Copeland Capital Management LLC Has $73.31 Million Stake in Landstar System, Inc. (NASDAQ:LSTR)

by · The Cerbat Gem

Copeland Capital Management LLC lifted its holdings in shares of Landstar System, Inc. (NASDAQ:LSTR – Free Report) by 0.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 388,142 shares of the transportation company’s stock after acquiring an additional 3,630 shares during the quarter. Landstar System makes up about 1.3% of Copeland Capital Management LLC’s portfolio, making the stock its 24th biggest holding. Copeland Capital Management LLC owned 1.09% of Landstar System worth $73,308,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in LSTR. Vanguard Group Inc. raised its position in shares of Landstar System by 0.7% in the first quarter. Vanguard Group Inc. now owns 3,480,039 shares of the transportation company’s stock valued at $670,812,000 after purchasing an additional 25,387 shares during the period. Victory Capital Management Inc. grew its stake in Landstar System by 6.2% in the 2nd quarter. Victory Capital Management Inc. now owns 1,697,093 shares of the transportation company’s stock valued at $313,080,000 after buying an additional 99,461 shares during the last quarter. Boston Partners raised its holdings in Landstar System by 1.0% in the 1st quarter. Boston Partners now owns 1,586,286 shares of the transportation company’s stock valued at $305,671,000 after acquiring an additional 15,424 shares during the period. Dimensional Fund Advisors LP lifted its position in Landstar System by 6.6% during the second quarter. Dimensional Fund Advisors LP now owns 594,895 shares of the transportation company’s stock worth $109,743,000 after acquiring an additional 37,020 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of Landstar System by 2.5% during the first quarter. Jacobs Levy Equity Management Inc. now owns 429,315 shares of the transportation company’s stock worth $82,755,000 after acquiring an additional 10,538 shares during the period. Institutional investors own 97.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on LSTR shares. TD Cowen lifted their price target on Landstar System from $171.00 to $176.00 and gave the stock a “hold” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. boosted their target price on shares of Landstar System from $182.00 to $188.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. The Goldman Sachs Group lowered their price target on shares of Landstar System from $165.00 to $158.00 and set a “sell” rating on the stock in a research report on Wednesday, October 9th. Raymond James dropped their price objective on shares of Landstar System from $205.00 to $195.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. Finally, Evercore ISI decreased their target price on shares of Landstar System from $167.00 to $165.00 and set an “in-line” rating on the stock in a research report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $177.25.

Get Our Latest Stock Report on Landstar System

Landstar System Stock Down 2.1 %

Shares of LSTR opened at $183.73 on Tuesday. The firm has a 50 day simple moving average of $184.38 and a two-hundred day simple moving average of $182.55. The company has a market cap of $6.57 billion, a P/E ratio of 28.27 and a beta of 0.80. Landstar System, Inc. has a one year low of $161.13 and a one year high of $201.40. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.17 and a quick ratio of 2.17.

Landstar System (NASDAQ:LSTR – Get Free Report) last announced its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.02. Landstar System had a return on equity of 21.69% and a net margin of 4.49%. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the prior year, the company earned $1.85 EPS. Landstar System’s revenue for the quarter was down 10.8% on a year-over-year basis. Research analysts forecast that Landstar System, Inc. will post 5.85 EPS for the current fiscal year.

Landstar System Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 20th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date was Tuesday, August 20th. This is a boost from Landstar System’s previous quarterly dividend of $0.33. Landstar System’s payout ratio is presently 22.15%.

Landstar System Company Profile

(Free Report)

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 services.

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