Janus Henderson Group PLC Purchases 53,782 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Janus Henderson Group PLC lifted its position in Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 23.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 286,706 shares of the transportation company's stock after acquiring an additional 53,782 shares during the quarter. Janus Henderson Group PLC owned approximately 0.81% of Landstar System worth $49,275,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Nisa Investment Advisors LLC grew its stake in shares of Landstar System by 22.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 17,077 shares of the transportation company's stock worth $2,935,000 after acquiring an additional 3,150 shares in the last quarter. Pictet Asset Management Holding SA grew its position in Landstar System by 14.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 5,392 shares of the transportation company's stock valued at $927,000 after buying an additional 665 shares during the period. Boston Trust Walden Corp grew its position in Landstar System by 21.1% during the fourth quarter. Boston Trust Walden Corp now owns 277,520 shares of the transportation company's stock valued at $47,695,000 after buying an additional 48,312 shares during the period. Steward Partners Investment Advisory LLC grew its position in Landstar System by 11.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,935 shares of the transportation company's stock valued at $504,000 after buying an additional 300 shares during the period. Finally, Van ECK Associates Corp grew its position in Landstar System by 26.6% during the fourth quarter. Van ECK Associates Corp now owns 31,836 shares of the transportation company's stock valued at $5,471,000 after buying an additional 6,680 shares during the period. Institutional investors own 97.95% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on LSTR shares. Truist Financial reduced their price target on shares of Landstar System from $150.00 to $135.00 and set a "hold" rating for the company in a research report on Thursday, April 24th. Benchmark restated a "hold" rating on shares of Landstar System in a research report on Monday, April 14th. TD Cowen reduced their price target on shares of Landstar System from $161.00 to $145.00 and set a "hold" rating for the company in a research report on Thursday, April 3rd. JPMorgan Chase & Co. reduced their price target on shares of Landstar System from $177.00 to $147.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Finally, Stifel Nicolaus dropped their price objective on shares of Landstar System from $162.00 to $147.00 and set a "hold" rating on the stock in a report on Monday, April 14th. One research analyst has rated the stock with a sell rating and thirteen have given a hold rating to the company's stock. According to data from MarketBeat, Landstar System presently has a consensus rating of "Hold" and an average price target of $155.67.

Landstar System Stock Performance

Shares of Landstar System stock opened at $140.21 on Wednesday. The company has a quick ratio of 2.21, a current ratio of 1.96 and a debt-to-equity ratio of 0.07. Landstar System, Inc. has a 52 week low of $128.99 and a 52 week high of $196.86. The firm has a market capitalization of $4.90 billion, a P/E ratio of 25.40 and a beta of 0.92. The company has a 50 day moving average price of $142.46 and a 200 day moving average price of $162.99.

Landstar System 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.

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