Two Sigma Securities LLC Buys New Shares in Landstar System, Inc. (NASDAQ:LSTR)

Two Sigma Securities LLC acquired a new position in Landstar System, Inc. (NASDAQ:LSTR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,144 shares of the transportation company's stock, valued at approximately $884,000.

A number of other large investors have also recently made changes to their positions in LSTR. Golden State Wealth Management LLC bought a new stake in Landstar System during the fourth quarter worth approximately $25,000. HM Payson & Co. bought a new stake in Landstar System in the fourth quarter worth $26,000. Trust Co. of Vermont purchased a new position in Landstar System during the fourth quarter worth $34,000. Transce3nd LLC purchased a new position in Landstar System during the fourth quarter worth $60,000. Finally, Jones Financial Companies Lllp increased its position in Landstar System by 225.5% during the fourth quarter. Jones Financial Companies Lllp now owns 895 shares of the transportation company's stock valued at $154,000 after acquiring an additional 620 shares during the last quarter. 97.95% of the stock is currently owned by institutional investors.

Landstar System Stock Down 3.5 %

LSTR stock traded down $4.92 during trading on Friday, reaching $135.00. 658,922 shares of the company traded hands, compared to its average volume of 283,974. The company has a market capitalization of $4.72 billion, a price-to-earnings ratio of 24.46 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. The business has a 50 day simple moving average of $147.24 and a 200 day simple moving average of $166.92. Landstar System, Inc. has a 12 month low of $128.99 and a 12 month high of $196.86.

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

Analyst Upgrades and Downgrades

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

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.