Barclays PLC Has $8.04 Million Stake in Landstar System, Inc. (NASDAQ:LSTR)

Barclays PLC grew its stake in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 30.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 46,772 shares of the transportation company's stock after acquiring an additional 10,899 shares during the period. Barclays PLC owned about 0.13% of Landstar System worth $8,039,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of LSTR. Petros Family Wealth LLC purchased a new stake in shares of Landstar System during the fourth quarter valued at $250,000. Sterling Capital Management LLC lifted its stake in Landstar System by 56.7% during the fourth quarter. Sterling Capital Management LLC now owns 2,125 shares of the transportation company's stock valued at $365,000 after buying an additional 769 shares in the last quarter. Capital Fund Management S.A. boosted its holdings in shares of Landstar System by 73.6% in the fourth quarter. Capital Fund Management S.A. now owns 30,416 shares of the transportation company's stock worth $5,227,000 after buying an additional 12,891 shares during the period. Bessemer Group Inc. boosted its holdings in shares of Landstar System by 6.9% in the fourth quarter. Bessemer Group Inc. now owns 2,213 shares of the transportation company's stock worth $380,000 after buying an additional 143 shares during the period. Finally, Shelton Capital Management increased its position in shares of Landstar System by 63.7% in the fourth quarter. Shelton Capital Management now owns 2,338 shares of the transportation company's stock worth $402,000 after acquiring an additional 910 shares in the last quarter. 97.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

LSTR has been the topic of several recent analyst reports. Stifel Nicolaus cut their target price on shares of Landstar System from $162.00 to $147.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. JPMorgan Chase & Co. dropped their price target on Landstar System from $177.00 to $147.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Jefferies Financial Group decreased their price objective on Landstar System from $170.00 to $150.00 and set a "hold" rating for the company in a research report on Friday, April 11th. Susquehanna dropped their target price on Landstar System from $130.00 to $120.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Finally, Benchmark restated a "hold" rating on shares of Landstar System in a report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating and thirteen have assigned a hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $155.67.

Landstar System Stock Down 3.5 %

Shares of LSTR traded down $4.92 during mid-day trading on Friday, hitting $135.00. 658,922 shares of the company's stock were exchanged, compared to its average volume of 283,974. The stock has a market cap of $4.72 billion, a price-to-earnings ratio of 24.46 and a beta of 0.88. The firm has a fifty day moving average of $147.24 and a two-hundred day moving average of $166.92. The company has a quick ratio of 2.21, a current ratio of 1.96 and a debt-to-equity ratio of 0.07. Landstar System, Inc. has a twelve month low of $128.99 and a twelve month high of $196.86.

Landstar System (NASDAQ:LSTR - Get Free Report) last posted its earnings results on Wednesday, January 29th. The transportation company reported $1.31 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.04). Landstar System had a return on equity of 19.56% and a net margin of 4.07%. On average, sell-side analysts forecast that Landstar System, Inc. will post 6.1 earnings per share for the current year.

Landstar System Profile

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.