Ensemble Capital Management buys $18,131,512 stake in Landstar System (LSTR)

Landstar System (LSTR) : Ensemble Capital Management scooped up 57,270 additional shares in Landstar System during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 265,780 shares of Landstar System which is valued at $18,131,512.Landstar System makes up approximately 4.90% of Ensemble Capital Management’s portfolio.

Other Hedge Funds, Including , Pacific Global Investment Management Co reduced its stake in LSTR by selling 740 shares or 9.75% in the most recent quarter. The Hedge Fund company now holds 6,853 shares of LSTR which is valued at $467,512. Landstar System makes up approx 0.10% of Pacific Global Investment Management Co’s portfolio.Blackrock Group Ltd boosted its stake in LSTR in the latest quarter, The investment management firm added 38,248 additional shares and now holds a total of 93,960 shares of Landstar System which is valued at $6,409,951. Gsa Capital Partners Llp sold out all of its stake in LSTR during the most recent quarter. The investment firm sold 3,199 shares of LSTR which is valued $223,226.New York State Teachers Retirement System reduced its stake in LSTR by selling 200 shares or 0.25% in the most recent quarter. The Hedge Fund company now holds 80,734 shares of LSTR which is valued at $5,666,719. Landstar System makes up approx 0.01% of New York State Teachers Retirement System’s portfolio.

Landstar System opened for trading at $68.98 and hit $69.58 on the upside on Monday, eventually ending the session at $69.54, with a gain of 1.02% or 0.7 points. The heightened volatility saw the trading volume jump to 1,93,513 shares. Company has a market cap of $2,928 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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