Amalgamated Bank boosted its position in Landstar System, Inc. (NASDAQ:LSTR) by 6.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,349 shares of the transportation company’s stock after buying an additional 575 shares during the period. Amalgamated Bank’s holdings in Landstar System were worth $1,025,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Renaissance Technologies LLC lifted its holdings in Landstar System by 33.4% in the fourth quarter. Renaissance Technologies LLC now owns 246,340 shares of the transportation company’s stock valued at $25,644,000 after acquiring an additional 61,745 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Landstar System by 13.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 230,126 shares of the transportation company’s stock valued at $23,957,000 after acquiring an additional 26,789 shares during the period. Quadrature Capital Ltd acquired a new stake in Landstar System in the fourth quarter valued at $563,000. Schroder Investment Management Group acquired a new stake in Landstar System in the fourth quarter valued at $4,789,000. Finally, Anchor Bolt Capital LP acquired a new stake in Landstar System in the fourth quarter valued at $8,852,000. Hedge funds and other institutional investors own 97.29% of the company’s stock.
In other news, CMO Patrick J. O’malley sold 1,812 shares of Landstar System stock in a transaction on Tuesday, June 12th. The stock was sold at an average price of $115.62, for a total transaction of $209,503.44. Following the completion of the transaction, the chief marketing officer now owns 32,830 shares of the company’s stock, valued at approximately $3,795,804.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.00% of the company’s stock.
A number of equities research analysts have commented on the company. Stifel Nicolaus reissued a “hold” rating and issued a $123.00 target price on shares of Landstar System in a report on Wednesday. Zacks Investment Research raised Landstar System from a “hold” rating to a “buy” rating and set a $125.00 target price for the company in a report on Thursday. Credit Suisse Group reduced their target price on Landstar System from $115.00 to $108.00 and set a “neutral” rating for the company in a report on Monday, April 30th. Cowen reissued a “market perform” rating and issued a $108.00 target price (down previously from $118.00) on shares of Landstar System in a report on Thursday, April 26th. Finally, Stephens reissued a “buy” rating and issued a $143.00 target price on shares of Landstar System in a report on Monday, April 9th. One analyst has rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $115.62.
Landstar System opened at $109.85 on Friday, Marketbeat.com reports. The firm has a market cap of $4.69 billion, a PE ratio of 29.29, a PEG ratio of 1.43 and a beta of 0.86. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.96 and a quick ratio of 1.96. Landstar System, Inc. has a 52-week low of $80.00 and a 52-week high of $118.60.
Landstar System (NASDAQ:LSTR) last released its quarterly earnings results on Wednesday, April 25th. The transportation company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.02. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. Landstar System had a return on equity of 27.86% and a net margin of 5.17%. The business’s revenue was up 34.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.77 EPS. analysts expect that Landstar System, Inc. will post 5.78 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 1st. Stockholders of record on Thursday, May 10th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.55%. The ex-dividend date was Wednesday, May 9th. Landstar System’s dividend payout ratio (DPR) is presently 16.00%.
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, including third party logistics and less-than-truckload service providers.
Want to see what other hedge funds are holding LSTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Landstar System, Inc. (NASDAQ:LSTR).
Receive News & Ratings for Landstar System Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Landstar System and related companies with MarketBeat.com's FREE daily email newsletter.