Quantessence Capital LLC acquired a new position in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,064 shares of the transportation company's stock, valued at approximately $355,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LSTR. Golden State Wealth Management LLC bought a new stake in Landstar System in the fourth quarter worth $25,000. HM Payson & Co. purchased a new stake in shares of Landstar System in the fourth quarter valued at $26,000. Trust Co. of Vermont bought a new stake in shares of Landstar System in the 4th quarter worth about $34,000. Transce3nd LLC purchased a new position in shares of Landstar System during the 4th quarter worth about $60,000. Finally, Jones Financial Companies Lllp grew its holdings in 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. 97.95% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research analysts have issued reports on the company. JPMorgan Chase & Co. dropped their target price on Landstar System from $177.00 to $147.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Jefferies Financial Group dropped their price objective on Landstar System from $170.00 to $150.00 and set a "hold" rating for the company in a report on Friday, April 11th. Susquehanna reduced their target price on Landstar System from $130.00 to $120.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. TD Cowen decreased their target price on Landstar System from $161.00 to $145.00 and set a "hold" rating for the company in a research report on Thursday, April 3rd. Finally, Truist Financial cut their price target on shares of Landstar System from $160.00 to $150.00 and set a "hold" rating on the stock in a 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 stock. According to MarketBeat, Landstar System has an average rating of "Hold" and an average target price of $156.92.
View Our Latest Analysis on LSTR
Landstar System Trading Up 1.4 %
NASDAQ:LSTR opened at $137.38 on Wednesday. The firm has a 50-day simple moving average of $148.70 and a 200-day simple moving average of $167.91. Landstar System, Inc. has a one year low of $128.99 and a one year high of $196.86. The firm has a market cap of $4.80 billion, a P/E ratio of 24.89 and a beta of 0.88. 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 (NASDAQ:LSTR - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.31 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%. Equities analysts anticipate that Landstar System, Inc. will post 6.1 EPS for the current fiscal year.
Landstar System Profile
(
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.
Further Reading
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