Raymond James & Associates Has $28.48 Million Holdings in Landstar System, Inc. (NASDAQ:LSTR)

Raymond James & Associates raised its holdings in Landstar System, Inc. (NASDAQ:LSTR) by 3.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 150,764 shares of the transportation company’s stock after acquiring an additional 4,345 shares during the period. Raymond James & Associates owned about 0.42% of Landstar System worth $28,475,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of LSTR. Victory Capital Management Inc. grew its position in shares of Landstar System by 6.2% in the 2nd quarter. Victory Capital Management Inc. now owns 1,697,093 shares of the transportation company’s stock valued at $313,080,000 after purchasing an additional 99,461 shares during the period. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Landstar System by 21.4% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 337,271 shares of the transportation company’s stock valued at $65,013,000 after buying an additional 59,530 shares during the period. Janus Henderson Group PLC increased its position in shares of Landstar System by 30.9% during the first quarter. Janus Henderson Group PLC now owns 180,955 shares of the transportation company’s stock worth $34,880,000 after acquiring an additional 42,740 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Landstar System by 6.6% during the second quarter. Dimensional Fund Advisors LP now owns 594,895 shares of the transportation company’s stock worth $109,743,000 after acquiring an additional 37,020 shares during the period. Finally, Susquehanna Fundamental Investments LLC bought a new stake in Landstar System in the 1st quarter valued at $5,366,000. 97.95% of the stock is currently owned by institutional investors.

Landstar System Price Performance

Shares of NASDAQ LSTR opened at $180.03 on Thursday. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.05. The business’s 50 day moving average price is $184.17 and its two-hundred day moving average price is $182.49. The company has a market cap of $6.44 billion, a PE ratio of 27.70 and a beta of 0.80. Landstar System, Inc. has a twelve month low of $161.13 and a twelve month high of $201.40.

Landstar System (NASDAQ:LSTR) last posted its earnings results on Tuesday, July 30th. The transportation company reported $1.48 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.25 billion. During the same period in the previous year, the firm earned $1.85 EPS. The firm’s revenue was down 10.8% compared to the same quarter last year. On average, analysts predict that Landstar System, Inc. will post 5.85 EPS for the current year.

Landstar System Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 20th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend was Tuesday, August 20th. This is a boost from Landstar System’s previous quarterly dividend of $0.33. Landstar System’s dividend payout ratio (DPR) is currently 22.15%.

Wall Street Analyst Weigh In

Several analysts have issued reports on LSTR shares. Wolfe Research downgraded Landstar System from an “outperform” rating to a “peer perform” rating in a research note on Thursday, July 11th. Susquehanna boosted their target price on Landstar System from $160.00 to $165.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. raised their price target on shares of Landstar System from $182.00 to $188.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Benchmark reissued a “hold” rating on shares of Landstar System in a research report on Wednesday, July 31st. Finally, The Goldman Sachs Group decreased their target price on shares of Landstar System from $165.00 to $158.00 and set a “sell” rating for the company in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $177.25.

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.