SG Americas Securities LLC Acquires 1,105 Shares of Landstar System, Inc. $LSTR

SG Americas Securities LLC raised its holdings in shares of Landstar System, Inc. (NASDAQ:LSTR) by 17.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,418 shares of the transportation company’s stock after acquiring an additional 1,105 shares during the quarter. SG Americas Securities LLC’s holdings in Landstar System were worth $1,031,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Geneos Wealth Management Inc. grew its position in shares of Landstar System by 132.7% in the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 142 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Landstar System by 118.8% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 280 shares of the transportation company’s stock worth $39,000 after purchasing an additional 152 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in Landstar System by 7,650.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 310 shares of the transportation company’s stock worth $43,000 after purchasing an additional 306 shares during the period. Brooklyn Investment Group grew its holdings in Landstar System by 352.2% during the 1st quarter. Brooklyn Investment Group now owns 312 shares of the transportation company’s stock valued at $47,000 after buying an additional 243 shares in the last quarter. Finally, Sprucegrove Investment Management Ltd. bought a new stake in shares of Landstar System during the second quarter valued at about $97,000. Hedge funds and other institutional investors own 97.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. TD Cowen reduced their price objective on shares of Landstar System from $135.00 to $127.00 and set a “hold” rating for the company in a research note on Wednesday, October 29th. UBS Group cut their price target on shares of Landstar System from $149.00 to $147.00 and set a “neutral” rating for the company in a report on Wednesday, October 29th. JPMorgan Chase & Co. reduced their price target on shares of Landstar System from $138.00 to $134.00 and set a “neutral” rating for the company in a research report on Wednesday, October 29th. Weiss Ratings reiterated a “sell (d)” rating on shares of Landstar System in a research report on Wednesday. Finally, Barclays dropped their price objective on Landstar System from $135.00 to $130.00 and set an “equal weight” rating for the company in a research note on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $134.60.

Landstar System Trading Up 4.2%

Shares of LSTR stock opened at $126.61 on Friday. The business has a 50-day moving average price of $126.63 and a two-hundred day moving average price of $133.19. Landstar System, Inc. has a 12-month low of $119.32 and a 12-month high of $190.69. The company has a quick ratio of 2.00, a current ratio of 2.01 and a debt-to-equity ratio of 0.05. The firm has a market cap of $4.35 billion, a P/E ratio of 32.30 and a beta of 0.83.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings data on Tuesday, October 28th. The transportation company reported $1.22 earnings per share for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.02). The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Landstar System had a net margin of 2.87% and a return on equity of 17.24%. The business’s quarterly revenue was down .7% on a year-over-year basis. During the same period in the prior year, the business posted $1.41 earnings per share. Equities analysts anticipate that Landstar System, Inc. will post 6.1 EPS for the current fiscal year.

Landstar System Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 9th. Stockholders of record on Tuesday, November 18th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, November 18th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.3%. Landstar System’s dividend payout ratio is 40.82%.

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.