Brevan Howard Capital Management LP Has $1.53 Million Stock Position in Landstar System, Inc. (NASDAQ:LSTR)

Brevan Howard Capital Management LP raised its position in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 159.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 8,887 shares of the transportation company's stock after purchasing an additional 5,466 shares during the quarter. Brevan Howard Capital Management LP's holdings in Landstar System were worth $1,527,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Landstar System by 16.1% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,764,603 shares of the transportation company's stock worth $646,985,000 after buying an additional 521,695 shares during the period. Victory Capital Management Inc. grew its holdings in Landstar System by 0.7% during the 4th quarter. Victory Capital Management Inc. now owns 1,621,511 shares of the transportation company's stock worth $278,673,000 after acquiring an additional 11,146 shares during the period. Geode Capital Management LLC raised its position in shares of Landstar System by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 817,938 shares of the transportation company's stock worth $140,602,000 after acquiring an additional 4,392 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Landstar System by 15.6% in the 4th quarter. Northern Trust Corp now owns 672,779 shares of the transportation company's stock valued at $115,624,000 after purchasing an additional 90,672 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Landstar System by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 617,835 shares of the transportation company's stock valued at $106,184,000 after purchasing an additional 9,190 shares in the last quarter. Institutional investors own 97.95% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on LSTR. Jefferies Financial Group lowered their target price on Landstar System from $170.00 to $150.00 and set a "hold" rating for the company in a report on Friday, April 11th. JPMorgan Chase & Co. lowered their price objective 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. Benchmark reissued a "hold" rating on shares of Landstar System in a research note on Monday, April 14th. Stifel Nicolaus decreased their price target 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, Truist Financial dropped their price objective on shares of Landstar System from $150.00 to $135.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating and thirteen have issued a hold rating to the stock. According to data from MarketBeat.com, Landstar System has an average rating of "Hold" and an average price target of $155.67.

Landstar System Price Performance

LSTR stock opened at $131.71 on Wednesday. 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 $143.97 and a two-hundred day simple moving average of $164.33. The company has a market capitalization of $4.60 billion, a P/E ratio of 23.86 and a beta of 0.92. Landstar System, Inc. has a 52-week low of $128.99 and a 52-week high of $196.86.

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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