Landstar System, Inc. (LSTR) Holdings Cut by Public Employees Retirement System of Ohio
Public Employees Retirement System of Ohio trimmed its position in shares of Landstar System, Inc. (NASDAQ:LSTR) by 0.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 145,859 shares of the transportation company’s stock after selling 398 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.35% of Landstar System worth $12,486,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in LSTR. BlackRock Inc. boosted its holdings in Landstar System by 7,684.2% during the first quarter. BlackRock Inc. now owns 4,087,876 shares of the transportation company’s stock valued at $350,127,000 after acquiring an additional 4,035,361 shares during the period. Janus Henderson Group PLC bought a new stake in Landstar System during the second quarter valued at about $57,249,000. FMR LLC boosted its holdings in Landstar System by 64.7% during the second quarter. FMR LLC now owns 1,209,985 shares of the transportation company’s stock valued at $103,575,000 after acquiring an additional 475,220 shares during the period. Koch Industries Inc. bought a new stake in Landstar System during the second quarter valued at about $339,000. Finally, Alliancebernstein L.P. boosted its holdings in Landstar System by 641.1% during the second quarter. Alliancebernstein L.P. now owns 192,125 shares of the transportation company’s stock valued at $16,446,000 after acquiring an additional 166,201 shares during the period. Institutional investors own 96.99% of the company’s stock.
Landstar System (NASDAQ:LSTR) last released its quarterly earnings data on Wednesday, July 26th. The transportation company reported $0.89 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.01. Landstar System had a net margin of 4.37% and a return on equity of 26.11%. The firm had revenue of $870.34 million for the quarter, compared to the consensus estimate of $859.30 million. During the same quarter in the prior year, the company posted $0.76 earnings per share. The business’s revenue was up 12.3% on a year-over-year basis.
A number of equities research analysts have issued reports on LSTR shares. Deutsche Bank AG cut shares of 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. Stephens upgraded shares of Landstar System from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $88.00 to $103.00 in a report on Wednesday, August 30th. 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. BidaskClub cut shares of Landstar System from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. Finally, 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. Two analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. Landstar System has a consensus rating of “Hold” and a consensus price target of $93.10.
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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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