Landstar System (LSTR) : Capital One National Association scooped up 2,713 additional shares in Landstar System during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 111,372 shares of Landstar System which is valued at $7,782,675.Landstar System makes up approximately 0.62% of Capital One National Association’s portfolio.
Other Hedge Funds, Including , First Quadrant L Pca boosted its stake in LSTR in the latest quarter, The investment management firm added 70,000 additional shares and now holds a total of 413,800 shares of Landstar System which is valued at $28,916,344. Landstar System makes up approx 0.62% of First Quadrant L Pca’s portfolio.Fisher Asset Management reduced its stake in LSTR by selling 3,636 shares or 1.14% in the most recent quarter. The Hedge Fund company now holds 314,760 shares of LSTR which is valued at $22,530,521. Landstar System makes up approx 0.04% of Fisher Asset Management’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.
Landstar System closed down -0.13 points or -0.19% at $69.88 with 6,44,809 shares getting traded on Wednesday. Post opening the session at $70.15, the shares hit an intraday low of $69.66 and an intraday high of $70.79 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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.
Many Wall Street Analysts have commented on Landstar System. Landstar System was Downgraded by Avondale to ” Mkt Perform” on Apr 22, 2016. Company shares were Reiterated by Cowen on Apr 21, 2016 to “Market Perform”, Firm has raised the Price Target to $ 67 from a previous price target of $63 .
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 customers 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 Landstars operating subsidiaries. Landstar provides services throughout the United States Canada Mexico and other countries around the world. The Companys 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.