First Trust Advisors LP boosted its stake in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 28.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 526,000 shares of the transportation company's stock after purchasing an additional 117,961 shares during the quarter. First Trust Advisors LP owned about 1.49% of Landstar System worth $90,398,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently added to or reduced their stakes in LSTR. Golden State Wealth Management LLC bought a new stake in shares of Landstar System in the 4th quarter valued at about $25,000. HM Payson & Co. purchased a new position in Landstar System in the fourth quarter worth $26,000. Trust Co. of Vermont acquired a new position in shares of Landstar System during the fourth quarter worth $34,000. Jones Financial Companies Lllp lifted its holdings in shares of Landstar System by 225.5% during the 4th quarter. Jones Financial Companies Lllp now owns 895 shares of the transportation company's stock valued at $154,000 after purchasing an additional 620 shares during the last quarter. Finally, Huntington National Bank boosted its position in shares of Landstar System by 12.2% in the 4th quarter. Huntington National Bank now owns 1,037 shares of the transportation company's stock worth $178,000 after purchasing an additional 113 shares in the last quarter. Hedge funds and other institutional investors own 97.95% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on LSTR. Stifel Nicolaus reduced their target price on Landstar System from $162.00 to $147.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Benchmark reaffirmed a "hold" rating on shares of Landstar System in a research report on Monday, April 14th. Jefferies Financial Group dropped their target price on shares of Landstar System from $170.00 to $150.00 and set a "hold" rating on the stock in a research report on Friday, April 11th. JPMorgan Chase & Co. lowered their price objective on shares of Landstar System from $177.00 to $147.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Finally, TD Cowen cut their target price on Landstar System from $161.00 to $145.00 and set a "hold" rating on the stock in a research report on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating and thirteen have given a hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $155.67.
Check Out Our Latest Report on LSTR
Landstar System Stock Performance
Shares of LSTR stock traded down $4.92 on Friday, hitting $135.00. The company had a trading volume of 658,922 shares, compared to its average volume of 284,091. Landstar System, Inc. has a twelve month low of $128.99 and a twelve month high of $196.86. The company has a quick ratio of 2.21, a current ratio of 1.96 and a debt-to-equity ratio of 0.07. The firm has a market cap of $4.72 billion, a P/E ratio of 24.46 and a beta of 0.88. The company has a 50-day moving average price of $147.24 and a 200-day moving average price of $167.05.
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 analysts' consensus estimates of $1.35 by ($0.04). Landstar System had a net margin of 4.07% and a return on equity of 19.56%. As a group, equities research analysts predict that Landstar System, Inc. will post 6.1 earnings per share for the current fiscal year.
About Landstar System
(
Free Report)
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.
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