Price T Rowe Associates Inc. MD reduced its position in Landstar System, Inc. (NASDAQ:LSTR – Free Report) by 10.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 281,372 shares of the transportation company’s stock after selling 32,361 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.79% of Landstar System worth $54,239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also bought and sold shares of the company. Mather Group LLC. purchased a new stake in Landstar System in the first quarter worth $27,000. SRS Capital Advisors Inc. grew its holdings in Landstar System by 209.7% during the 4th quarter. SRS Capital Advisors Inc. now owns 192 shares of the transportation company’s stock valued at $37,000 after buying an additional 130 shares in the last quarter. Montag A & Associates Inc. bought a new stake in shares of Landstar System during the fourth quarter valued at about $48,000. GAMMA Investing LLC purchased a new stake in shares of Landstar System in the fourth quarter worth about $58,000. Finally, Fidelis Capital Partners LLC purchased a new stake in shares of Landstar System in the first quarter worth about $86,000. 97.95% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
LSTR has been the topic of a number of analyst reports. Evercore ISI upped their target price on shares of Landstar System from $161.00 to $173.00 and gave the stock an “in-line” rating in a report on Tuesday, June 25th. Raymond James started coverage on Landstar System in a research report on Wednesday, May 15th. They set an “outperform” rating and a $205.00 price target for the company. Stifel Nicolaus decreased their price objective on shares of Landstar System from $166.00 to $164.00 and set a “hold” rating on the stock in a research report on Monday, April 29th. Morgan Stanley cut their price target on shares of Landstar System from $147.00 to $145.00 and set an “equal weight” rating for the company in a research note on Monday, July 8th. Finally, Wolfe Research cut shares of Landstar System from an “outperform” rating to a “peer perform” rating in a research note on Thursday, July 11th. Twelve analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $180.36.
View Our Latest Stock Analysis on LSTR
Landstar System Trading Up 1.4 %
Shares of LSTR opened at $193.87 on Wednesday. The firm has a market cap of $6.93 billion, a price-to-earnings ratio of 29.83 and a beta of 0.80. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.22 and a current ratio of 2.22. Landstar System, Inc. has a fifty-two week low of $161.13 and a fifty-two week high of $203.65. The firm has a 50 day moving average price of $182.41 and a 200-day moving average price of $184.92.
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.
See Also
Receive News & Ratings for Landstar System Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Landstar System and related companies with MarketBeat.com’s FREE daily email newsletter.