Todd Asset Management Has Trimmed By $480,304 Its Verizon Communications (VZ) Position; Landstar System (LSTR) Shorts Lowered By 13.31%

November 15, 2017 - By Michael Collier

Todd Asset Management Llc decreased Verizon Communications (VZ) stake by 3.49% reported in 2017Q2 SEC filing. Todd Asset Management Llc sold 10,916 shares as Verizon Communications (VZ)’s stock declined 7.66%. The Todd Asset Management Llc holds 301,825 shares with $13.48 million value, down from 312,741 last quarter. Verizon Communications now has $180.39B valuation. The stock rose 0.07% or $0.03 reaching $44.25. About 115,827 shares traded. Verizon Communications Inc. (NYSE:VZ) has declined 8.48% since November 15, 2016 and is downtrending. It has underperformed by 25.18% the S&P500.

Landstar System Incorporated (NASDAQ:LSTR) had a decrease of 13.31% in short interest. LSTR’s SI was 1.30M shares in November as released by FINRA. Its down 13.31% from 1.50 million shares previously. With 243,200 avg volume, 5 days are for Landstar System Incorporated (NASDAQ:LSTR)’s short sellers to cover LSTR’s short positions. The SI to Landstar System Incorporated’s float is 3.14%. It closed at $96.1 lastly. It is down 24.66% since November 15, 2016 and is uptrending. It has outperformed by 7.96% the S&P500.

Investors sentiment increased to 1.36 in Q2 2017. Its up 0.34, from 1.02 in 2017Q1. It improved, as 24 investors sold Landstar System, Inc. shares while 78 reduced holdings. 35 funds opened positions while 104 raised stakes. 40.48 million shares or 0.13% more from 40.43 million shares in 2017Q1 were reported. Renaissance Technology Ltd Liability Company holds 0.04% in Landstar System, Inc. (NASDAQ:LSTR) or 366,340 shares. Parthenon Ltd Llc has invested 1.65% of its portfolio in Landstar System, Inc. (NASDAQ:LSTR). Shine Investment Advisory Ser owns 0.04% invested in Landstar System, Inc. (NASDAQ:LSTR) for 984 shares. Hussman Strategic Inc accumulated 51,400 shares or 0.98% of the stock. Magnetar Fin Limited Liability Corporation owns 0.02% invested in Landstar System, Inc. (NASDAQ:LSTR) for 14,726 shares. Stevens Mgmt Lp reported 0.05% in Landstar System, Inc. (NASDAQ:LSTR). Bbva Compass Bankshares Incorporated, Texas-based fund reported 14,757 shares. Tiaa Cref Inv Mgmt Ltd holds 172,113 shares or 0.01% of its portfolio. 197,500 were reported by Arrowgrass Capital Prtnrs (Us) Limited Partnership. Blair William And Il stated it has 0.03% in Landstar System, Inc. (NASDAQ:LSTR). Cubic Asset Mgmt reported 0.45% stake. Wellington Management Gp Llp has invested 0% in Landstar System, Inc. (NASDAQ:LSTR). Moreover, First Quadrant L P Ca has 0.61% invested in Landstar System, Inc. (NASDAQ:LSTR) for 358,951 shares. Bluecrest Capital Management holds 0.01% or 2,355 shares in its portfolio. Quantitative Investment Ltd Liability Co holds 0.01% of its portfolio in Landstar System, Inc. (NASDAQ:LSTR) for 7,800 shares.

Landstar System, Inc. is an asset-light well-known provider of integrated transportation management solutions. The company has market cap of $4.03 billion. The Firm offers services to its clients across multiple transportation modes, with the ability to arrange for individual shipments of freight to enterprise solutions to manage customer’s transportation needs. It has a 26.56 P/E ratio. It operates in two divisions: the Transportation Logistics segment and the Insurance segment.

Among 18 analysts covering Landstar System (NASDAQ:LSTR), 4 have Buy rating, 3 Sell and 11 Hold. Therefore 22% are positive. Landstar System had 57 analyst reports since August 20, 2015 according to SRatingsIntel. The stock of Landstar System, Inc. (NASDAQ:LSTR) earned “Hold” rating by Cowen & Co on Monday, October 16. The firm earned “Neutral” rating on Friday, October 23 by Macquarie Research. The stock of Landstar System, Inc. (NASDAQ:LSTR) earned “Buy” rating by Stifel Nicolaus on Monday, September 11. The company was maintained on Thursday, October 5 by Morgan Stanley. William Blair maintained the stock with “Buy” rating in Friday, September 4 report. The firm has “Market Perform” rating given on Friday, October 27 by Wells Fargo. As per Wednesday, March 30, the company rating was downgraded by Macquarie Research. Cowen & Co maintained Landstar System, Inc. (NASDAQ:LSTR) rating on Thursday, October 26. Cowen & Co has “Hold” rating and $97.0 target. As per Monday, September 11, the company rating was maintained by KeyBanc Capital Markets. The firm has “Buy” rating by KeyBanc Capital Markets given on Thursday, October 26.

Since June 1, 2017, it had 0 insider buys, and 1 insider sale for $501,019 activity. 6,000 shares were sold by Beacom Joseph J, worth $501,019 on Thursday, June 1.

Todd Asset Management Llc increased Bnp Paribas Pa Adr (BNPQY) stake by 66,041 shares to 609,307 valued at $22.15 million in 2017Q2. It also upped Dbs Group Holdings Ltd (DBSDY) stake by 47,498 shares and now owns 306,514 shares. Banco Santander Sa Ads (NYSE:SAN) was raised too.

Among 26 analysts covering Verizon Communications Inc. (NYSE:VZ), 6 have Buy rating, 0 Sell and 20 Hold. Therefore 23% are positive. Verizon Communications Inc. has $55 highest and $44 lowest target. $51.10’s average target is 15.48% above currents $44.25 stock price. Verizon Communications Inc. had 57 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Verizon Communications Inc. (NYSE:VZ) earned “Hold” rating by RBC Capital Markets on Sunday, September 17. Macquarie Research maintained it with “Hold” rating and $4900 target in Thursday, June 15 report. RBC Capital Markets maintained it with “Outperform” rating and $50 target in Monday, January 25 report. The company was maintained on Wednesday, October 21 by FBR Capital. On Friday, July 14 the stock rating was maintained by Barclays Capital with “Hold”. Citigroup maintained the stock with “Neutral” rating in Wednesday, October 21 report. The firm earned “Sector Perform” rating on Wednesday, January 25 by RBC Capital Markets. The firm has “Equal-Weight” rating by Barclays Capital given on Monday, April 18. The stock has “Mkt Perform” rating by Raymond James on Wednesday, January 25. Nomura initiated the stock with “Neutral” rating in Friday, October 16 report.

Investors sentiment decreased to 0.88 in Q2 2017. Its down 0.12, from 1 in 2017Q1. It dropped, as 90 investors sold VZ shares while 700 reduced holdings. 112 funds opened positions while 587 raised stakes. 2.49 billion shares or 0.28% less from 2.50 billion shares in 2017Q1 were reported. Verition Fund Mngmt Limited Liability reported 31,328 shares. Wilbanks Smith Thomas Asset Ltd Co has 0.38% invested in Verizon Communications Inc. (NYSE:VZ) for 96,752 shares. Foyston Gordon Payne reported 37,269 shares stake. Westfield Cap Management Communications Ltd Partnership reported 28,660 shares. Capstone stated it has 0.16% in Verizon Communications Inc. (NYSE:VZ). Mutual Of America Limited Com accumulated 496,681 shares. M invested in 0.5% or 32,947 shares. Brookfield Asset holds 0.01% in Verizon Communications Inc. (NYSE:VZ) or 25,500 shares. Girard Prtn has 1.21% invested in Verizon Communications Inc. (NYSE:VZ) for 124,924 shares. Advisor Ltd Limited Liability Company has invested 0.59% in Verizon Communications Inc. (NYSE:VZ). Gyroscope Capital Mgmt Ltd Company reported 5,993 shares or 0.13% of all its holdings. Kessler Inv Gru Ltd Company owns 37,844 shares. Duff & Phelps Investment Management Company reported 1.55 million shares. Moreover, Sumitomo Mitsui Asset Co has 0.25% invested in Verizon Communications Inc. (NYSE:VZ). Gabelli Investment Advisers holds 0.14% or 30,000 shares in its portfolio.

Since May 30, 2017, it had 0 insider purchases, and 1 insider sale for $27,657 activity. SILLIMAN CRAIG L. had sold 610 shares worth $27,657 on Tuesday, May 30.

Analysts await Verizon Communications Inc. (NYSE:VZ) to report earnings on January, 23. They expect $0.88 earnings per share, up 2.33% or $0.02 from last year’s $0.86 per share. VZ’s profit will be $3.59 billion for 12.57 P/E if the $0.88 EPS becomes a reality. After $0.98 actual earnings per share reported by Verizon Communications Inc. for the previous quarter, Wall Street now forecasts -10.20% negative EPS growth.

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By1 Michael Collier




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