Trimtabs Asset Management Lowers stake in Landstar System (LSTR)

Landstar System (LSTR) : Trimtabs Asset Management reduced its stake in Landstar System by 10.4% during the most recent quarter end. The investment management company now holds a total of 25,246 shares of Landstar System which is valued at $1,738,692 after selling 2,929 shares in Landstar System , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Landstar System makes up approximately 1.08% of Trimtabs Asset Management’s portfolio.

Other Hedge Funds, Including , Tradition Capital Management reduced its stake in LSTR by selling 340 shares or 2.25% in the most recent quarter. The Hedge Fund company now holds 14,755 shares of LSTR which is valued at $1,016,177. Landstar System makes up approx 0.33% of Tradition Capital Management’s portfolio.Cardinal Capital Management boosted its stake in LSTR in the latest quarter, The investment management firm added 625 additional shares and now holds a total of 10,506 shares of Landstar System which is valued at $740,568. Landstar System makes up approx 0.29% of Cardinal Capital Management’s portfolio.Moody Aldrich Partners boosted its stake in LSTR in the latest quarter, The investment management firm added 11,300 additional shares and now holds a total of 18,045 shares of Landstar System which is valued at $1,273,616. Landstar System makes up approx 1.01% of Moody Aldrich Partners’s portfolio. Washington Trust Bank added LSTR to its portfolio by purchasing 31 company shares during the most recent quarter which is valued at $2,196.Integrated Investment Consultants boosted its stake in LSTR in the latest quarter, The investment management firm added 525 additional shares and now holds a total of 925 shares of Landstar System which is valued at $64,325. Landstar System makes up approx 0.03% of Integrated Investment Consultants’s portfolio.

Landstar System closed down -0.26 points or -0.38% at $68.61 with 3,23,096 shares getting traded on Thursday. Post opening the session at $68.88, the shares hit an intraday low of $68.52 and an intraday high of $69.4899 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Landstar System reported $0.76 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Jul 20, 2016. Analyst had a consensus of $0.81. The company had revenue of $775.20 million for the quarter, compared to analysts expectations of $786.99 million. The company’s revenue was down -10.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.92 EPS.

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 all of a customer’s transportation needs. The Company operates in two segments: the Transportation Logistics segment which provides a range of integrated transportation management solutions and the Insurance segment which provides risk and claims management services to certain of Landstar’s operating subsidiaries. Landstar provides services throughout the United States Canada Mexico and other countries around the world. The Company’s services are delivered through a network of independent commission sales agents and third-party capacity providers linked together by a series of technological applications which are provided and coordinated by the Company.

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