Mutual of America Capital Management LLC Has $3.78 Million Stake in Landstar System, Inc. (NASDAQ:LSTR)

Mutual of America Capital Management LLC reduced its holdings in shares of Landstar System, Inc. (NASDAQ:LSTR) by 4.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,476 shares of the transportation company’s stock after selling 943 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.06% of Landstar System worth $3,777,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Massmutual Trust Co. FSB ADV boosted its position in Landstar System by 108.8% during the second quarter. Massmutual Trust Co. FSB ADV now owns 142 shares of the transportation company’s stock worth $26,000 after purchasing an additional 74 shares during the period. Mather Group LLC. bought a new stake in shares of Landstar System during the 1st quarter worth about $27,000. Quest Partners LLC acquired a new position in Landstar System in the 2nd quarter valued at about $73,000. Fidelis Capital Partners LLC bought a new position in Landstar System in the 1st quarter valued at about $86,000. Finally, GAMMA Investing LLC lifted its position in Landstar System by 58.1% during the second quarter. GAMMA Investing LLC now owns 498 shares of the transportation company’s stock worth $92,000 after acquiring an additional 183 shares during the last quarter. 97.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LSTR has been the topic of several research reports. TD Cowen upped their target price on Landstar System from $171.00 to $176.00 and gave the company a “hold” rating in a research report on Wednesday, July 31st. Raymond James lowered their price objective on Landstar System from $205.00 to $195.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. Stifel Nicolaus reduced 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 report on Thursday, August 1st. Susquehanna upped their price target on shares of Landstar System from $160.00 to $165.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Finally, Benchmark reiterated a “hold” rating on shares of Landstar System in a research note 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 company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $179.73.

Landstar System Stock Performance

Shares of Landstar System stock opened at $179.59 on Monday. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.05. The company has a market cap of $6.42 billion, a PE ratio of 27.63 and a beta of 0.80. The company has a 50 day moving average of $185.19 and a 200-day moving average of $182.72. Landstar System, Inc. has a 1-year low of $161.13 and a 1-year high of $201.40.

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

Landstar System Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 20th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a 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 payout ratio is currently 22.15%.

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.