Landstar System, Inc. (NASDAQ:LSTR) Stock Position Lessened by Legal & General Group Plc

Legal & General Group Plc cut its stake in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 5.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 71,638 shares of the transportation company's stock after selling 3,813 shares during the period. Legal & General Group Plc owned approximately 0.20% of Landstar System worth $12,312,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new position in shares of Landstar System during the fourth quarter worth $25,000. HM Payson & Co. acquired a new position in Landstar System in the 4th quarter worth $26,000. Trust Co. of Vermont purchased a new position in Landstar System in the 4th quarter valued at about $34,000. Jones Financial Companies Lllp grew its stake in shares of Landstar System by 225.5% during the fourth quarter. Jones Financial Companies Lllp now owns 895 shares of the transportation company's stock valued at $154,000 after acquiring an additional 620 shares in the last quarter. Finally, Huntington National Bank grew its stake in shares of Landstar System by 12.2% during the fourth quarter. Huntington National Bank now owns 1,037 shares of the transportation company's stock valued at $178,000 after acquiring an additional 113 shares in the last quarter. Hedge funds and other institutional investors own 97.95% of the company's stock.

Landstar System Stock Performance

NASDAQ:LSTR traded up $1.85 during midday trading on Tuesday, reaching $137.38. 289,120 shares of the company traded hands, compared to its average volume of 283,168. Landstar System, Inc. has a twelve month low of $128.99 and a twelve month high of $196.86. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.96 and a quick ratio of 2.21. The company has a fifty day moving average price of $148.70 and a 200 day moving average price of $167.91. The firm has a market capitalization of $4.80 billion, a price-to-earnings ratio of 24.89 and a beta of 0.88.

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

Analysts Set New Price Targets

A number of brokerages recently commented on LSTR. Jefferies Financial Group reduced their price target on Landstar System from $170.00 to $150.00 and set a "hold" rating for the company in a report on Friday, April 11th. Stifel Nicolaus decreased their price target on shares of Landstar System from $162.00 to $147.00 and set a "hold" rating for the company in a research report on Monday, April 14th. Susquehanna cut their price target on shares of Landstar System from $130.00 to $120.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Benchmark reissued a "hold" rating on shares of Landstar System in a report on Monday, April 14th. Finally, TD Cowen cut their target price on shares of Landstar System from $161.00 to $145.00 and set a "hold" rating on the stock in a research note on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating and thirteen have assigned a hold rating to the company's stock. According to MarketBeat, Landstar System presently has an average rating of "Hold" and an average target price of $156.92.

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.