Tyers Asset Management LLC raised its position in shares of Landstar System, Inc. (NASDAQ:LSTR) by 6.3% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,840 shares of the transportation company’s stock after purchasing an additional 286 shares during the quarter. Tyers Asset Management LLC’s holdings in Landstar System were worth $523,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in LSTR. Eukles Asset Management increased its holdings in shares of Landstar System by 1.3% during the second quarter. Eukles Asset Management now owns 7,610 shares of the transportation company’s stock valued at $822,000 after acquiring an additional 98 shares in the last quarter. Zions Bancorporation N.A. boosted its position in shares of Landstar System by 6.4% in the second quarter. Zions Bancorporation N.A. now owns 1,866 shares of the transportation company’s stock worth $202,000 after buying an additional 113 shares during the period. Advisory Services Network LLC boosted its position in Landstar System by 130.3% during the first quarter. Advisory Services Network LLC now owns 281 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 159 shares during the last quarter. Cetera Advisor Networks LLC boosted its position in Landstar System by 4.1% during the first quarter. Cetera Advisor Networks LLC now owns 4,101 shares of the transportation company’s stock valued at $449,000 after purchasing an additional 160 shares during the last quarter. Finally, Raymond James Trust N.A. lifted its position in shares of Landstar System by 4.5% in the second quarter. Raymond James Trust N.A. now owns 4,308 shares of the transportation company’s stock worth $465,000 after buying an additional 186 shares during the last quarter.

LSTR traded up $0.15 during trading hours on Friday, hitting $113.34. The company’s stock had a trading volume of 6,123 shares, compared to its average volume of 241,490. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.09. Landstar System, Inc. has a 12 month low of $90.23 and a 12 month high of $126.60. The stock has a market cap of $4.58 billion, a price-to-earnings ratio of 18.32, a P/E/G ratio of 1.57 and a beta of 1.27. The business’s 50-day moving average price is $110.09 and its 200-day moving average price is $108.08.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings results on Wednesday, July 24th. The transportation company reported $1.53 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.54 by ($0.01). Landstar System had a net margin of 5.82% and a return on equity of 36.17%. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the previous year, the company posted $1.51 earnings per share. The business’s quarterly revenue was down 11.6% compared to the same quarter last year. On average, analysts forecast that Landstar System, Inc. will post 6.16 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 12th were given a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.65%. This is an increase from Landstar System’s previous quarterly dividend of $0.17. The ex-dividend date was Friday, August 9th. Landstar System’s dividend payout ratio (DPR) is presently 11.97%.

A number of equities research analysts have weighed in on the company. Raymond James raised Landstar System from an “underperform” rating to a “market perform” rating and set a $107.82 price objective on the stock in a report on Tuesday, July 2nd. BidaskClub upgraded shares of Landstar System from a “hold” rating to a “buy” rating in a research report on Wednesday, September 4th. Credit Suisse Group reduced their price objective on shares of Landstar System from $104.00 to $103.00 and set a “neutral” rating for the company in a research note on Friday, July 26th. Stephens began coverage on shares of Landstar System in a research note on Monday, July 1st. They issued a “buy” rating for the company. Finally, SunTrust Banks set a $110.00 price target on shares of Landstar System and gave the company a “hold” rating in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $112.17.

Landstar System Company Profile

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, such as third party logistics and less-than-truckload service providers.

Further Reading: What Does a Sell-Side Analyst Rating Mean?

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

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