Eisler Capital Management Ltd. Makes New Investment in Landstar System, Inc. (NASDAQ:LSTR)

Eisler Capital Management Ltd. purchased a new stake in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 9,700 shares of the transportation company's stock, valued at approximately $1,676,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Ensign Peak Advisors Inc raised its position in Landstar System by 7.3% during the 4th quarter. Ensign Peak Advisors Inc now owns 10,966 shares of the transportation company's stock valued at $1,885,000 after purchasing an additional 750 shares during the last quarter. Deutsche Bank AG raised its position in Landstar System by 17.7% during the 4th quarter. Deutsche Bank AG now owns 3,079 shares of the transportation company's stock valued at $529,000 after purchasing an additional 463 shares during the last quarter. Colonial Trust Co SC raised its position in Landstar System by 61.7% during the 4th quarter. Colonial Trust Co SC now owns 186 shares of the transportation company's stock valued at $32,000 after purchasing an additional 71 shares during the last quarter. Crestline Management LP bought a new position in Landstar System during the 4th quarter valued at approximately $764,000. Finally, BOKF NA raised its position in Landstar System by 56.1% during the 4th quarter. BOKF NA now owns 348 shares of the transportation company's stock valued at $58,000 after purchasing an additional 125 shares during the last quarter. Institutional investors own 97.95% of the company's stock.

Landstar System Stock Down 0.4%

LSTR stock traded down $0.59 on Friday, reaching $135.56. 268,591 shares of the company traded hands, compared to its average volume of 287,072. Landstar System, Inc. has a one year low of $128.99 and a one year high of $196.86. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.96 and a quick ratio of 2.21. The company has a market cap of $4.74 billion, a P/E ratio of 24.56 and a beta of 0.92. The firm has a fifty day simple moving average of $142.68 and a 200-day simple moving average of $163.24.

Analysts Set New Price Targets

A number of research analysts have commented on the company. JPMorgan Chase & Co. lowered their price target on Landstar System from $177.00 to $147.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. TD Cowen decreased their target price on Landstar System from $161.00 to $145.00 and set a "hold" rating for the company in a research report on Thursday, April 3rd. Jefferies Financial Group decreased their target price on Landstar System from $170.00 to $150.00 and set a "hold" rating for the company in a research report on Friday, April 11th. Truist Financial decreased their target price on Landstar System from $150.00 to $135.00 and set a "hold" rating for the company in a research report on Thursday, April 24th. Finally, Susquehanna decreased their target price on Landstar System from $130.00 to $120.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. 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.com, the stock currently has an average rating of "Hold" and a consensus target price of $155.67.

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.