Creative Planning Purchases 659 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Creative Planning grew its position in Landstar System, Inc. (NASDAQ:LSTR) by 18.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,285 shares of the transportation company’s stock after purchasing an additional 659 shares during the period. Creative Planning’s holdings in Landstar System were worth $790,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Algert Global LLC lifted its position in shares of Landstar System by 7.5% during the 2nd quarter. Algert Global LLC now owns 39,929 shares of the transportation company’s stock worth $7,366,000 after buying an additional 2,798 shares in the last quarter. SkyView Investment Advisors LLC lifted its holdings in Landstar System by 7.5% during the second quarter. SkyView Investment Advisors LLC now owns 5,591 shares of the transportation company’s stock worth $1,031,000 after acquiring an additional 391 shares during the period. AQR Capital Management LLC boosted its position in Landstar System by 2.2% in the second quarter. AQR Capital Management LLC now owns 325,879 shares of the transportation company’s stock worth $60,118,000 after purchasing an additional 6,957 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Landstar System in the 2nd quarter valued at $131,000. Finally, Point72 DIFC Ltd purchased a new stake in shares of Landstar System during the 2nd quarter valued at $106,000. 97.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on LSTR. Morgan Stanley reduced their price target on shares of Landstar System from $147.00 to $145.00 and set an “equal weight” rating for the company in a research report on Monday, July 8th. Stifel Nicolaus decreased their price target 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. Evercore ISI dropped their price objective on Landstar System from $167.00 to $165.00 and set an “in-line” rating on the stock in a research note on Thursday, October 3rd. JPMorgan Chase & Co. increased their price objective on Landstar System from $182.00 to $188.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Finally, TD Cowen boosted their target price on Landstar System from $171.00 to $176.00 and gave the company a “hold” rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Landstar System currently has an average rating of “Hold” and a consensus target price of $177.25.

Landstar System Stock Up 3.0 %

LSTR stock opened at $187.78 on Friday. The stock has a 50-day simple moving average of $184.31 and a two-hundred day simple moving average of $182.67. Landstar System, Inc. has a twelve month low of $161.13 and a twelve month high of $201.40. The firm has a market capitalization of $6.72 billion, a PE ratio of 28.89 and a beta of 0.80. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.05.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings results 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 net margin of 4.49% and a return on equity of 21.69%. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period in the previous year, the business earned $1.85 EPS. The business’s revenue for the quarter was down 10.8% on a year-over-year basis. On average, equities analysts predict that Landstar System, Inc. will post 5.85 EPS for the current fiscal year.

Landstar System Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 20th were issued 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 was Tuesday, August 20th. This represents a $1.44 annualized dividend and a dividend yield of 0.77%. Landstar System’s payout ratio is presently 22.15%.

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.