Ethic Inc. Cuts Holdings in Landstar System, Inc. $LSTR

Ethic Inc. trimmed its holdings in shares of Landstar System, Inc. (NASDAQ:LSTR) by 5.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,504 shares of the transportation company’s stock after selling 195 shares during the period. Ethic Inc.’s holdings in Landstar System were worth $489,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in LSTR. Legacy Wealth Asset Management LLC boosted its stake in shares of Landstar System by 53.8% in the 2nd quarter. Legacy Wealth Asset Management LLC now owns 2,450 shares of the transportation company’s stock worth $341,000 after buying an additional 857 shares during the last quarter. WCM Investment Management LLC boosted its stake in shares of Landstar System by 12.6% in the 2nd quarter. WCM Investment Management LLC now owns 170,964 shares of the transportation company’s stock worth $23,839,000 after buying an additional 19,158 shares during the last quarter. Bayforest Capital Ltd boosted its stake in shares of Landstar System by 19.1% in the 2nd quarter. Bayforest Capital Ltd now owns 3,134 shares of the transportation company’s stock worth $436,000 after buying an additional 502 shares during the last quarter. Equitable Trust Co. boosted its stake in shares of Landstar System by 60.6% in the 2nd quarter. Equitable Trust Co. now owns 6,636 shares of the transportation company’s stock worth $923,000 after buying an additional 2,503 shares during the last quarter. Finally, Boston Trust Walden Corp boosted its stake in shares of Landstar System by 20.9% in the 2nd quarter. Boston Trust Walden Corp now owns 330,218 shares of the transportation company’s stock worth $45,907,000 after buying an additional 56,998 shares during the last quarter. 97.95% of the stock is currently owned by hedge funds and other institutional investors.

Landstar System Trading Down 0.1%

Shares of NASDAQ LSTR opened at $129.41 on Wednesday. The business’s 50 day moving average is $128.43 and its two-hundred day moving average is $134.40. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.00 and a quick ratio of 2.00. Landstar System, Inc. has a 1-year low of $119.32 and a 1-year high of $196.86. The stock has a market capitalization of $4.48 billion, a P/E ratio of 27.13 and a beta of 0.82.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings data on Tuesday, October 28th. The transportation company reported $1.22 earnings per share for the quarter, missing the consensus estimate of $1.24 by ($0.02). 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 the consensus estimate of $1.21 billion. During the same period in the previous year, the firm earned $1.41 earnings per share. The company’s revenue was down .7% compared to the same quarter last year. As a group, research analysts expect that Landstar System, Inc. will post 6.1 EPS for the current year.

Wall Street Analysts Forecast Growth

LSTR has been the topic of several analyst reports. Stifel Nicolaus lowered their target price on Landstar System from $131.00 to $130.00 and set a “hold” rating on the stock in a research report on Friday, October 3rd. Baird R W upgraded Landstar System to a “strong-buy” rating in a research report on Tuesday, July 1st. JPMorgan Chase & Co. lowered their target price on Landstar System from $147.00 to $138.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 8th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Landstar System in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded Landstar System from a “strong sell” rating to a “hold” rating in a research report on Monday, September 8th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $142.36.

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.