Public Employees Retirement System of Ohio Acquires 2,758 Shares of Landstar System, Inc. $LSTR

Public Employees Retirement System of Ohio raised its holdings in shares of Landstar System, Inc. (NASDAQ:LSTR) by 8.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,232 shares of the transportation company’s stock after purchasing an additional 2,758 shares during the quarter. Public Employees Retirement System of Ohio owned 0.11% of Landstar System worth $5,176,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Alpine Bank Wealth Management bought a new stake in shares of Landstar System during the first quarter worth $25,000. Geneos Wealth Management Inc. lifted its position in shares of Landstar System by 132.7% during the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the transportation company’s stock worth $37,000 after purchasing an additional 142 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Landstar System by 118.8% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 280 shares of the transportation company’s stock worth $39,000 after purchasing an additional 152 shares during the last quarter. Golden State Wealth Management LLC lifted its position in shares of Landstar System by 106.2% during the first quarter. Golden State Wealth Management LLC now owns 299 shares of the transportation company’s stock worth $45,000 after purchasing an additional 154 shares during the last quarter. Finally, Brooklyn Investment Group lifted its position in shares of Landstar System by 352.2% during the first quarter. Brooklyn Investment Group now owns 312 shares of the transportation company’s stock worth $47,000 after purchasing an additional 243 shares during the last quarter. 97.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on LSTR. Wall Street Zen upgraded Landstar System from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Evercore ISI decreased their price objective on Landstar System from $135.00 to $132.00 and set an “in-line” rating for the company in a report on Wednesday, July 30th. Susquehanna set a $123.00 price objective on Landstar System and gave the company a “neutral” rating in a report on Wednesday, July 30th. TD Cowen decreased their price objective on Landstar System from $141.00 to $135.00 and set a “hold” rating for the company in a report on Wednesday, July 30th. Finally, Stifel Nicolaus decreased their price objective on Landstar System from $140.00 to $131.00 and set a “hold” rating for the company in a report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Landstar System has a consensus rating of “Hold” and a consensus target price of $145.17.

Landstar System Price Performance

LSTR opened at $121.50 on Tuesday. The business’s 50-day moving average is $130.61 and its two-hundred day moving average is $136.87. Landstar System, Inc. has a 1 year low of $119.32 and a 1 year high of $196.86. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.00 and a quick ratio of 2.00. The firm has a market capitalization of $4.21 billion, a PE ratio of 25.47 and a beta of 0.84.

Landstar System (NASDAQ:LSTR) last posted its earnings results on Tuesday, July 29th. The transportation company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.04. Landstar System had a return on equity of 17.49% and a net margin of 3.51%.The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the previous year, the firm earned $1.48 earnings per share. The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. Research analysts anticipate that Landstar System, Inc. will post 6.1 earnings per share for the current fiscal year.

Landstar System Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 9th. Stockholders of record on Tuesday, August 19th were paid a dividend of $0.40 per share. The ex-dividend date was Tuesday, August 19th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.3%. Landstar System’s payout ratio is presently 33.54%.

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.