Canada Pension Plan Investment Board Decreases Holdings in Landstar System, Inc. (NASDAQ:LSTR)

Canada Pension Plan Investment Board lowered its holdings in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 50.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 3,100 shares of the transportation company's stock after selling 3,100 shares during the period. Canada Pension Plan Investment Board's holdings in Landstar System were worth $533,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of LSTR. Farringdon Capital Ltd. bought a new position in shares of Landstar System during the 4th quarter worth approximately $331,000. Ontario Teachers Pension Plan Board lifted its holdings in Landstar System by 86.5% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 16,297 shares of the transportation company's stock valued at $2,801,000 after purchasing an additional 7,560 shares during the last quarter. Mariner LLC boosted its position in Landstar System by 2.0% during the fourth quarter. Mariner LLC now owns 7,627 shares of the transportation company's stock worth $1,311,000 after purchasing an additional 151 shares during the period. Barclays PLC increased its holdings in shares of Landstar System by 30.4% in the fourth quarter. Barclays PLC now owns 46,772 shares of the transportation company's stock valued at $8,039,000 after purchasing an additional 10,899 shares during the last quarter. Finally, Petros Family Wealth LLC bought a new stake in Landstar System in the 4th quarter valued at $250,000. Institutional investors and hedge funds own 97.95% of the company's stock.

Landstar System Price Performance

Landstar System stock traded down $4.92 during midday trading on Friday, reaching $135.00. 658,922 shares of the stock were exchanged, compared to its average volume of 283,974. The company's fifty day moving average is $147.24 and its 200-day moving average is $166.92. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.21 and a current ratio of 1.96. Landstar System, Inc. has a 52 week low of $128.99 and a 52 week high of $196.86. The firm has a market cap of $4.72 billion, a PE ratio of 24.46 and a beta of 0.88.

Landstar System (NASDAQ:LSTR - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on LSTR shares. Stifel Nicolaus dropped their price objective on Landstar System from $162.00 to $147.00 and set a "hold" rating for the company in a report on Monday, April 14th. TD Cowen dropped their price target on Landstar System from $161.00 to $145.00 and set a "hold" rating for the company in a research note on Thursday, April 3rd. JPMorgan Chase & Co. reduced their target price on shares of Landstar System from $177.00 to $147.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Susquehanna lowered their price target on shares of Landstar System from $130.00 to $120.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Finally, Truist Financial lowered their price objective on Landstar System from $150.00 to $135.00 and set a "hold" rating for the company in a research report on Thursday. One equities research analyst has rated the stock with a sell rating and thirteen have issued a hold rating to the stock. According to MarketBeat, Landstar System presently has an average rating of "Hold" and an average target price of $155.67.

About Landstar System

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.