RBF Capital LLC Lowers Holdings in Landstar System, Inc. (NASDAQ:LSTR)

RBF Capital LLC lowered its position in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 23.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,000 shares of the transportation company's stock after selling 3,000 shares during the quarter. RBF Capital LLC's holdings in Landstar System were worth $1,719,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Nisa Investment Advisors LLC raised its holdings in Landstar System by 22.6% during the fourth quarter. Nisa Investment Advisors LLC now owns 17,077 shares of the transportation company's stock worth $2,935,000 after purchasing an additional 3,150 shares in the last quarter. Pictet Asset Management Holding SA raised its stake in shares of Landstar System by 14.1% during the 4th quarter. Pictet Asset Management Holding SA now owns 5,392 shares of the transportation company's stock worth $927,000 after buying an additional 665 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Landstar System by 28.1% in the third quarter. Franklin Resources Inc. now owns 58,177 shares of the transportation company's stock valued at $11,000,000 after buying an additional 12,756 shares in the last quarter. Boston Trust Walden Corp lifted its holdings in Landstar System by 21.1% in the fourth quarter. Boston Trust Walden Corp now owns 277,520 shares of the transportation company's stock valued at $47,695,000 after acquiring an additional 48,312 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its position in shares of Landstar System by 11.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,935 shares of the transportation company's stock worth $504,000 after purchasing an additional 300 shares in the last quarter. Institutional investors and hedge funds own 97.95% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Truist Financial reduced their price objective on shares of Landstar System from $160.00 to $150.00 and set a "hold" rating for the company in a research note on Thursday, April 3rd. JPMorgan Chase & Co. reduced their price target on shares of Landstar System from $177.00 to $147.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Benchmark restated a "hold" rating on shares of Landstar System in a report on Monday, April 14th. Susquehanna reduced their price objective on Landstar System from $130.00 to $120.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Finally, Jefferies Financial Group lowered their target price on Landstar System from $170.00 to $150.00 and set a "hold" rating on the stock in a report on Friday, April 11th. One analyst has rated the stock with a sell rating and thirteen have issued a hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $156.92.

Landstar System Stock Up 1.4 %

LSTR stock opened at $137.38 on Wednesday. Landstar System, Inc. has a one year low of $128.99 and a one year high of $196.86. The stock has a market capitalization of $4.80 billion, a P/E ratio of 24.89 and a beta of 0.88. The company has a 50 day moving average price of $148.70 and a two-hundred day moving average price of $167.91. 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 released its earnings results on Wednesday, January 29th. The transportation company reported $1.31 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%. As a group, sell-side analysts expect that Landstar System, Inc. will post 6.1 EPS for the current 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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