American Century Companies Inc. Buys 5,338 Shares of Landstar System, Inc. $LSTR

American Century Companies Inc. lifted its position in Landstar System, Inc. (NASDAQ:LSTR) by 6.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,713 shares of the transportation company’s stock after buying an additional 5,338 shares during the quarter. American Century Companies Inc. owned about 0.24% of Landstar System worth $11,638,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Landstar System by 8.5% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,083,704 shares of the transportation company’s stock valued at $613,372,000 after acquiring an additional 319,101 shares during the period. Boston Partners raised its holdings in shares of Landstar System by 14.1% in the 2nd quarter. Boston Partners now owns 1,418,274 shares of the transportation company’s stock valued at $197,109,000 after purchasing an additional 175,157 shares during the period. Northern Trust Corp lifted its stake in Landstar System by 9.1% in the 1st quarter. Northern Trust Corp now owns 734,256 shares of the transportation company’s stock valued at $110,285,000 after purchasing an additional 61,477 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Landstar System by 7.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 725,343 shares of the transportation company’s stock valued at $100,837,000 after purchasing an additional 52,392 shares during the last quarter. Finally, Invesco Ltd. increased its position in Landstar System by 1.9% during the first quarter. Invesco Ltd. now owns 462,357 shares of the transportation company’s stock worth $69,446,000 after buying an additional 8,623 shares during the last quarter. 97.95% of the stock is owned by institutional investors.

Landstar System Trading Up 1.3%

Shares of Landstar System stock opened at $140.68 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.01 and a current ratio of 2.01. The firm has a 50-day moving average of $128.08 and a 200-day moving average of $132.79. Landstar System, Inc. has a 52-week low of $119.32 and a 52-week high of $190.69. The stock has a market cap of $4.83 billion, a PE ratio of 35.89 and a beta of 0.85.

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

Landstar System Announces Dividend

The firm also recently declared an annual dividend, which will be paid on Wednesday, January 21st. Stockholders of record on Tuesday, January 6th will be paid a $2.00 dividend. The ex-dividend date is Tuesday, January 6th. This represents a dividend yield of 142.0%. Landstar System’s dividend payout ratio (DPR) is presently 40.82%.

Wall Street Analyst Weigh In

Several analysts have issued reports on LSTR shares. UBS Group dropped their price objective on Landstar System from $149.00 to $147.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 29th. Evercore ISI decreased their target price on Landstar System from $132.00 to $125.00 and set an “in-line” rating on the stock in a report on Tuesday, September 30th. Wall Street Zen raised Landstar System from a “sell” rating to a “hold” rating in a report on Friday, November 28th. JPMorgan Chase & Co. reduced their price objective 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. Finally, Zacks Research downgraded shares of Landstar System from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $134.60.

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.