CW Advisors LLC Boosts Stock Position in Landstar System, Inc. $LSTR

CW Advisors LLC increased its holdings in Landstar System, Inc. (NASDAQ:LSTR) by 180.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 9,133 shares of the transportation company’s stock after buying an additional 5,872 shares during the period. CW Advisors LLC’s holdings in Landstar System were worth $1,270,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. MAI Capital Management lifted its position in Landstar System by 79.3% during the second quarter. MAI Capital Management now owns 242 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 107 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of Landstar System by 132.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the transportation company’s stock valued at $37,000 after buying an additional 142 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Landstar System by 118.8% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 280 shares of the transportation company’s stock valued at $39,000 after acquiring an additional 152 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of Landstar System by 7,650.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 310 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 306 shares during the last quarter. Finally, Brooklyn Investment Group grew its position in Landstar System by 352.2% in the first quarter. Brooklyn Investment Group now owns 312 shares of the transportation company’s stock worth $47,000 after acquiring an additional 243 shares in the last quarter. Hedge funds and other institutional investors own 97.95% of the company’s stock.

Landstar System Stock Performance

Shares of Landstar System stock opened at $142.04 on Monday. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.05. The stock’s fifty day moving average is $128.48 and its two-hundred day moving average is $132.66. Landstar System, Inc. has a 52 week low of $119.32 and a 52 week high of $190.69. The company has a market capitalization of $4.88 billion, a PE ratio of 36.23 and a beta of 0.85.

Landstar System (NASDAQ:LSTR) last released its earnings results on Tuesday, October 28th. The transportation company reported $1.22 earnings per share for the quarter, missing the consensus estimate of $1.24 by ($0.02). The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.21 billion. Landstar System had a return on equity of 17.24% and a net margin of 2.87%.The firm’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter last year, the business posted $1.41 earnings per share. As a group, analysts expect that Landstar System, Inc. will post 6.1 earnings per share for the current year.

Landstar System Dividend Announcement

The business also recently disclosed an annual dividend, which will be paid on Wednesday, January 21st. Shareholders of record on Tuesday, January 6th will be given a $2.00 dividend. This represents a yield of 142.0%. The ex-dividend date of this dividend is Tuesday, January 6th. Landstar System’s payout ratio is 40.82%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on LSTR shares. Barclays decreased their price objective on Landstar System from $135.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 30th. Evercore ISI decreased their price target on Landstar System from $132.00 to $125.00 and set an “in-line” rating on the stock in a report on Tuesday, September 30th. JPMorgan Chase & Co. dropped their price objective on shares of Landstar System from $138.00 to $134.00 and set a “neutral” rating for the company in a research note on Wednesday, October 29th. Truist Financial cut their price objective on shares of Landstar System from $135.00 to $130.00 and set a “hold” rating on the stock in a research report on Wednesday, October 29th. Finally, Wall Street Zen raised shares of Landstar System from a “sell” rating to a “hold” rating in a research note on Friday, November 28th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Landstar System has a consensus rating of “Hold” and an average price target of $135.55.

Landstar System 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.