GAM Holding AG Has $201,000 Position in Landstar System, Inc. (NASDAQ:LSTR)

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GAM Holding AG lessened its holdings in Landstar System, Inc. (NASDAQ:LSTR) by 48.9% in the 1st quarter, Holdings Channel reports. The firm owned 1,841 shares of the transportation company’s stock after selling 1,763 shares during the quarter. GAM Holding AG’s holdings in Landstar System were worth $201,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Liberty Capital Management Inc. lifted its stake in shares of Landstar System by 3.3% in the 1st quarter. Liberty Capital Management Inc. now owns 3,160 shares of the transportation company’s stock valued at $346,000 after purchasing an additional 100 shares during the last quarter. Eukles Asset Management lifted its position in Landstar System by 1.8% during the 1st quarter. Eukles Asset Management now owns 7,512 shares of the transportation company’s stock worth $822,000 after acquiring an additional 136 shares during the last quarter. Cetera Advisor Networks LLC lifted its position in Landstar System by 4.1% during the 1st quarter. Cetera Advisor Networks LLC now owns 4,101 shares of the transportation company’s stock worth $449,000 after acquiring an additional 160 shares during the last quarter. Burney Co. lifted its position in Landstar System by 0.4% during the 4th quarter. Burney Co. now owns 52,403 shares of the transportation company’s stock worth $5,013,000 after acquiring an additional 206 shares during the last quarter. Finally, Capco Asset Management LLC lifted its position in Landstar System by 0.5% during the 1st quarter. Capco Asset Management LLC now owns 44,515 shares of the transportation company’s stock worth $4,869,000 after acquiring an additional 222 shares during the last quarter. 98.66% of the stock is owned by institutional investors and hedge funds.

A number of research firms have weighed in on LSTR. Buckingham Research cut their target price on shares of Landstar System from $121.00 to $112.00 and set a “neutral” rating for the company in a research report on Friday, June 7th. BidaskClub raised shares of Landstar System from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. Credit Suisse Group cut their target price on shares of Landstar System from $112.00 to $104.00 and set a “neutral” rating for the company in a research report on Thursday, June 6th. Cowen reissued a “market perform” rating and set a $113.00 target price (down previously from $115.00) on shares of Landstar System in a research report on Thursday, June 6th. Finally, Stifel Nicolaus boosted their target price on shares of Landstar System from $119.00 to $123.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $111.90.

In other news, CMO Patrick J. O’malley sold 23,000 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $110.82, for a total transaction of $2,548,860.00. Following the completion of the transaction, the chief marketing officer now owns 20,929 shares of the company’s stock, valued at $2,319,351.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Joseph J. Beacom sold 5,000 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $114.12, for a total transaction of $570,600.00. Following the transaction, the chief operating officer now directly owns 45,924 shares of the company’s stock, valued at approximately $5,240,846.88. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

Shares of LSTR opened at $104.25 on Friday. The stock has a market cap of $4.19 billion, a PE ratio of 16.29, a P/E/G ratio of 1.37 and a beta of 1.22. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.00 and a quick ratio of 2.00. Landstar System, Inc. has a 52 week low of $90.23 and a 52 week high of $128.70.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings data on Wednesday, April 24th. The transportation company reported $1.58 EPS for the quarter, beating the Zacks’ consensus estimate of $1.52 by $0.06. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.04 billion. Landstar System had a net margin of 5.68% and a return on equity of 37.24%. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.37 earnings per share. Equities analysts predict that Landstar System, Inc. will post 6.36 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Thursday, May 9th were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date was Wednesday, May 8th. Landstar System’s dividend payout ratio is currently 10.68%.

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About Landstar System

Landstar System, Inc provides integrated transportation management solutions in the United States, Canada, Mexico, and internationally. It operates through two segments, Transportation Logistics and Insurance. The Transportation Logistics segment offers a range of transportation services, including truckload and less-than-truckload transportation, rail intermodal, air cargo, ocean cargo, expedited ground and air delivery of time-critical freight, heavy-haul/specialized, U.S.-Canada and U.S.-Mexico cross-border, intra-Mexico, intra-Canada, project cargo, and customs brokerage, as well as offers transportation services to other transportation companies, such as third party logistics and less-than-truckload service providers.

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

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