Dimensional Fund Advisors LP increased its position in Landstar System Inc. (NASDAQ:LSTR) by 0.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 883,672 shares of the company’s stock after buying an additional 7,980 shares during the period. Dimensional Fund Advisors LP owned 2.10% of Landstar System worth $60,672,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. Victory Capital Management Inc. raised its position in Landstar System by 77.6% in the second quarter. Victory Capital Management Inc. now owns 1,705 shares of the company’s stock worth $117,000 after buying an additional 745 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Landstar System by 1.7% in the second quarter. PNC Financial Services Group Inc. now owns 1,806 shares of the company’s stock worth $124,000 after buying an additional 31 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its position in Landstar System by 755.6% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 1,925 shares of the company’s stock worth $132,000 after buying an additional 1,700 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in Landstar System during the second quarter worth approximately $135,000. Finally, LS Investment Advisors LLC raised its position in Landstar System by 69.8% in the second quarter. LS Investment Advisors LLC now owns 2,589 shares of the company’s stock worth $178,000 after buying an additional 1,064 shares during the last quarter.
Shares of Landstar System Inc. (NASDAQ:LSTR) traded down 0.32% on Monday, hitting $67.86. The stock had a trading volume of 88,166 shares. Landstar System Inc. has a 12 month low of $53.03 and a 12 month high of $72.97. The stock has a market cap of $2.86 billion, a PE ratio of 20.97 and a beta of 0.80. The company has a 50 day moving average price of $68.01 and a 200-day moving average price of $67.32.
Landstar System (NASDAQ:LSTR) last issued its earnings results on Wednesday, July 20th. The company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.81 by $0.05. The firm earned $775 million during the quarter, compared to the consensus estimate of $790.95 million. Landstar System had a return on equity of 28.83% and a net margin of 4.37%. The company’s quarterly revenue was down 10.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.92 EPS. On average, equities research analysts anticipate that Landstar System Inc. will post $3.08 earnings per share for the current year.
A number of equities analysts have recently commented on the company. Zacks Investment Research raised Landstar System from a “sell” rating to a “hold” rating in a report on Tuesday, August 23rd. Citigroup Inc. lowered Landstar System to a “market perform” rating in a report on Tuesday, August 2nd. They noted that the move was a valuation call. Finally, Oppenheimer Holdings Inc. lowered Landstar System to an “outperform” rating in a report on Tuesday, August 2nd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $62.66.
In related news, CMO Patrick J. O’malley sold 1,787 shares of the company’s stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $69.17, for a total value of $123,606.79. Following the completion of the transaction, the chief marketing officer now owns 40,237 shares of the company’s stock, valued at approximately $2,783,193.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.30% of the stock is currently owned by corporate insiders.
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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