Oregon Public Employees Retirement Fund Has $1.32 Million Stake in Landstar System, Inc. (LSTR)

Oregon Public Employees Retirement Fund increased its stake in Landstar System, Inc. (NASDAQ:LSTR) by 4.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,423 shares of the transportation company’s stock after buying an additional 699 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Landstar System were worth $1,320,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Glen Harbor Capital Management LLC increased its stake in shares of 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 period. TrimTabs Asset Management LLC increased its position 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 worth $135,000 after buying an additional 744 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position 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 worth $137,000 after buying an additional 427 shares during the last quarter. Tyers Asset Management LLC increased its position 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 worth $141,000 after buying an additional 176 shares during the last quarter. Finally, Flinton Capital Management LLC increased its position 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 worth $180,000 after buying an additional 224 shares during the last quarter. Institutional investors own 97.10% of the company’s stock.

Landstar System, Inc. (NASDAQ LSTR) traded up 0.12% on Friday, reaching $81.55. The company had a trading volume of 813,546 shares. The stock has a 50 day moving average of $85.38 and a 200 day moving average of $85.20. The firm has a market capitalization of $3.42 billion, a PE ratio of 23.56 and a beta of 0.75. Landstar System, Inc. has a 12 month low of $65.05 and a 12 month high of $90.80.

Landstar System (NASDAQ:LSTR) last posted its earnings results on Wednesday, July 26th. The transportation company reported $0.89 EPS for the quarter, beating the Thomson Reuters’ 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 business’s revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.76 earnings per share. On average, analysts anticipate that Landstar System, Inc. will post $3.55 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 14th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, August 10th. This is a positive change from Landstar System’s previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a dividend yield of 0.49%. Landstar System’s dividend payout ratio is 11.56%.

ILLEGAL ACTIVITY WARNING: “Oregon Public Employees Retirement Fund Has $1.32 Million Stake in Landstar System, Inc. (LSTR)” was originally published by BNB Daily and is the sole property of of BNB Daily. If you are reading this article on another site, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The legal version of this article can be read at https://www.baseball-news-blog.com/2017/08/19/oregon-public-employees-retirement-fund-has-1-32-million-position-in-landstar-system-inc-lstr-updated-updated.html.

A number of research analysts have recently commented on LSTR shares. Cowen and Company increased their price objective on Landstar System from $76.00 to $82.00 and gave the company a “market perform” rating in a report on Thursday, April 27th. Stifel Nicolaus increased their price objective on Landstar System from $81.00 to $87.00 and gave the company a “hold” rating in a report on Friday, April 28th. BidaskClub upgraded Landstar System from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Zacks Investment Research upgraded Landstar System from a “hold” rating to a “buy” rating and set a $98.00 price objective on the stock in a report on Thursday, July 6th. Finally, Deutsche Bank AG downgraded 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 report on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. Landstar System currently has an average rating of “Hold” and a consensus price target of $84.86.

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.

Latest News

Leave a Reply