Motley Fool Asset Management LLC Increases Position in Landstar System, Inc. (LSTR)

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Motley Fool Asset Management LLC increased its stake in shares of Landstar System, Inc. (NASDAQ:LSTR) by 19.8% during the first quarter, HoldingsChannel.com reports. The fund owned 17,545 shares of the transportation company’s stock after acquiring an additional 2,900 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Landstar System were worth $1,919,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in shares of Landstar System by 4.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 991,473 shares of the transportation company’s stock worth $120,961,000 after acquiring an additional 39,994 shares in the last quarter. Morgan Stanley boosted its stake in shares of Landstar System by 49.6% during the 3rd quarter. Morgan Stanley now owns 161,962 shares of the transportation company’s stock worth $19,759,000 after acquiring an additional 53,709 shares in the last quarter. Federated Investors Inc. PA boosted its stake in shares of Landstar System by 86.5% during the 3rd quarter. Federated Investors Inc. PA now owns 95,942 shares of the transportation company’s stock worth $11,705,000 after acquiring an additional 44,501 shares in the last quarter. Vanguard Group Inc boosted its stake in shares of Landstar System by 0.6% during the 3rd quarter. Vanguard Group Inc now owns 3,687,689 shares of the transportation company’s stock worth $449,897,000 after acquiring an additional 21,365 shares in the last quarter. Finally, Meeder Asset Management Inc. boosted its stake in shares of Landstar System by 23.4% during the 4th quarter. Meeder Asset Management Inc. now owns 10,631 shares of the transportation company’s stock worth $1,015,000 after acquiring an additional 2,015 shares in the last quarter. 98.65% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have recently issued reports on the stock. BidaskClub lowered shares of Landstar System from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Buckingham Research decreased their price target on shares of Landstar System from $115.00 to $114.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 2nd. Cowen reaffirmed a “market perform” rating and issued a $115.00 price target (up from $110.00) on shares of Landstar System in a research note on Thursday, April 25th. Finally, Stifel Nicolaus raised their price target on shares of Landstar System from $119.00 to $123.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $113.22.

Shares of Landstar System stock opened at $105.58 on Friday. The stock has a market capitalization of $4.26 billion, a P/E ratio of 17.08, a P/E/G ratio of 1.38 and a beta of 1.17. Landstar System, Inc. has a twelve month low of $90.23 and a twelve month high of $128.70. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.00 and a current ratio of 2.00.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings results on Wednesday, April 24th. The transportation company reported $1.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.52 by $0.06. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.04 billion. Landstar System had a net margin of 5.68% and a return on equity of 37.24%. Landstar System’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period last year, the company posted $1.37 EPS. Sell-side analysts forecast 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 paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date is Wednesday, May 8th. Landstar System’s dividend payout ratio is presently 10.68%.

In other Landstar System news, CFO L Kevin Stout sold 6,000 shares of the stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $110.99, for a total value of $665,940.00. Following the completion of the sale, the chief financial officer now owns 47,204 shares in the company, valued at approximately $5,239,171.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Joseph J. Beacom sold 5,000 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $114.12, for a total transaction of $570,600.00. Following the completion of the sale, the chief operating officer now owns 45,924 shares of the company’s stock, valued at approximately $5,240,846.88. The disclosure for this sale can be found here. Insiders sold a total of 53,481 shares of company stock worth $5,941,557 over the last ninety days. 1.00% of the stock is currently owned by corporate insiders.

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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.

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

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