Landstar System, Inc. (NASDAQ:LSTR) Shares Acquired by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. boosted its holdings in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 2.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 438,459 shares of the transportation company's stock after purchasing an additional 8,531 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 1.24% of Landstar System worth $75,354,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Janus Henderson Group PLC grew its position in Landstar System by 23.1% in the fourth quarter. Janus Henderson Group PLC now owns 286,706 shares of the transportation company's stock worth $49,275,000 after acquiring an additional 53,782 shares during the period. Gotham Asset Management LLC lifted its position in shares of Landstar System by 10.4% during the 4th quarter. Gotham Asset Management LLC now owns 65,761 shares of the transportation company's stock worth $11,302,000 after purchasing an additional 6,197 shares during the last quarter. Focus Partners Wealth boosted its holdings in Landstar System by 1.8% in the fourth quarter. Focus Partners Wealth now owns 50,490 shares of the transportation company's stock valued at $8,678,000 after purchasing an additional 885 shares in the last quarter. Eisler Capital Management Ltd. purchased a new position in shares of Landstar System in the 4th quarter valued at $1,676,000. Finally, Ensign Peak Advisors Inc lifted its holdings in shares of Landstar System by 7.3% in 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. Hedge funds and other institutional investors own 97.95% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on LSTR shares. Stifel Nicolaus reduced their target price 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. JPMorgan Chase & Co. dropped 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. Susquehanna decreased their price target on shares of Landstar System from $130.00 to $120.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Truist Financial lowered their price objective 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, Benchmark reiterated a "hold" rating on shares of Landstar System 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 stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $155.67.

Landstar System Trading Down 0.4 %

LSTR opened at $135.56 on Friday. The firm's fifty day simple moving average is $142.68 and its 200 day simple moving average is $163.35. Landstar System, Inc. has a 12 month low of $128.99 and a 12 month high of $196.86. The stock has a market capitalization of $4.74 billion, a P/E ratio of 24.56 and a beta of 0.92. The company has a current ratio of 1.96, a quick ratio of 2.21 and a debt-to-equity ratio of 0.07.

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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