Landstar System, Inc. (NASDAQ:LSTR) Shares Bought by Pacer Advisors Inc.

Pacer Advisors Inc. raised its position in Landstar System, Inc. (NASDAQ:LSTR) by 2.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 7,402 shares of the transportation company’s stock after acquiring an additional 198 shares during the period. Pacer Advisors Inc.’s holdings in Landstar System were worth $1,366,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Landstar System by 2.9% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 2,008 shares of the transportation company’s stock worth $387,000 after acquiring an additional 57 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Landstar System by 13.8% in the first quarter. EverSource Wealth Advisors LLC now owns 595 shares of the transportation company’s stock valued at $115,000 after purchasing an additional 72 shares during the period. Massmutual Trust Co. FSB ADV lifted its stake in shares of Landstar System by 108.8% in the second quarter. Massmutual Trust Co. FSB ADV now owns 142 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 74 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Landstar System by 2.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 2,974 shares of the transportation company’s stock valued at $549,000 after purchasing an additional 74 shares during the period. Finally, Studio Investment Management LLC lifted its stake in shares of Landstar System by 4.1% in the second quarter. Studio Investment Management LLC now owns 2,155 shares of the transportation company’s stock valued at $398,000 after purchasing an additional 84 shares during the period. Institutional investors and hedge funds own 97.95% of the company’s stock.

Landstar System Stock Performance

Shares of NASDAQ LSTR opened at $186.93 on Friday. The company has a market cap of $6.68 billion, a PE ratio of 28.76 and a beta of 0.80. Landstar System, Inc. has a 12 month low of $161.13 and a 12 month high of $201.40. 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 company has a 50-day simple moving average of $185.05 and a 200-day simple moving average of $182.69.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings results on Tuesday, July 30th. The transportation company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.02. The business had revenue of $1.23 billion during 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 company’s quarterly revenue was down 10.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.85 earnings per share. On average, equities analysts anticipate that Landstar System, Inc. will post 5.87 earnings per share for the current year.

Landstar System Increases Dividend

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

Analyst Ratings Changes

Several brokerages recently commented on LSTR. JPMorgan Chase & Co. raised their price objective on shares of Landstar System from $182.00 to $188.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. TD Cowen raised their price objective 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. Raymond James reduced their price objective on shares of Landstar System from $205.00 to $195.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. Wolfe Research cut shares of Landstar System from an “outperform” rating to a “peer perform” rating in a research note on Thursday, July 11th. Finally, Stifel Nicolaus reduced their price objective 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. Twelve analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $179.73.

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 services.