Aperio Group LLC increased its stake in shares of Landstar System, Inc. (NASDAQ:LSTR) by 1.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,484 shares of the transportation company’s stock after buying an additional 487 shares during the period. Aperio Group LLC owned 0.08% of Landstar System worth $2,952,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Glen Harbor Capital Management LLC raised its stake in Landstar System by 11.9% in the first quarter. Glen Harbor Capital Management LLC now owns 1,200 shares of the transportation company’s stock valued at $103,000 after buying an additional 128 shares during the last quarter. TrimTabs Asset Management LLC raised its stake in Landstar System by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 1,580 shares of the transportation company’s stock valued at $135,000 after buying an additional 744 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Landstar System by 36.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,600 shares of the transportation company’s stock valued at $137,000 after buying an additional 427 shares during the last quarter. Tyers Asset Management LLC raised its stake in Landstar System by 11.9% in the first quarter. Tyers Asset Management LLC now owns 1,650 shares of the transportation company’s stock valued at $141,000 after buying an additional 176 shares during the last quarter. Finally, Flinton Capital Management LLC raised its stake in Landstar System by 11.9% in the first quarter. Flinton Capital Management LLC now owns 2,100 shares of the transportation company’s stock valued at $180,000 after buying an additional 224 shares during the last quarter. 97.12% of the stock is owned by institutional investors and hedge funds.

Shares of Landstar System, Inc. (NASDAQ LSTR) traded up 2.43% during midday trading on Friday, hitting $84.20. The company had a trading volume of 293,674 shares. Landstar System, Inc. has a 12 month low of $65.05 and a 12 month high of $90.80. The company has a market capitalization of $3.53 billion, a PE ratio of 24.32 and a beta of 0.75. The company has a 50-day moving average of $86.43 and a 200-day moving average of $85.34.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings data on Wednesday, July 26th. The transportation company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.01. The company had revenue of $870.34 million during the quarter, compared to analyst estimates of $859.30 million. Landstar System had a return on equity of 26.11% and a net margin of 4.37%. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.76 earnings per share. Analysts predict that Landstar System, Inc. will post $3.56 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, August 14th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.48%. This is a positive change from Landstar System’s previous quarterly dividend of $0.09. The ex-dividend date is Thursday, August 10th. Landstar System’s dividend payout ratio is presently 10.40%.

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Several equities research analysts have recently issued reports on the company. Zacks Investment Research lowered Landstar System from a “buy” rating to a “hold” rating in a research note on Thursday. BidaskClub lowered Landstar System from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Deutsche Bank AG lowered Landstar System from a “buy” rating to a “hold” rating and lowered their price objective for the company from $97.00 to $87.00 in a research note on Monday, July 31st. Stifel Nicolaus raised Landstar System from a “hold” rating to a “buy” rating and raised their price objective for the company from $87.00 to $95.00 in a research note on Monday, July 31st. Finally, Cowen and Company raised their price objective on Landstar System from $76.00 to $82.00 and gave the company a “market perform” rating in a research note on Thursday, April 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $87.67.

About Landstar System

Landstar System, Inc (Landstar) is an asset-light provider of integrated transportation management solutions. The Company offers services to its customers across multiple transportation modes, with the ability to arrange for individual shipments of freight to enterprise solutions to manage customer’s transportation needs.

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Institutional Ownership by Quarter for Landstar System (NASDAQ:LSTR)

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