Crossmark Global Holdings Inc. Increases Holdings in Landstar System, Inc. (LSTR)

Crossmark Global Holdings Inc. grew its position in Landstar System, Inc. (NASDAQ:LSTR) by 7.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,831 shares of the transportation company’s stock after acquiring an additional 270 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Landstar System were worth $419,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Intercontinental Wealth Advisors LLC acquired a new position in shares of Landstar System in the 4th quarter worth approximately $50,000. Essex Savings Bank acquired a new stake in Landstar System during the 4th quarter valued at $67,000. Penserra Capital Management LLC acquired a new stake in Landstar System during the 4th quarter valued at $79,000. Quantamental Technologies LLC acquired a new stake in Landstar System during the 4th quarter valued at $116,000. Finally, Park National Corp OH acquired a new stake in Landstar System during the 1st quarter valued at $201,000. Institutional investors own 98.65% of the company’s stock.

A number of research firms recently weighed in on LSTR. BidaskClub raised Landstar System from a “hold” rating to a “buy” rating in a report on Saturday, March 30th. Stifel Nicolaus raised their price target on Landstar System from $119.00 to $123.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Cowen reaffirmed a “market perform” rating and set a $115.00 price target (up from $110.00) on shares of Landstar System in a report on Thursday, April 25th. Finally, Buckingham Research dropped their price target on Landstar System from $115.00 to $114.00 and set a “neutral” rating for the company in a report on Tuesday, April 2nd. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $113.22.

In other news, CFO L Kevin Stout sold 6,000 shares of Landstar System stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $110.99, for a total value of $665,940.00. Following the completion of the sale, the chief financial officer now directly owns 47,204 shares of the company’s stock, valued at approximately $5,239,171.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Patrick J. O’malley sold 23,000 shares of Landstar System stock in a transaction on Monday, May 6th. The shares were sold at an average price of $110.82, for a total value of $2,548,860.00. Following the completion of the sale, the chief marketing officer now directly owns 20,929 shares of the company’s stock, valued at $2,319,351.78. The disclosure for this sale can be found here. Insiders sold a total of 53,481 shares of company stock valued at $5,941,557 over the last three months. Insiders own 1.00% of the company’s stock.

LSTR stock opened at $106.67 on Friday. Landstar System, Inc. has a fifty-two week low of $90.23 and a fifty-two week high of $128.70. The firm has a market cap of $4.28 billion, a P/E ratio of 17.26, a price-to-earnings-growth ratio of 1.39 and a beta of 1.17. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.10.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings results on Wednesday, April 24th. The transportation company reported $1.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.52 by $0.06. Landstar System had a return on equity of 37.24% and a net margin of 5.68%. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the firm posted $1.37 EPS. The business’s revenue was down 1.4% on a year-over-year basis. As a group, equities research analysts expect that Landstar System, Inc. will post 6.41 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, May 9th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $0.66 annualized dividend and a dividend yield of 0.62%. Landstar System’s dividend payout ratio (DPR) is currently 10.68%.

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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.

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

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