Landstar System, Inc. (NASDAQ:LSTR) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC trimmed its position in shares of Landstar System, Inc. (NASDAQ:LSTR) by 16.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,511 shares of the transportation company’s stock after selling 3,788 shares during the period. Janus Henderson Group PLC’s holdings in Landstar System were worth $2,107,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Advisory Services Network LLC increased its holdings in Landstar System by 130.3% in the 1st 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 in the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in Landstar System in the 2nd quarter valued at $60,000. Manchester Capital Management LLC acquired a new stake in Landstar System in the 1st quarter valued at $65,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Landstar System in the 2nd quarter valued at $82,000. Finally, Zions Bancorporation N.A. acquired a new stake in Landstar System in the 1st quarter valued at $192,000.

Shares of Landstar System stock opened at $117.58 on Thursday. The business has a 50-day moving average of $110.09 and a 200-day moving average of $108.08. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.98 and a quick ratio of 1.98. The company has a market capitalization of $4.50 billion, a PE ratio of 19.03, a P/E/G ratio of 1.54 and a beta of 1.27. Landstar System, Inc. has a 1-year low of $90.23 and a 1-year high of $128.05.

Landstar System (NASDAQ:LSTR) last announced its earnings results on Wednesday, July 24th. The transportation company reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.54 by ($0.01). The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.07 billion. Landstar System had a net margin of 5.82% and a return on equity of 36.17%. The firm’s revenue was down 11.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.51 earnings per share. On average, equities analysts expect that Landstar System, Inc. will post 6.16 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 12th were paid a dividend of $0.185 per share. The ex-dividend date was Friday, August 9th. This is an increase from Landstar System’s previous quarterly dividend of $0.17. This represents a $0.74 annualized dividend and a dividend yield of 0.63%. Landstar System’s dividend payout ratio (DPR) is currently 11.97%.

LSTR has been the subject of several recent research reports. Morgan Stanley set a $91.00 price target on Landstar System and gave the company a “sell” rating in a report on Monday, July 8th. Cowen reiterated a “hold” rating and issued a $119.00 price target on shares of Landstar System in a report on Thursday, July 25th. Wolfe Research upgraded Landstar System from an “underperform” rating to a “peer perform” rating in a report on Friday, June 28th. BidaskClub upgraded Landstar System from a “hold” rating to a “buy” rating in a report on Wednesday, September 4th. Finally, Stephens initiated coverage on Landstar System in a report on Monday, July 1st. They issued a “buy” rating for the company. One analyst has rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $112.07.

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

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

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