Mountain Pacific Investment Advisers LLC Has $7.26 Million Stock Holdings in Landstar System, Inc. $LSTR

Mountain Pacific Investment Advisers LLC decreased its position in Landstar System, Inc. (NASDAQ:LSTR) by 67.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 59,204 shares of the transportation company’s stock after selling 120,810 shares during the period. Landstar System comprises approximately 1.1% of Mountain Pacific Investment Advisers LLC’s holdings, making the stock its 27th largest holding. Mountain Pacific Investment Advisers LLC’s holdings in Landstar System were worth $7,256,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of LSTR. Norges Bank acquired a new stake in Landstar System during the second quarter worth $40,190,000. Fenimore Asset Management Inc lifted its holdings in shares of Landstar System by 231.3% during the 3rd quarter. Fenimore Asset Management Inc now owns 341,130 shares of the transportation company’s stock worth $41,809,000 after acquiring an additional 238,173 shares during the period. Clarkston Capital Partners LLC bought a new position in shares of Landstar System during the 2nd quarter worth about $27,217,000. Boston Partners boosted its position in shares of Landstar System by 14.2% during the 2nd quarter. Boston Partners now owns 1,419,718 shares of the transportation company’s stock valued at $197,310,000 after acquiring an additional 176,601 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its stake in Landstar System by 80.1% in the second quarter. Qube Research & Technologies Ltd now owns 358,754 shares of the transportation company’s stock valued at $49,874,000 after acquiring an additional 159,541 shares during the period. Institutional investors and hedge funds own 97.95% of the company’s stock.

Landstar System Trading Up 3.9%

LSTR stock opened at $157.06 on Thursday. The business has a fifty day moving average price of $140.92 and a 200 day moving average price of $134.30. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.01 and a quick ratio of 2.01. Landstar System, Inc. has a fifty-two week low of $119.32 and a fifty-two week high of $179.66. The stock has a market capitalization of $5.40 billion, a price-to-earnings ratio of 40.07 and a beta of 0.84.

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

Landstar System Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Wednesday, January 21st. Shareholders of record on Tuesday, January 6th were given a $2.00 dividend. This represents a yield of 134.0%. The ex-dividend date was Tuesday, January 6th. Landstar System’s dividend payout ratio (DPR) is presently 40.82%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Barclays raised their price target on shares of Landstar System from $130.00 to $155.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 15th. JPMorgan Chase & Co. raised their target price on Landstar System from $134.00 to $162.00 and gave the stock a “neutral” rating in a research report on Monday, January 12th. Wells Fargo & Company upgraded Landstar System from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $145.00 to $170.00 in a research report on Tuesday, January 6th. Wall Street Zen upgraded Landstar System from a “sell” rating to a “hold” rating in a research note on Saturday, December 27th. Finally, Morgan Stanley boosted their target price on shares of Landstar System from $133.00 to $135.00 and gave the company an “equal weight” rating in a research note on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $153.00.

About Landstar System

Landstar System, Inc provides integrated transportation management solutions through a network of independent agents and third-party capacity providers. The company specializes in truckload brokerage, intermodal, air and ocean freight, expedited and heavy-haul services, along with value-added offerings such as cargo insurance, customs brokerage and supply chain management. Landstar’s proprietary technology platform enables real-time load matching, shipment tracking and data analytics to optimize fleet utilization and improve customer service.

Founded in 1968 and headquartered in Jacksonville, Florida, Landstar pioneered an asset-light brokerage model that has evolved into a global logistics operation.