Jane Street Group LLC acquired a new position in shares of Landstar System, Inc. (NASDAQ:LSTR) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,648 shares of the transportation company’s stock, valued at approximately $276,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Victory Capital Management Inc. boosted its holdings in Landstar System by 62.5% during the 4th quarter. Victory Capital Management Inc. now owns 1,414,500 shares of the transportation company’s stock worth $147,249,000 after acquiring an additional 544,200 shares during the last quarter. Carillon Tower Advisers Inc. purchased a new position in Landstar System during the 4th quarter worth $60,792,000. Geode Capital Management LLC boosted its holdings in Landstar System by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 359,429 shares of the transportation company’s stock worth $37,416,000 after acquiring an additional 4,240 shares during the last quarter. First Trust Advisors LP boosted its holdings in Landstar System by 769.5% during the 4th quarter. First Trust Advisors LP now owns 320,846 shares of the transportation company’s stock worth $33,400,000 after acquiring an additional 283,946 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in Landstar System by 6.2% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 295,684 shares of the transportation company’s stock worth $30,781,000 after acquiring an additional 17,340 shares during the last quarter. 99.86% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of NASDAQ:LSTR opened at $109.30 on Tuesday. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $4,511.74, a P/E ratio of 29.15, a P/E/G ratio of 1.44 and a beta of 0.79. Landstar System, Inc. has a fifty-two week low of $80.00 and a fifty-two week high of $118.60.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings results on Wednesday, January 31st. The transportation company reported $1.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.06. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. Landstar System had a net margin of 4.86% and a return on equity of 25.30%. The firm’s quarterly revenue was up 17.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.94 EPS. analysts expect that Landstar System, Inc. will post 5.51 EPS for the current year.

A number of equities analysts have issued reports on the stock. BidaskClub downgraded shares of Landstar System from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 3rd. Zacks Investment Research downgraded shares of Landstar System from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Cowen reaffirmed a “market perform” rating and set a $115.00 price objective (up from $97.00) on shares of Landstar System in a report on Thursday, February 1st. Morgan Stanley lifted their price objective on shares of Landstar System from $94.00 to $96.00 and gave the stock an “underweight” rating in a report on Friday, April 6th. Finally, Stephens reaffirmed a “buy” rating and set a $143.00 price objective on shares of Landstar System in a report on Monday, April 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $113.08.

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Landstar System Profile

Landstar System, Inc (Landstar) is an asset-light provider of integrated transportation management solutions. The Company offers services to its customers across multiple transportation modes, with the ability to arrange for individual shipments of freight to enterprise solutions to manage customer’s transportation needs.

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Institutional Ownership by Quarter for Landstar System (NASDAQ:LSTR)

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