Dynamic Technology Lab Private Ltd bought a new stake in shares of Landstar System, Inc. (NASDAQ:LSTR) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 17,725 shares of the transportation company’s stock, valued at approximately $1,517,000. Landstar System comprises approximately 0.3% of Dynamic Technology Lab Private Ltd’s portfolio, making the stock its 26th biggest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LSTR. Advisor Group Inc. boosted its position in shares of Landstar System by 64.8% during the 2nd quarter. Advisor Group Inc. now owns 1,523 shares of the transportation company’s stock valued at $130,000 after acquiring an additional 599 shares during the last quarter. IFP Advisors Inc boosted its position in shares of Landstar System by 2.9% during the 2nd quarter. IFP Advisors Inc now owns 1,646 shares of the transportation company’s stock valued at $141,000 after acquiring an additional 47 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Landstar System by 14.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,824 shares of the transportation company’s stock valued at $156,000 after acquiring an additional 224 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Landstar System by 22.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,000 shares of the transportation company’s stock valued at $171,000 after acquiring an additional 373 shares during the last quarter. Finally, BlueCrest Capital Management Ltd bought a new position in shares of Landstar System during the 2nd quarter valued at approximately $202,000. Hedge funds and other institutional investors own 96.99% of the company’s stock.

Shares of Landstar System, Inc. (LSTR) traded down 2.45% during trading on Friday, hitting $97.70. The stock had a trading volume of 201,303 shares. The stock has a market cap of $4.10 billion, a price-to-earnings ratio of 28.22 and a beta of 0.76. Landstar System, Inc. has a 12 month low of $65.05 and a 12 month high of $101.75. The company’s 50 day moving average price is $95.94 and its 200 day moving average price is $87.63.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings data on Wednesday, July 26th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.01. The firm had revenue of $870.34 million for 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%. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.76 EPS. Equities research analysts expect that Landstar System, Inc. will post $3.61 earnings per share for the current fiscal year.

LSTR has been the subject of a number of research reports. KeyCorp reiterated a “buy” rating and set a $110.00 target price on shares of Landstar System in a research report on Tuesday, October 3rd. Stifel Nicolaus restated a “buy” rating and set a $95.00 price target on shares of Landstar System in a report on Tuesday, September 12th. Zacks Investment Research upgraded Landstar System from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a report on Thursday, July 6th. Robert W. Baird restated a “hold” rating and set a $102.00 price target on shares of Landstar System in a report on Friday, October 6th. Finally, Deutsche Bank AG lowered Landstar System from a “buy” rating to a “hold” rating and decreased their price target for the company from $97.00 to $87.00 in a report on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $93.10.

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Landstar System 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.

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

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