Flinton Capital Management LLC lifted its position in shares of Landstar System, Inc. (NASDAQ:LSTR) by 54.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,248 shares of the transportation company’s stock after acquiring an additional 1,148 shares during the period. Flinton Capital Management LLC’s holdings in Landstar System were worth $278,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of LSTR. Advisor Group Inc. lifted its holdings in shares of Landstar System by 64.8% during the 2nd quarter. Advisor Group Inc. now owns 1,523 shares of the transportation company’s stock worth $130,000 after acquiring an additional 599 shares during the period. IFP Advisors Inc lifted its holdings in shares of Landstar System by 2.9% during the 2nd quarter. IFP Advisors Inc now owns 1,646 shares of the transportation company’s stock worth $141,000 after acquiring an additional 47 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Landstar System by 14.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,824 shares of the transportation company’s stock worth $156,000 after acquiring an additional 224 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Landstar System by 22.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,000 shares of the transportation company’s stock worth $171,000 after acquiring an additional 373 shares during the period. Finally, ETRADE Capital Management LLC bought a new stake in shares of Landstar System during the 2nd quarter worth approximately $209,000. 96.99% of the stock is owned by institutional investors.

Shares of Landstar System, Inc. (NASDAQ LSTR) opened at 100.15 on Friday. The firm has a market capitalization of $4.20 billion, a PE ratio of 28.93 and a beta of 0.76. The stock’s 50 day moving average is $95.49 and its 200 day moving average is $87.53. Landstar System, Inc. has a 52-week low of $65.05 and a 52-week high of $101.75.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings results on Wednesday, July 26th. The transportation company reported $0.89 EPS for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.01. Landstar System had a net margin of 4.37% and a return on equity of 26.11%. The company had revenue of $870.34 million during the quarter, compared to analyst estimates of $859.30 million. During the same period in the prior year, the business posted $0.76 EPS. The firm’s revenue was up 12.3% compared to the same quarter last year. On average, equities research analysts forecast that Landstar System, Inc. will post $3.61 EPS for the current year.

Several equities analysts recently commented on the stock. Zacks Investment Research raised shares of Landstar System from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a research note on Thursday, July 6th. Cowen and Company reissued a “hold” rating and issued a $86.00 price objective on shares of Landstar System in a research note on Monday, August 28th. Deutsche Bank AG downgraded shares of Landstar System from a “buy” rating to a “hold” rating and dropped their price objective for the company from $97.00 to $87.00 in a research note on Monday, July 31st. Stephens raised shares of Landstar System from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $88.00 to $103.00 in a research note on Wednesday, August 30th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $95.00 price objective on shares of Landstar System in a research note on Tuesday, September 12th. Two analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. Landstar System has a consensus rating of “Hold” and an average target price of $93.10.

COPYRIGHT VIOLATION WARNING: This piece was first posted by Daily Political and is the sole property of of Daily Political. If you are reading this piece on another website, it was stolen and reposted in violation of United States & international trademark and copyright law. The legal version of this piece can be accessed at https://www.dailypolitical.com/2017/10/13/landstar-system-inc-lstr-stake-increased-by-flinton-capital-management-llc.html.

Landstar System Company Profile

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.

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

Receive News & Ratings for Landstar System Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Landstar System Inc. and related companies with MarketBeat.com's FREE daily email newsletter.