Reinhart Partners LLC. Has $71.25 Million Stock Holdings in Landstar System, Inc. $LSTR

Reinhart Partners LLC. increased its holdings in shares of Landstar System, Inc. (NASDAQ:LSTR) by 36.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 581,293 shares of the transportation company’s stock after purchasing an additional 155,260 shares during the period. Landstar System makes up about 2.3% of Reinhart Partners LLC.’s holdings, making the stock its 18th biggest position. Reinhart Partners LLC. owned 1.68% of Landstar System worth $71,245,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Boston Partners boosted its holdings in shares of Landstar System by 14.2% during the 2nd quarter. Boston Partners now owns 1,419,718 shares of the transportation company’s stock worth $197,310,000 after buying an additional 176,601 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Landstar System by 6.8% during the 2nd quarter. First Trust Advisors LP now owns 731,615 shares of the transportation company’s stock valued at $101,709,000 after acquiring an additional 46,547 shares during the period. JPMorgan Chase & Co. boosted its stake in Landstar System by 7.8% during the second quarter. JPMorgan Chase & Co. now owns 725,343 shares of the transportation company’s stock worth $100,837,000 after acquiring an additional 52,392 shares in the last quarter. Copeland Capital Management LLC grew its holdings in Landstar System by 13.1% in the second quarter. Copeland Capital Management LLC now owns 425,443 shares of the transportation company’s stock worth $59,145,000 after purchasing an additional 49,353 shares during the period. Finally, Bank of America Corp DE grew its holdings in Landstar System by 9.4% in the second quarter. Bank of America Corp DE now owns 406,872 shares of the transportation company’s stock worth $56,563,000 after purchasing an additional 34,871 shares during the period. 97.95% of the stock is currently owned by institutional investors.

Landstar System Price Performance

Shares of NASDAQ LSTR opened at $153.55 on Friday. The stock has a market cap of $5.27 billion, a price-to-earnings ratio of 39.17 and a beta of 0.84. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.01 and a current ratio of 2.01. Landstar System, Inc. has a fifty-two week low of $119.32 and a fifty-two week high of $179.66. The firm’s 50-day simple moving average is $139.49 and its 200 day simple moving average is $134.21.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings data on Tuesday, October 28th. The transportation company reported $1.22 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 company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the prior year, the firm posted $1.41 earnings per share. The business’s revenue for the quarter was down .7% on a year-over-year basis. As a group, research analysts anticipate 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 will be paid on Wednesday, January 21st. Investors of record on Tuesday, January 6th will be given a $2.00 dividend. This represents a yield of 134.0%. The ex-dividend date of this dividend is Tuesday, January 6th. Landstar System’s dividend payout ratio is presently 40.82%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Cowen reiterated a “hold” rating on shares of Landstar System in a report on Friday, January 9th. JPMorgan Chase & Co. boosted their target price on Landstar System from $134.00 to $162.00 and gave the company a “neutral” rating in a research report on Monday, January 12th. UBS Group dropped their price target on Landstar System from $149.00 to $147.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 29th. Susquehanna increased their price target on Landstar System from $110.00 to $160.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Landstar System in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Landstar System presently has an average rating of “Hold” and a consensus target price of $153.00.

Landstar System Company 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.