Susquehanna Fundamental Investments LLC Sells 301 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Susquehanna Fundamental Investments LLC reduced its stake in Landstar System, Inc. (NASDAQ:LSTR) by 1.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,537 shares of the transportation company’s stock after selling 301 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in Landstar System were worth $5,080,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in LSTR. Hsbc Holdings PLC boosted its holdings in shares of Landstar System by 137.0% during the 4th quarter. Hsbc Holdings PLC now owns 8,028 shares of the transportation company’s stock valued at $1,556,000 after acquiring an additional 4,641 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of Landstar System by 13.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,443 shares of the transportation company’s stock worth $473,000 after buying an additional 291 shares during the last quarter. TD Asset Management Inc increased its position in Landstar System by 2.9% during the fourth quarter. TD Asset Management Inc now owns 35,438 shares of the transportation company’s stock valued at $6,863,000 after acquiring an additional 1,000 shares during the last quarter. Stifel Financial Corp lifted its holdings in Landstar System by 1.0% in the fourth quarter. Stifel Financial Corp now owns 85,094 shares of the transportation company’s stock valued at $16,479,000 after acquiring an additional 881 shares during the period. Finally, Treasurer of the State of North Carolina increased its position in shares of Landstar System by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 15,857 shares of the transportation company’s stock valued at $3,071,000 after purchasing an additional 150 shares during the last quarter. 97.95% of the stock is owned by institutional investors.

Landstar System Price Performance

NASDAQ:LSTR opened at $186.93 on Monday. The firm has a market capitalization of $6.68 billion, a price-to-earnings ratio of 28.76 and a beta of 0.80. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.17 and a quick ratio of 2.17. The business has a 50 day simple moving average of $185.11 and a 200-day simple moving average of $182.64. Landstar System, Inc. has a 1 year low of $161.13 and a 1 year high of $201.40.

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

Landstar System Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 20th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend was Tuesday, August 20th. This is an increase from Landstar System’s previous quarterly dividend of $0.33. Landstar System’s dividend payout ratio (DPR) is currently 22.15%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Wolfe Research cut shares of Landstar System from an “outperform” rating to a “peer perform” rating in a report on Thursday, July 11th. Susquehanna increased their price objective on shares of Landstar System from $160.00 to $165.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. TD Cowen lifted their target price 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. JPMorgan Chase & Co. increased their price target on Landstar System from $182.00 to $188.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Finally, Benchmark restated a “hold” rating on shares of Landstar System in a research report on Wednesday, July 31st. Twelve equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Landstar System presently has a consensus rating of “Hold” and an average target price of $179.73.

Landstar System Company 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.