Landstar System, Inc. (NASDAQ:LSTR) Shares Purchased by Susquehanna International Group LLP

Susquehanna International Group LLP increased its position in Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 1,119.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,731 shares of the transportation company's stock after purchasing an additional 18,113 shares during the period. Susquehanna International Group LLP owned approximately 0.06% of Landstar System worth $3,391,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of LSTR. Nisa Investment Advisors LLC increased its holdings in 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 boosted its position in shares of Landstar System by 14.1% during the 4th quarter. Pictet Asset Management Holding SA now owns 5,392 shares of the transportation company's stock valued at $927,000 after acquiring an additional 665 shares during the last quarter. Franklin Resources Inc. lifted its position in Landstar System by 28.1% in the third quarter. Franklin Resources Inc. now owns 58,177 shares of the transportation company's stock worth $11,000,000 after buying an additional 12,756 shares during the last quarter. Boston Trust Walden Corp lifted its position in Landstar System by 21.1% in the fourth quarter. Boston Trust Walden Corp now owns 277,520 shares of the transportation company's stock worth $47,695,000 after buying an additional 48,312 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its position in Landstar System by 11.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,935 shares of the transportation company's stock worth $504,000 after buying an additional 300 shares during the last quarter. Institutional investors own 97.95% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on LSTR shares. 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. Benchmark reaffirmed a "hold" rating on shares of Landstar System in a report on Monday, April 14th. Jefferies Financial Group decreased their price target on Landstar System from $170.00 to $150.00 and set a "hold" rating for the company in a report on Friday, April 11th. TD Cowen cut their price objective 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. Finally, JPMorgan Chase & Co. dropped 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. One equities research analyst has rated the stock with a sell rating and thirteen have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $155.67.

Landstar System Price Performance

Shares of LSTR traded down $0.59 during mid-day trading on Friday, hitting $135.56. The company's stock had a trading volume of 268,591 shares, compared to its average volume of 287,072. The company has a current ratio of 1.96, a quick ratio of 2.21 and a debt-to-equity ratio of 0.07. The firm has a 50-day simple moving average of $142.68 and a 200 day simple moving average of $163.24. The firm has a market capitalization of $4.74 billion, a P/E ratio of 24.56 and a beta of 0.92. Landstar System, Inc. has a 1-year low of $128.99 and a 1-year high of $196.86.

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.