. The firm has a market capitalization of $4.28 billion, a P/E ratio of 17.26, a P/E/G ratio of 1.39 and a beta of 1.17. Landstar System, Inc. has a 12 month low of $90.23 and a 12 month high of $128.70. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.10.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings results on Wednesday, April 24th. The transportation company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.06. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.04 billion. Landstar System had a return on equity of 37.24% and a net margin of 5.68%. Landstar System’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.37 EPS. Equities analysts expect that Landstar System, Inc. will post 6.41 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Thursday, May 9th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend is Wednesday, May 8th. Landstar System’s payout ratio is currently 10.68%.

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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 service providers.

Further Reading: Derivative

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

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