Copeland Capital Management LLC Trims Position in Landstar System, Inc. $LSTR

Copeland Capital Management LLC cut its holdings in shares of Landstar System, Inc. (NASDAQ:LSTR) by 4.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 381,235 shares of the transportation company’s stock after selling 19,383 shares during the period. Landstar System accounts for 1.2% of Copeland Capital Management LLC’s portfolio, making the stock its 29th biggest position. Copeland Capital Management LLC’s holdings in Landstar System were worth $54,784,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Peterson Wealth Services increased its stake in shares of Landstar System by 1,108.4% during the third quarter. Peterson Wealth Services now owns 10,960 shares of the transportation company’s stock valued at $1,343,000 after buying an additional 10,053 shares during the period. Alps Advisors Inc. increased its stake in shares of Landstar System by 69.8% during the third quarter. Alps Advisors Inc. now owns 94,863 shares of the transportation company’s stock valued at $11,626,000 after buying an additional 38,992 shares during the period. Ballast Asset Management LP increased its stake in shares of Landstar System by 28.2% during the third quarter. Ballast Asset Management LP now owns 34,579 shares of the transportation company’s stock valued at $4,238,000 after buying an additional 7,614 shares during the period. Retirement Systems of Alabama increased its stake in shares of Landstar System by 48.2% during the third quarter. Retirement Systems of Alabama now owns 63,299 shares of the transportation company’s stock valued at $7,758,000 after buying an additional 20,586 shares during the period. Finally, Fenimore Asset Management Inc increased its stake in shares of Landstar System by 231.3% during the third quarter. Fenimore Asset Management Inc now owns 341,130 shares of the transportation company’s stock valued at $41,809,000 after buying an additional 238,173 shares during the period. 97.95% of the stock is owned by hedge funds and other institutional investors.

Landstar System Stock Performance

Shares of Landstar System stock opened at $179.90 on Friday. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $6.11 billion, a P/E ratio of 54.35 and a beta of 0.80. The business has a fifty day simple moving average of $158.33 and a two-hundred day simple moving average of $146.25. Landstar System, Inc. has a 12 month low of $119.32 and a 12 month high of $181.84.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. TD Cowen reissued a “hold” rating on shares of Landstar System in a research note on Friday, January 9th. Barclays boosted their target price on Landstar System from $130.00 to $155.00 and gave the company an “equal weight” rating in a research note on Thursday, January 15th. Truist Financial reduced their target price on Landstar System from $150.00 to $145.00 and set a “hold” rating on the stock in a research note on Thursday, January 29th. Weiss Ratings cut Landstar System from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, April 14th. Finally, Wall Street Zen raised Landstar System from a “sell” rating to a “hold” rating in a research note on Saturday, December 27th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $155.55.

About Landstar System

Landstar System, Inc provides integrated transportation management solutions through a network of independent agents and third-party capacity providers. The company specializes in truckload brokerage, intermodal, air and ocean freight, expedited and heavy-haul services, along with value-added offerings such as cargo insurance, customs brokerage and supply chain management. Landstar’s proprietary technology platform enables real-time load matching, shipment tracking and data analytics to optimize fleet utilization and improve customer service.

Founded in 1968 and headquartered in Jacksonville, Florida, Landstar pioneered an asset-light brokerage model that has evolved into a global logistics operation.