Landstar System (LSTR) : Integrated Investment Consultants scooped up 75 additional shares in Landstar System during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 1,000 shares of Landstar System which is valued at $65,690.Landstar System makes up approximately 0.03% of Integrated Investment Consultants’s portfolio.
Other Hedge Funds, Including , Reliance Trust Co Of Delaware added LSTR to its portfolio by purchasing 3,290 company shares during the most recent quarter which is valued at $216,120. Landstar System makes up approx 0.02% of Reliance Trust Co Of Delaware’s portfolio. Toth Financial Advisory Corp sold out all of its stake in LSTR during the most recent quarter. The investment firm sold 6,000 shares of LSTR which is valued $395,880.Weaver C. Barksdale Associates reduced its stake in LSTR by selling 7 shares or 3.0% in the most recent quarter. The Hedge Fund company now holds 226 shares of LSTR which is valued at $15,142. Landstar System makes up approx 0.03% of Weaver C. Barksdale Associates’s portfolio. Algert Global sold out all of its stake in LSTR during the most recent quarter. The investment firm sold 12,021 shares of LSTR which is valued $805,407. Simplex Trading sold out all of its stake in LSTR during the most recent quarter. The investment firm sold 10 shares of LSTR which is valued $672.
Landstar System closed down -0.29 points or -0.44% at $65.69 with 4,55,651 shares getting traded on Friday. Post opening the session at $66.1, the shares hit an intraday low of $65.58 and an intraday high of $66.43 and the price fluctuated in this range throughout the day.Shares ended Friday 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 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.