Ameritas Investment Partners Inc. Has $2.75 Million Position in Landstar System, Inc. (NASDAQ:LSTR)

Ameritas Investment Partners Inc. lessened its position in Landstar System, Inc. (NASDAQ:LSTR) by 2.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,907 shares of the transportation company’s stock after selling 330 shares during the period. Ameritas Investment Partners Inc.’s holdings in Landstar System were worth $2,750,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in LSTR. Vanguard Group Inc. boosted its position in Landstar System by 0.7% in the first quarter. Vanguard Group Inc. now owns 3,480,039 shares of the transportation company’s stock valued at $670,812,000 after buying an additional 25,387 shares in the last quarter. Quantbot Technologies LP grew its position in Landstar System by 415.1% during the 1st quarter. Quantbot Technologies LP now owns 5,223 shares of the transportation company’s stock worth $1,007,000 after acquiring an additional 4,209 shares during the last quarter. Van ECK Associates Corp increased its holdings in Landstar System by 36.5% during the 1st quarter. Van ECK Associates Corp now owns 16,177 shares of the transportation company’s stock valued at $3,118,000 after purchasing an additional 4,327 shares in the last quarter. Sei Investments Co. raised its position in Landstar System by 17.9% in the 1st quarter. Sei Investments Co. now owns 72,248 shares of the transportation company’s stock valued at $13,926,000 after purchasing an additional 10,978 shares during the last quarter. Finally, Tidal Investments LLC boosted its stake in Landstar System by 125.4% in the first quarter. Tidal Investments LLC now owns 12,796 shares of the transportation company’s stock worth $2,467,000 after purchasing an additional 7,118 shares in the last quarter. Institutional investors own 97.95% of the company’s stock.

Landstar System Stock Performance

Shares of Landstar System stock opened at $179.59 on Friday. The firm has a fifty day moving average of $185.19 and a two-hundred day moving average of $182.72. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.17 and a current ratio of 2.17. The stock has a market capitalization of $6.42 billion, a price-to-earnings ratio of 27.63 and a beta of 0.80. Landstar System, Inc. has a 52 week low of $161.13 and a 52 week high of $201.40.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.02. Landstar System had a return on equity of 21.69% and a net margin of 4.49%. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the prior year, the company posted $1.85 earnings per share. The firm’s revenue was down 10.8% on a year-over-year basis. As a group, equities research analysts predict that Landstar System, Inc. will post 5.87 EPS for the current year.

Landstar System Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 20th were paid a dividend of $0.36 per share. This is a positive change from Landstar System’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $1.44 annualized dividend and a yield of 0.80%. Landstar System’s dividend payout ratio (DPR) is presently 22.15%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on LSTR. Benchmark restated a “hold” rating on shares of Landstar System in a research note on Wednesday, July 31st. Stifel Nicolaus dropped their target price on shares of Landstar System from $164.00 to $160.00 and set a “hold” rating for the company in a research note on Thursday, August 1st. TD Cowen increased their price target on shares of Landstar System from $171.00 to $176.00 and gave the company a “hold” rating in a research note on Wednesday, July 31st. Susquehanna raised their price target on shares of Landstar System from $160.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Finally, Morgan Stanley reduced their price objective on Landstar System from $147.00 to $145.00 and set an “equal weight” rating on the stock in a report on Monday, July 8th. Twelve research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $179.73.

Landstar System Profile

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 services.