GHP Investment Advisors Inc. Reduces Position in Landstar System, Inc. $LSTR

GHP Investment Advisors Inc. decreased its position in Landstar System, Inc. (NASDAQ:LSTR) by 11.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,905 shares of the transportation company’s stock after selling 5,331 shares during the period. GHP Investment Advisors Inc. owned approximately 0.12% of Landstar System worth $4,891,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Boston Partners increased its holdings 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. First Trust Advisors LP boosted its position in Landstar System by 6.8% in the second quarter. First Trust Advisors LP now owns 731,615 shares of the transportation company’s stock valued at $101,709,000 after buying an additional 46,547 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Landstar System by 7.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 725,343 shares of the transportation company’s stock worth $100,837,000 after buying an additional 52,392 shares during the period. Reinhart Partners LLC. increased its holdings in Landstar System by 36.4% in the 3rd quarter. Reinhart Partners LLC. now owns 581,293 shares of the transportation company’s stock worth $71,245,000 after buying an additional 155,260 shares during the period. Finally, Copeland Capital Management LLC raised its position in Landstar System by 13.1% during the 2nd quarter. Copeland Capital Management LLC now owns 425,443 shares of the transportation company’s stock worth $59,145,000 after buying an additional 49,353 shares during the last quarter. Institutional investors and hedge funds own 97.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on LSTR. Truist Financial increased their price objective on shares of Landstar System from $130.00 to $150.00 and gave the stock a “hold” rating in a research note on Thursday, January 15th. Evercore ISI increased their price target on Landstar System from $125.00 to $151.00 and gave the stock an “in-line” rating in a research report on Monday, January 12th. Robert W. Baird set a $159.00 price objective on Landstar System in a research note on Wednesday, January 7th. Zacks Research upgraded Landstar System from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Finally, TD Cowen reaffirmed a “hold” rating on shares of Landstar System in a report on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $153.00.

Landstar System Price Performance

Shares of Landstar System stock opened at $153.94 on Friday. The company has a quick ratio of 2.01, 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 $179.51. The business has a 50-day moving average price of $142.07 and a 200 day moving average price of $134.48. The firm has a market cap of $5.29 billion, a PE ratio of 39.27 and a beta of 0.84.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings results on Tuesday, October 28th. The transportation company reported $1.22 earnings per share (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 analysts’ expectations of $1.21 billion. During the same quarter in the prior year, the company posted $1.41 EPS. The business’s revenue for the quarter was down .7% compared to the same quarter last year. Sell-side analysts predict that Landstar System, Inc. will post 6.1 earnings per share for the current fiscal year.

Landstar System Announces Dividend

The business also recently declared an annual dividend, which was paid on Wednesday, January 21st. Investors of record on Tuesday, January 6th were issued a $2.00 dividend. This represents a yield of 134.0%. The ex-dividend date of this dividend was Tuesday, January 6th. Landstar System’s payout ratio is presently 40.82%.

Landstar System Profile

Landstar System, Inc provides integrated transportation management solutions through a network of independent agents and third-party capacity providers. The company specializes in truckload brokerage, intermodal, air and ocean freight, expedited and heavy-haul services, along with value-added offerings such as cargo insurance, customs brokerage and supply chain management. Landstar’s proprietary technology platform enables real-time load matching, shipment tracking and data analytics to optimize fleet utilization and improve customer service.

Founded in 1968 and headquartered in Jacksonville, Florida, Landstar pioneered an asset-light brokerage model that has evolved into a global logistics operation.