Inspire Investing LLC Has $1.32 Million Stock Position in Landstar System, Inc. (NASDAQ:LSTR)

Inspire Investing LLC cut its holdings in Landstar System, Inc. (NASDAQ:LSTR) by 2.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 6,966 shares of the transportation company’s stock after selling 189 shares during the quarter. Inspire Investing LLC’s holdings in Landstar System were worth $1,316,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Victory Capital Management Inc. increased its holdings in shares of Landstar System by 6.2% during the second quarter. Victory Capital Management Inc. now owns 1,697,093 shares of the transportation company’s stock worth $313,080,000 after buying an additional 99,461 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in shares of Landstar System by 21.4% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 337,271 shares of the transportation company’s stock valued at $65,013,000 after purchasing an additional 59,530 shares in the last quarter. Janus Henderson Group PLC grew its stake in Landstar System by 30.9% during the first quarter. Janus Henderson Group PLC now owns 180,955 shares of the transportation company’s stock worth $34,880,000 after purchasing an additional 42,740 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Landstar System by 6.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 594,895 shares of the transportation company’s stock worth $109,743,000 after buying an additional 37,020 shares during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Landstar System in the first quarter worth $5,366,000. Institutional investors own 97.95% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on LSTR. The Goldman Sachs Group decreased their price objective on Landstar System from $165.00 to $158.00 and set a “sell” rating for the company in a report on Wednesday, October 9th. Morgan Stanley dropped their price target on shares of Landstar System from $147.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Monday, July 8th. TD Cowen boosted their price objective on Landstar System from $171.00 to $176.00 and gave the stock a “hold” rating in a report on Wednesday, July 31st. Wolfe Research lowered Landstar System from an “outperform” rating to a “peer perform” rating in a report on Thursday, July 11th. Finally, Susquehanna lifted their target price on Landstar System from $160.00 to $165.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Landstar System has a consensus rating of “Hold” and a consensus target price of $177.25.

Landstar System Stock Up 3.0 %

Shares of NASDAQ:LSTR opened at $187.78 on Monday. The company has a market capitalization of $6.72 billion, a PE ratio of 28.89 and a beta of 0.80. Landstar System, Inc. has a 1 year low of $161.13 and a 1 year high of $201.40. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.17 and a quick ratio of 2.17. The business has a fifty day moving average price of $184.31 and a two-hundred day moving average price of $182.67.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.02. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.25 billion. Landstar System had a net margin of 4.49% and a return on equity of 21.69%. The firm’s quarterly revenue was down 10.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.85 earnings per share. Analysts forecast that Landstar System, Inc. will post 5.85 earnings per share for the current year.

Landstar System Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 20th were paid a $0.36 dividend. This is an increase from Landstar System’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $1.44 annualized dividend and a yield of 0.77%. Landstar System’s dividend payout ratio is presently 22.15%.

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.