Silvercrest Asset Management Group LLC Sells 100 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Silvercrest Asset Management Group LLC lowered its position in shares of Landstar System, Inc. (NASDAQ:LSTR) by 5.3% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 1,772 shares of the transportation company’s stock after selling 100 shares during the quarter. Silvercrest Asset Management Group LLC’s holdings in Landstar System were worth $342,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Blue Trust Inc. raised its holdings in shares of Landstar System by 18.7% in the 4th quarter. Blue Trust Inc. now owns 755 shares of the transportation company’s stock worth $134,000 after purchasing an additional 119 shares during the period. State of Michigan Retirement System raised its holdings in shares of Landstar System by 1.2% in the 4th quarter. State of Michigan Retirement System now owns 8,670 shares of the transportation company’s stock worth $1,679,000 after purchasing an additional 100 shares during the period. Trust Point Inc. bought a new stake in shares of Landstar System in the 4th quarter worth approximately $377,000. Compass Ion Advisors LLC bought a new stake in shares of Landstar System in the 4th quarter worth approximately $205,000. Finally, Boston Trust Walden Corp raised its holdings in shares of Landstar System by 1.2% in the 4th quarter. Boston Trust Walden Corp now owns 235,854 shares of the transportation company’s stock worth $45,673,000 after purchasing an additional 2,722 shares during the period. Institutional investors own 97.95% of the company’s stock.

Wall Street Analyst Weigh In

LSTR has been the topic of a number of research reports. Raymond James lowered their price target on shares of Landstar System from $205.00 to $195.00 and set an “outperform” rating on the stock in a report on Wednesday. Stifel Nicolaus lowered their target price on shares of Landstar System from $166.00 to $164.00 and set a “hold” rating on the stock in a report on Monday, April 29th. 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 report on Wednesday. Susquehanna boosted their target price on shares of Landstar System from $160.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Morgan Stanley lowered their target price on shares of Landstar System from $147.00 to $145.00 and set an “equal weight” rating on the stock in a report on Monday, July 8th. Twelve investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $180.09.

Landstar System Stock Down 1.9 %

LSTR opened at $190.25 on Thursday. The company has a fifty day moving average price of $182.60 and a 200-day moving average price of $184.96. The firm has a market capitalization of $6.80 billion, a P/E ratio of 29.27 and a beta of 0.80. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.22 and a quick ratio of 2.22. Landstar System, Inc. has a one year low of $161.13 and a one year high of $203.65.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings results on Tuesday, July 30th. The transportation company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.02. Landstar System had a net margin of 4.49% and a return on equity of 21.61%. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period in the previous year, the business earned $1.85 EPS. The business’s revenue for the quarter was down 10.8% on a year-over-year basis. Equities research analysts expect that Landstar System, Inc. will post 6.24 earnings per share for the current fiscal year.

About Landstar System

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.