Northwestern Mutual Investment Management Company LLC Sold 1 Shares of Landstar System, Inc. (LSTR)

Northwestern Mutual Investment Management Company LLC Sold 1 Shares of Landstar System, Inc. (LSTR)

Northwestern Mutual Investment Management Company LLC lowered its stake in Landstar System, Inc. (NASDAQ:LSTR) by 0.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,199 shares of the transportation company’s stock after selling 1 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Landstar System were worth $617,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Glen Harbor Capital Management LLC boosted its position in 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 worth $103,000 after buying an additional 128 shares during the last quarter. Tyers Asset Management LLC purchased a new position in Landstar System during the fourth quarter worth $126,000. TrimTabs Asset Management LLC boosted 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. Pacad Investment Ltd. boosted its position in Landstar System by 272.1% in the fourth quarter. Pacad Investment Ltd. now owns 1,600 shares of the transportation company’s stock worth $136,000 after buying an additional 1,170 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted 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. 99.73% of the stock is owned by hedge funds and other institutional investors.

Landstar System, Inc. (NASDAQ LSTR) traded down 0.29% during mid-day trading on Friday, hitting $84.60. 207,650 shares of the stock were exchanged. The company has a 50-day moving average price of $84.00 and a 200-day moving average price of $84.92. Landstar System, Inc. has a one year low of $64.18 and a one year high of $90.80. The company has a market cap of $3.55 billion, a P/E ratio of 25.40 and a beta of 0.74.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings results on Wednesday, April 26th. The transportation company reported $0.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.04. The firm had revenue of $780.90 million during the quarter, compared to analysts’ expectations of $757.56 million. Landstar System had a net margin of 4.34% and a return on equity of 27.08%. Landstar System’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.69 EPS. Analysts forecast that Landstar System, Inc. will post $3.53 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 2nd. Investors of record on Thursday, May 11th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date was Tuesday, May 9th. Landstar System’s dividend payout ratio is currently 11.08%.

A number of research analysts have weighed in on LSTR shares. Credit Suisse Group AG reaffirmed a “neutral” rating and issued a $83.00 price objective (up previously from $82.00) on shares of Landstar System in a report on Monday, March 6th. Cowen and Company lifted their price objective on shares of Landstar System from $70.00 to $76.00 and gave the company a “market perform” rating in a report on Friday, February 3rd. Stifel Nicolaus lifted their price objective on shares of Landstar System from $81.00 to $87.00 and gave the company a “hold” rating in a report on Friday, April 28th. Finally, Zacks Investment Research cut shares of Landstar System from a “buy” rating to a “hold” rating in a report on Tuesday, February 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $85.33.

In related news, CFO L Kevin Stout sold 5,448 shares of the stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of $85.65, for a total transaction of $466,621.20. Following the completion of the sale, the chief financial officer now owns 30,397 shares in the company, valued at approximately $2,603,503.05. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.30% of the stock is owned by corporate insiders.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:LSTR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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