WCM Investment Management LLC Has $17.99 Million Holdings in Landstar System, Inc. $LSTR

WCM Investment Management LLC lowered its position in Landstar System, Inc. (NASDAQ:LSTR) by 13.4% during the third quarter, according to its most recent filing with the SEC. The firm owned 148,102 shares of the transportation company’s stock after selling 22,862 shares during the period. WCM Investment Management LLC owned 0.43% of Landstar System worth $17,994,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of LSTR. Integrated Wealth Concepts LLC raised its stake in Landstar System by 9.8% during the first quarter. Integrated Wealth Concepts LLC now owns 3,767 shares of the transportation company’s stock worth $566,000 after buying an additional 336 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Landstar System by 57.1% during the first quarter. Goldman Sachs Group Inc. now owns 138,009 shares of the transportation company’s stock valued at $20,729,000 after acquiring an additional 50,142 shares during the last quarter. Empowered Funds LLC grew its holdings in Landstar System by 38.3% during the 1st quarter. Empowered Funds LLC now owns 4,687 shares of the transportation company’s stock worth $704,000 after acquiring an additional 1,298 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Landstar System by 13.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 142,341 shares of the transportation company’s stock worth $21,380,000 after acquiring an additional 16,698 shares during the period. Finally, Geneos Wealth Management Inc. raised its position in shares of Landstar System by 132.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the transportation company’s stock worth $37,000 after acquiring an additional 142 shares in the last quarter. 97.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. UBS Group cut their target price on Landstar System from $149.00 to $147.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 29th. Stifel Nicolaus boosted their price target on Landstar System from $140.00 to $147.00 and gave the company a “hold” rating in a research note on Wednesday, January 14th. JPMorgan Chase & Co. increased their price target on Landstar System from $134.00 to $162.00 and gave the stock a “neutral” rating in a report on Monday, January 12th. Susquehanna lifted their price objective on shares of Landstar System from $110.00 to $160.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Finally, Zacks Research upgraded shares of Landstar System from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and thirteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $153.00.

Landstar System Trading Up 6.3%

NASDAQ LSTR opened at $158.70 on Tuesday. The company has a quick ratio of 2.01, a current ratio of 1.75 and a debt-to-equity ratio of 0.06. Landstar System, Inc. has a 52 week low of $119.32 and a 52 week high of $164.35. The business has a 50 day moving average price of $145.46 and a 200-day moving average price of $134.98. The company has a market cap of $5.45 billion, a price-to-earnings ratio of 47.95 and a beta of 0.85.

Landstar System Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 18th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, February 18th. Landstar System’s dividend payout ratio (DPR) is 48.34%.

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.