Wedge Capital Management L L P NC Sells 4,824 Shares of Landstar System, Inc. $LSTR

Wedge Capital Management L L P NC trimmed its holdings in Landstar System, Inc. (NASDAQ:LSTR) by 16.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,624 shares of the transportation company’s stock after selling 4,824 shares during the quarter. Wedge Capital Management L L P NC owned about 0.07% of Landstar System worth $5,092,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Integrated Wealth Concepts LLC boosted its holdings in shares of Landstar System by 9.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 3,767 shares of the transportation company’s stock worth $566,000 after buying an additional 336 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Landstar System by 57.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 138,009 shares of the transportation company’s stock valued at $20,729,000 after acquiring an additional 50,142 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Landstar System by 38.3% in the 1st quarter. Empowered Funds LLC now owns 4,687 shares of the transportation company’s stock valued at $704,000 after acquiring an additional 1,298 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Landstar System by 13.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 142,341 shares of the transportation company’s stock valued at $21,380,000 after acquiring an additional 16,698 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in shares of Landstar System by 132.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 142 shares during the period. Institutional investors own 97.95% of the company’s stock.

More Landstar System News

Here are the key news stories impacting Landstar System this week:

• Positive Sentiment: Zacks raised its fiscal 2026 EPS forecast to $5.61 from $5.45, while estimates for the third and fourth quarters increased to $1.47 and $1.54, respectively. These revisions suggest improved expectations for Landstar’s near-term profitability.
• Positive Sentiment: Longer-term forecasts were also raised: fiscal 2027 EPS increased to $7.22 from $6.88, and fiscal 2028 EPS rose to $8.03 from $7.69. Zacks additionally lifted estimates for multiple quarters through 2028, reinforcing a more bullish outlook for earnings growth.
• Positive Sentiment: The revised estimates remain above or near the broader current-year consensus of $5.80 per share, potentially improving investor confidence in Landstar’s earnings trajectory and supporting the stock’s move higher.
• Neutral Sentiment: A separate report listed August short interest at zero shares, unchanged from the prior period, with a zero-day days-to-cover ratio. Because the figures include an apparent “NaN” percentage change and may reflect unavailable or erroneous data, they provide little meaningful trading signal.

Insiders Place Their Bets

In other Landstar System news, CFO James P. Todd sold 1,200 shares of Landstar System stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $218.17, for a total value of $261,804.00. Following the transaction, the chief financial officer directly owned 15,122 shares of the company’s stock, valued at $3,299,166.74. The trade was a 7.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Diana M. Murphy sold 11,246 shares of Landstar System stock in a transaction on Friday, June 5th. The stock was sold at an average price of $221.28, for a total transaction of $2,488,514.88. Following the completion of the transaction, the director directly owned 18,853 shares in the company, valued at approximately $4,171,791.84. The trade was a 37.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.74% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on LSTR. Barclays increased their price objective on shares of Landstar System from $155.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 25th. Zacks Research raised shares of Landstar System from a “hold” rating to a “strong-buy” rating in a report on Monday, August 3rd. Stephens upgraded Landstar System to a “strong-buy” rating in a research note on Wednesday, July 8th. Wall Street Zen upgraded shares of Landstar System from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. Finally, JPMorgan Chase & Co. increased their price objective on Landstar System from $198.00 to $204.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Landstar System has a consensus rating of “Hold” and an average target price of $196.00.

Landstar System Stock Up 4.6%

LSTR stock opened at $185.85 on Thursday. The company’s 50 day moving average is $203.25 and its 200 day moving average is $179.67. The stock has a market cap of $6.31 billion, a price-to-earnings ratio of 48.15 and a beta of 0.90. Landstar System, Inc. has a 1-year low of $119.32 and a 1-year high of $228.46. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.05.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings data on Tuesday, July 28th. The transportation company reported $1.44 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.05). Landstar System had a net margin of 2.64% and a return on equity of 20.84%. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter last year, the business posted $1.20 EPS. The business’s quarterly revenue was up 18.2% compared to the same quarter last year. Sell-side analysts predict that Landstar System, Inc. will post 5.82 EPS for the current fiscal year.

Landstar System declared that its Board of Directors has approved a share repurchase plan on Tuesday, April 28th that allows the company to buyback 1,115,195,000,000 shares. This buyback authorization allows the transportation company to buy up to 3.3% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Landstar System Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Tuesday, August 18th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 0.9%. This is a boost from Landstar System’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Tuesday, August 18th. Landstar System’s payout ratio is 45.60%.

Landstar System Profile

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.