Two Sigma Securities LLC Makes New $884,000 Investment in Landstar System, Inc. (NASDAQ:LSTR)

Two Sigma Securities LLC bought a new stake in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,144 shares of the transportation company's stock, valued at approximately $884,000.

Several other institutional investors also recently made changes to their positions in the stock. Golden State Wealth Management LLC bought a new stake in shares of Landstar System during the fourth quarter valued at about $25,000. HM Payson & Co. bought a new stake in shares of Landstar System during the fourth quarter valued at about $26,000. Trust Co. of Vermont bought a new stake in shares of Landstar System during the fourth quarter valued at about $34,000. Transce3nd LLC bought a new stake in shares of Landstar System during the fourth quarter valued at about $60,000. Finally, Jones Financial Companies Lllp raised its stake in shares of Landstar System by 225.5% during the fourth quarter. Jones Financial Companies Lllp now owns 895 shares of the transportation company's stock valued at $154,000 after purchasing an additional 620 shares in the last quarter. 97.95% of the stock is owned by institutional investors.

Landstar System Stock Down 2.2 %

Shares of LSTR traded down $2.91 during trading hours on Wednesday, reaching $132.11. The company's stock had a trading volume of 188,299 shares, compared to its average volume of 284,576. The firm has a market cap of $4.62 billion, a price-to-earnings ratio of 23.93 and a beta of 0.88. Landstar System, Inc. has a 1-year low of $128.99 and a 1-year high of $196.86. The company has a quick ratio of 2.21, a current ratio of 1.96 and a debt-to-equity ratio of 0.07. The company has a 50 day moving average of $146.30 and a two-hundred day moving average of $166.23.

Landstar System (NASDAQ:LSTR - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.31 EPS for the quarter, missing analysts' consensus estimates of $1.35 by ($0.04). Landstar System had a return on equity of 19.56% and a net margin of 4.07%. As a group, research analysts predict that Landstar System, Inc. will post 6.1 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group cut their price objective on shares of Landstar System from $170.00 to $150.00 and set a "hold" rating on the stock in a research note on Friday, April 11th. JPMorgan Chase & Co. dropped their price target on shares of Landstar System from $177.00 to $147.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Stifel Nicolaus dropped their price target on shares of Landstar System from $162.00 to $147.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Susquehanna dropped 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 report on Monday, April 7th. Finally, Truist Financial dropped their price target on shares of Landstar System from $150.00 to $135.00 and set a "hold" rating on the stock in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating and thirteen have assigned a hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $155.67.

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.