Capco Asset Management LLC cut its stake in Landstar System, Inc. (NASDAQ:LSTR) by 53.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,786 shares of the transportation company’s stock after selling 44,363 shares during the period. Landstar System makes up 2.9% of Capco Asset Management LLC’s holdings, making the stock its 11th largest position. Capco Asset Management LLC’s holdings in Landstar System were worth $3,320,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in LSTR. Glen Harbor Capital Management LLC increased its stake in shares of Landstar System by 11.9% in the first quarter. Glen Harbor Capital Management LLC now owns 1,200 shares of the transportation company’s stock valued at $103,000 after buying an additional 128 shares during the period. TrimTabs Asset Management LLC increased its stake in shares of Landstar System by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 1,580 shares of the transportation company’s stock valued at $135,000 after buying an additional 744 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Landstar System by 36.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,600 shares of the transportation company’s stock valued at $137,000 after buying an additional 427 shares during the period. IFP Advisors Inc increased its stake in shares of Landstar System by 2.9% in the second quarter. IFP Advisors Inc now owns 1,646 shares of the transportation company’s stock valued at $141,000 after buying an additional 47 shares during the period. Finally, Tyers Asset Management LLC increased its stake in shares of Landstar System by 11.9% in the first quarter. Tyers Asset Management LLC now owns 1,650 shares of the transportation company’s stock valued at $141,000 after buying an additional 176 shares during the period. Institutional investors own 97.10% of the company’s stock.

Landstar System, Inc. (NASDAQ:LSTR) opened at 83.65 on Wednesday. The company has a market capitalization of $3.51 billion, a P/E ratio of 24.16 and a beta of 0.75. The company’s 50 day moving average price is $85.68 and its 200-day moving average price is $85.26. Landstar System, Inc. has a 12-month low of $65.05 and a 12-month high of $90.80.

Landstar System (NASDAQ:LSTR) last issued its earnings results on Wednesday, July 26th. The transportation company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.01. Landstar System had a return on equity of 26.11% and a net margin of 4.37%. The business had revenue of $870.34 million during the quarter, compared to analyst estimates of $859.30 million. During the same period in the previous year, the company posted $0.76 EPS. The firm’s revenue was up 12.3% compared to the same quarter last year. Equities analysts forecast that Landstar System, Inc. will post $3.55 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, August 14th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.48%. This is a positive change from Landstar System’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Thursday, August 10th. Landstar System’s payout ratio is presently 11.56%.

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Several equities research analysts have issued reports on the company. Morgan Stanley increased their price target on Landstar System from $66.00 to $68.00 and gave the stock an “underweight” rating in a report on Monday, August 7th. Zacks Investment Research downgraded Landstar System from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Stifel Nicolaus upgraded Landstar System from a “hold” rating to a “buy” rating and increased their price objective for the stock from $87.00 to $95.00 in a report on Monday, July 31st. BidaskClub downgraded Landstar System from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Finally, Deutsche Bank AG downgraded Landstar System from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $97.00 to $87.00 in a report on Monday, July 31st. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $84.86.

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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