Landstar System, Inc. (LSTR) Holdings Reduced by Quantitative Investment Management LLC
Quantitative Investment Management LLC reduced its stake in Landstar System, Inc. (NASDAQ:LSTR) by 84.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,800 shares of the transportation company’s stock after selling 41,400 shares during the period. Quantitative Investment Management LLC’s holdings in Landstar System were worth $667,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Chicago Equity Partners LLC lifted its position in shares of Landstar System by 22.7% during the 2nd quarter. Chicago Equity Partners LLC now owns 48,790 shares of the transportation company’s stock worth $4,176,000 after buying an additional 9,020 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Landstar System by 4.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 551,235 shares of the transportation company’s stock valued at $47,184,000 after buying an additional 22,334 shares during the last quarter. Crawford Investment Counsel Inc. grew its position in shares of Landstar System by 8.5% in the 2nd quarter. Crawford Investment Counsel Inc. now owns 42,028 shares of the transportation company’s stock valued at $3,598,000 after buying an additional 3,280 shares during the last quarter. Great Lakes Advisors LLC grew its position in shares of Landstar System by 22.8% in the 2nd quarter. Great Lakes Advisors LLC now owns 25,085 shares of the transportation company’s stock valued at $2,147,000 after buying an additional 4,655 shares during the last quarter. Finally, Oxford Asset Management purchased a new position in shares of Landstar System in the 1st quarter valued at $374,000. Institutional investors own 96.99% of the company’s stock.
Several equities analysts have issued reports on LSTR shares. Zacks Investment Research lowered Landstar System from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Morgan Stanley upped their target price on Landstar System from $66.00 to $68.00 and gave the company an “underweight” rating in a research report on Monday, August 7th. Stephens raised Landstar System from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $88.00 to $103.00 in a research report on Wednesday, August 30th. BidaskClub downgraded Landstar System from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th. Finally, Stifel Nicolaus upgraded Landstar System from a “hold” rating to a “buy” rating and raised their price target for the stock from $87.00 to $95.00 in a research note on Monday, July 31st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. Landstar System currently has a consensus rating of “Hold” and an average target price of $87.63.
Landstar System, Inc. (LSTR) opened at 99.65 on Monday. The firm has a 50 day moving average price of $87.72 and a 200 day moving average price of $85.85. The stock has a market capitalization of $4.18 billion, a P/E ratio of 28.78 and a beta of 0.76. Landstar System, Inc. has a 52 week low of $65.05 and a 52 week high of $100.00.
Landstar System (NASDAQ:LSTR) last issued its earnings results on Wednesday, July 26th. The transportation company reported $0.89 EPS for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.01. The company had revenue of $870.34 million during the quarter, compared to the consensus estimate of $859.30 million. Landstar System had a return on equity of 26.11% and a net margin of 4.37%. Landstar System’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.76 earnings per share. Equities research analysts predict that Landstar System, Inc. will post $3.57 earnings per share for the current year.
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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