Advantage Alpha Capital Partners LP Takes $2.34 Million Position in Landstar System, Inc. $LSTR

Advantage Alpha Capital Partners LP bought a new stake in shares of Landstar System, Inc. (NASDAQ:LSTR) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 16,825 shares of the transportation company’s stock, valued at approximately $2,339,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC grew its position in Landstar System by 8.5% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,083,704 shares of the transportation company’s stock worth $613,372,000 after acquiring an additional 319,101 shares in the last quarter. Nuveen LLC acquired a new position in Landstar System during the first quarter valued at approximately $34,540,000. Boston Partners raised its position in shares of Landstar System by 14.2% in the second quarter. Boston Partners now owns 1,419,718 shares of the transportation company’s stock valued at $197,310,000 after purchasing an additional 176,601 shares during the period. Reinhart Partners LLC. raised its holdings in Landstar System by 49.2% in the 2nd quarter. Reinhart Partners LLC. now owns 426,033 shares of the transportation company’s stock worth $59,229,000 after acquiring an additional 140,500 shares during the period. Finally, Russell Investments Group Ltd. lifted its position in shares of Landstar System by 87.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 215,850 shares of the transportation company’s stock worth $30,007,000 after purchasing an additional 100,817 shares during the last quarter. 97.95% of the stock is currently owned by hedge funds and other institutional investors.

Landstar System Stock Performance

LSTR stock opened at $130.71 on Friday. The business’s fifty day moving average is $126.76 and its 200-day moving average is $133.07. The company has a market cap of $4.49 billion, a P/E ratio of 33.34 and a beta of 0.83. The company has a quick ratio of 2.00, a current ratio of 2.01 and a debt-to-equity ratio of 0.05. Landstar System, Inc. has a twelve month low of $119.32 and a twelve month high of $190.69.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings results on Tuesday, October 28th. The transportation company reported $1.22 earnings per share for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.02). The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.21 billion. Landstar System had a net margin of 2.87% and a return on equity of 17.24%. The business’s revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.41 earnings per share. Equities research analysts forecast that Landstar System, Inc. will post 6.1 EPS for the current year.

Landstar System Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Tuesday, November 18th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Tuesday, November 18th. Landstar System’s dividend payout ratio is 40.82%.

Analysts Set New Price Targets

LSTR has been the topic of a number of research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Landstar System in a research report on Tuesday. Evercore ISI reduced their price objective on shares of Landstar System from $132.00 to $125.00 and set an “in-line” rating for the company in a report on Tuesday, September 30th. JPMorgan Chase & Co. dropped their price target on shares of Landstar System from $138.00 to $134.00 and set a “neutral” rating for the company in a research report on Wednesday, October 29th. Susquehanna decreased their price target on Landstar System from $121.00 to $110.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 29th. Finally, TD Cowen lowered their target price on shares of Landstar System from $135.00 to $127.00 and set a “hold” rating on the stock in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $134.60.

Landstar System Company 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.