Ghp Investment Advisors buys $2,125,879 stake in Landstar System (LSTR)

Landstar System (LSTR) : Ghp Investment Advisors scooped up 2,037 additional shares in Landstar System during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 30,868 shares of Landstar System which is valued at $2,125,879.Landstar System makes up approximately 0.41% of Ghp Investment Advisors’s portfolio.

Other Hedge Funds, Including , California Public Employees Retirement System boosted its stake in LSTR in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 129,300 shares of Landstar System which is valued at $8,904,891. Landstar System makes up approx 0.01% of California Public Employees Retirement System’s portfolio.Old Mutual Global Investors (uk) Ltd. reduced its stake in LSTR by selling 139,975 shares or 99.93% in the most recent quarter. The Hedge Fund company now holds 103 shares of LSTR which is valued at $7,230. Parametrica Management Ltd added LSTR to its portfolio by purchasing 3,711 company shares during the most recent quarter which is valued at $260,475. Landstar System makes up approx 0.37% of Parametrica Management Ltd’s portfolio.Ibm Retirement Fund reduced its stake in LSTR by selling 163 shares or 3.69% in the most recent quarter. The Hedge Fund company now holds 4,260 shares of LSTR which is valued at $299,009. Landstar System makes up approx 0.01% of Ibm Retirement Fund’s portfolio.

Landstar System opened for trading at $69.65 and hit $70 on the upside on Monday, eventually ending the session at $69.84, with a gain of 0.09% or 0.06 points. The heightened volatility saw the trading volume jump to 2,34,586 shares. Company has a market cap of $2,941 M.

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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