DekaBank Deutsche Girozentrale Has $5.91 Million Position in Landstar System, Inc. (NASDAQ:LSTR)

DekaBank Deutsche Girozentrale raised its stake in shares of Landstar System, Inc. (NASDAQ:LSTR) by 22.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,691 shares of the transportation company’s stock after purchasing an additional 5,876 shares during the period. DekaBank Deutsche Girozentrale owned 0.09% of Landstar System worth $5,905,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Landstar System by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 3,480,039 shares of the transportation company’s stock worth $670,812,000 after acquiring an additional 25,387 shares during the period. Quantbot Technologies LP increased its stake in shares of Landstar System by 415.1% in the first quarter. Quantbot Technologies LP now owns 5,223 shares of the transportation company’s stock worth $1,007,000 after purchasing an additional 4,209 shares during the period. Van ECK Associates Corp lifted its position in shares of Landstar System by 36.5% during the 1st quarter. Van ECK Associates Corp now owns 16,177 shares of the transportation company’s stock worth $3,118,000 after purchasing an additional 4,327 shares during the last quarter. Sei Investments Co. grew its holdings in Landstar System by 17.9% in the 1st quarter. Sei Investments Co. now owns 72,248 shares of the transportation company’s stock valued at $13,926,000 after buying an additional 10,978 shares during the last quarter. Finally, Tidal Investments LLC increased its position in Landstar System by 125.4% in the 1st quarter. Tidal Investments LLC now owns 12,796 shares of the transportation company’s stock worth $2,467,000 after buying an additional 7,118 shares during the period. Institutional investors own 97.95% of the company’s stock.

Landstar System Stock Performance

Landstar System stock opened at $175.77 on Friday. Landstar System, Inc. has a 52-week low of $163.37 and a 52-week 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 stock has a fifty day moving average price of $183.40 and a two-hundred day moving average price of $182.40. The firm has a market capitalization of $6.23 billion, a P/E ratio of 30.15 and a beta of 0.80.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings results on Tuesday, October 29th. The transportation company reported $1.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.05). The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.22 billion. Landstar System had a net margin of 4.49% and a return on equity of 21.69%. The company’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.71 earnings per share. As a group, analysts anticipate that Landstar System, Inc. will post 5.84 EPS for the current fiscal year.

Landstar System Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 19th will be given a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $1.44 annualized dividend and a yield of 0.82%. Landstar System’s payout ratio is 24.70%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on LSTR shares. Morgan Stanley reduced their price objective on 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 dropped their price objective on shares of Landstar System from $164.00 to $160.00 and set a “hold” rating on the stock in a report on Thursday, August 1st. Raymond James reduced their target price 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. Benchmark restated a “hold” rating on shares of Landstar System in a research note on Wednesday, July 31st. Finally, Susquehanna raised their price objective on Landstar System from $160.00 to $165.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. One 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 MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $174.67.

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.