Landstar System, Inc. (NASDAQ:LSTR) Stake Boosted by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC raised its holdings in shares of Landstar System, Inc. (NASDAQ:LSTR) by 2.8% in the 4th quarter, Holdings Channel reports. The firm owned 7,462 shares of the transportation company’s stock after purchasing an additional 204 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Landstar System were worth $1,445,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Larson Financial Group LLC acquired a new stake in Landstar System during the third quarter worth about $49,000. Cary Street Partners Investment Advisory LLC grew its holdings in Landstar System by 126.0% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 565 shares of the transportation company’s stock worth $100,000 after buying an additional 315 shares in the last quarter. Impact Partnership Wealth LLC bought a new stake in Landstar System during the 3rd quarter valued at $108,000. Exchange Traded Concepts LLC boosted its position in Landstar System by 17.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 616 shares of the transportation company’s stock worth $119,000 after acquiring an additional 92 shares during the period. Finally, Blue Trust Inc. increased its holdings in shares of Landstar System by 18.7% during the fourth quarter. Blue Trust Inc. now owns 755 shares of the transportation company’s stock valued at $134,000 after purchasing an additional 119 shares during the period. 97.95% of the stock is currently owned by institutional investors.

Landstar System Price Performance

Shares of LSTR traded down $2.09 during trading hours on Wednesday, hitting $170.03. The stock had a trading volume of 171,721 shares, compared to its average volume of 268,536. The company’s fifty day moving average is $185.51 and its two-hundred day moving average is $183.61. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.00 and a quick ratio of 2.00. Landstar System, Inc. has a 52 week low of $161.13 and a 52 week high of $208.62. The stock has a market capitalization of $6.08 billion, a price-to-earnings ratio of 23.42, a P/E/G ratio of 4.52 and a beta of 0.83.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings data on Wednesday, January 31st. The transportation company reported $1.62 EPS for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.01). Landstar System had a return on equity of 26.73% and a net margin of 4.99%. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.25 billion. On average, analysts anticipate that Landstar System, Inc. will post 6.71 EPS for the current year.

Insiders Place Their Bets

In other Landstar System news, VP Michael K. Kneller sold 12,219 shares of the stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $190.30, for a total transaction of $2,325,275.70. Following the sale, the vice president now owns 61,127 shares of the company’s stock, valued at approximately $11,632,468.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Stifel Nicolaus lowered their target price on shares of Landstar System from $171.00 to $166.00 and set a “hold” rating on the stock in a research note on Friday, February 2nd. Wolfe Research raised shares of Landstar System from a “peer perform” rating to an “outperform” rating and set a $205.00 price objective on the stock in a research note on Wednesday, January 10th. Wells Fargo & Company lifted their target price on shares of Landstar System from $165.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Friday, February 2nd. UBS Group lifted their target price on shares of Landstar System from $175.00 to $200.00 and gave the stock a “neutral” rating in a research report on Friday, February 2nd. Finally, Susquehanna lowered their price objective on shares of Landstar System from $170.00 to $165.00 and set a “neutral” rating on the stock in a research report on Monday, March 25th. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $184.55.

Landstar System Company 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.