Nebula Research & Development LLC Acquires 3,783 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Nebula Research & Development LLC lifted its holdings in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 121.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,892 shares of the transportation company's stock after purchasing an additional 3,783 shares during the quarter. Nebula Research & Development LLC's holdings in Landstar System were worth $1,184,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Lord Abbett & CO. LLC boosted its position in Landstar System by 116.4% during the fourth quarter. Lord Abbett & CO. LLC now owns 274,671 shares of the transportation company's stock worth $47,205,000 after purchasing an additional 147,756 shares during the period. Integrated Wealth Concepts LLC lifted its position in Landstar System by 5.7% during the 4th quarter. Integrated Wealth Concepts LLC now owns 3,431 shares of the transportation company's stock worth $590,000 after acquiring an additional 186 shares during the last quarter. Adage Capital Partners GP L.L.C. bought a new stake in Landstar System during the fourth quarter valued at about $13,233,000. Pinebridge Investments L.P. grew its position in shares of Landstar System by 51.2% in the fourth quarter. Pinebridge Investments L.P. now owns 38,071 shares of the transportation company's stock valued at $6,543,000 after purchasing an additional 12,890 shares during the last quarter. Finally, Quantessence Capital LLC bought a new position in shares of Landstar System in the fourth quarter worth about $355,000. Institutional investors and hedge funds own 97.95% of the company's stock.

Analyst Upgrades and Downgrades

LSTR has been the topic of a number of research analyst reports. Susquehanna lowered 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. Benchmark reaffirmed a "hold" rating on shares of Landstar System in a research report on Monday, April 14th. Stifel Nicolaus reduced their price target on shares of 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 decreased their price target on shares of Landstar System from $161.00 to $145.00 and set a "hold" rating on the stock in a research report on Thursday, April 3rd. Finally, Jefferies Financial Group cut their price objective on shares of Landstar System from $170.00 to $150.00 and set a "hold" rating for the company in a research report on Friday, April 11th. One investment analyst has rated the stock with a sell rating and thirteen have issued a hold rating to the stock. According to data from MarketBeat.com, Landstar System currently has a consensus rating of "Hold" and an average price target of $155.67.

Landstar System Trading Down 3.5 %

LSTR stock opened at $135.00 on Friday. Landstar System, Inc. has a 1-year low of $128.99 and a 1-year high of $196.86. The company has a current ratio of 1.96, a quick ratio of 2.21 and a debt-to-equity ratio of 0.07. The business's 50 day moving average is $147.24 and its 200-day moving average is $166.92. The firm has a market cap of $4.72 billion, a P/E ratio of 24.46 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 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%. Equities analysts anticipate that Landstar System, Inc. will post 6.1 earnings per share for the current fiscal 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.

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