Clark Estates Incny adds Landstar System (LSTR) to its portfolio

Landstar System (LSTR) : Clark Estates Incny added new position in Landstar System during the most recent quarter end. The investment management firm now holds 39,000 shares of Landstar System which is valued at $2,685,930 , the company said in a statement filed on Aug 1, 2016 with the SEC.Landstar System makes up approximately 0.50% of Clark Estates Incny’s portfolio.

Other Hedge Funds, Including , Signaturefd reduced its stake in LSTR by selling 54 shares or 45.76% in the most recent quarter. The Hedge Fund company now holds 64 shares of LSTR which is valued at $4,511. Rockefeller Financial Services Inc sold out all of its stake in LSTR during the most recent quarter. The investment firm sold 127 shares of LSTR which is valued $8,914. Simplex Trading added LSTR to its portfolio by purchasing 10 company shares during the most recent quarter which is valued at $699.Cutler Group Lp boosted its stake in LSTR in the latest quarter, The investment management firm added 68 additional shares and now holds a total of 255 shares of Landstar System which is valued at $18,253.

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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