Stifel Financial Corp Has $16.48 Million Holdings in Landstar System, Inc. (NASDAQ:LSTR)

Stifel Financial Corp increased its position in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 12.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 95,899 shares of the transportation company's stock after acquiring an additional 10,779 shares during the period. Stifel Financial Corp owned about 0.27% of Landstar System worth $16,481,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Nisa Investment Advisors LLC grew its holdings in Landstar System by 22.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 17,077 shares of the transportation company's stock worth $2,935,000 after acquiring an additional 3,150 shares during the last quarter. Pictet Asset Management Holding SA increased its holdings in Landstar System by 14.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 5,392 shares of the transportation company's stock valued at $927,000 after purchasing an additional 665 shares during the period. Franklin Resources Inc. lifted its holdings in Landstar System by 28.1% during the 3rd quarter. Franklin Resources Inc. now owns 58,177 shares of the transportation company's stock worth $11,000,000 after buying an additional 12,756 shares during the period. Boston Trust Walden Corp grew its position in shares of Landstar System by 21.1% in the 4th quarter. Boston Trust Walden Corp now owns 277,520 shares of the transportation company's stock valued at $47,695,000 after buying an additional 48,312 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its stake in shares of Landstar System by 11.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,935 shares of the transportation company's stock valued at $504,000 after buying an additional 300 shares during the period. 97.95% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

LSTR has been the subject of a number of recent analyst reports. TD Cowen decreased their target price on shares of Landstar System from $161.00 to $145.00 and set a "hold" rating for the company in a research report on Thursday, April 3rd. JPMorgan Chase & Co. decreased their price target on Landstar System from $177.00 to $147.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Jefferies Financial Group decreased their target price on Landstar System from $170.00 to $150.00 and set a "hold" rating for the company in a research note on Friday, April 11th. Benchmark restated a "hold" rating on shares of Landstar System in a report on Monday, April 14th. Finally, Stifel Nicolaus dropped their target price on shares of Landstar System from $162.00 to $147.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. One research analyst has rated the stock with a sell rating and thirteen have given a hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $155.67.

Landstar System Stock Performance

Shares of Landstar System stock opened at $135.00 on Friday. The business has a 50 day moving average price of $147.24 and a 200-day moving average price of $167.05. Landstar System, Inc. has a 52 week low of $128.99 and a 52 week high of $196.86. The company has a market cap of $4.72 billion, a PE ratio of 24.46 and a beta of 0.88. The company has a quick ratio of 2.21, a current ratio of 1.96 and a debt-to-equity ratio of 0.07.

Landstar System (NASDAQ:LSTR - Get Free Report) last posted its 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 return on equity of 19.56% and a net margin of 4.07%. Equities analysts anticipate that Landstar System, Inc. will post 6.1 earnings per share for the current fiscal year.

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.

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