Landstar System, Inc. (NASDAQ:LSTR) Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC increased its position in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 343.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,481 shares of the transportation company's stock after acquiring an additional 21,286 shares during the period. Hsbc Holdings PLC owned about 0.08% of Landstar System worth $4,749,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Nisa Investment Advisors LLC boosted 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 valued at $2,935,000 after buying an additional 3,150 shares during the period. Pictet Asset Management Holding SA grew its holdings in 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 worth $927,000 after acquiring an additional 665 shares in the last quarter. Franklin Resources Inc. grew its holdings in Landstar System by 28.1% during the 3rd quarter. Franklin Resources Inc. now owns 58,177 shares of the transportation company's stock worth $11,000,000 after acquiring an additional 12,756 shares in the last quarter. Boston Trust Walden Corp grew its holdings in Landstar System by 21.1% during the 4th quarter. Boston Trust Walden Corp now owns 277,520 shares of the transportation company's stock worth $47,695,000 after acquiring an additional 48,312 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its holdings in Landstar System by 11.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,935 shares of the transportation company's stock worth $504,000 after acquiring an additional 300 shares in the last quarter. Institutional investors and hedge funds own 97.95% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on LSTR. TD Cowen lowered their price target on shares of Landstar System from $161.00 to $145.00 and set a "hold" rating for the company in a report on Thursday, April 3rd. Benchmark reiterated a "hold" rating on shares of Landstar System in a report on Monday, April 14th. Susquehanna lowered their price target on shares of Landstar System from $130.00 to $120.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Truist Financial lowered their price target on shares of Landstar System from $150.00 to $135.00 and set a "hold" rating for the company in a report on Thursday, April 24th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Landstar System from $177.00 to $147.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. One analyst has rated the stock with a sell rating and thirteen have given a hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $155.67.

Landstar System Stock Up 0.2 %

LSTR stock opened at $135.32 on Tuesday. The company has a fifty day moving average price of $146.77 and a 200 day moving average price of $166.45. Landstar System, Inc. has a 12 month low of $128.99 and a 12 month high of $196.86. The company has a market cap of $4.73 billion, a price-to-earnings ratio of 24.51 and a beta of 0.88. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.96 and a quick ratio of 2.21.

Landstar System (NASDAQ:LSTR - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.31 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.04). Landstar System had a net margin of 4.07% and a return on equity of 19.56%. Sell-side analysts expect that Landstar System, Inc. will post 6.1 earnings per share for the current year.

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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