Cwm LLC Sells 1,046 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Cwm LLC lessened its holdings in Landstar System, Inc. (NASDAQ:LSTR) by 4.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,999 shares of the transportation company’s stock after selling 1,046 shares during the quarter. Cwm LLC owned approximately 0.06% of Landstar System worth $4,067,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Mariner LLC raised its holdings in Landstar System by 0.9% in the 3rd quarter. Mariner LLC now owns 9,448 shares of the transportation company’s stock valued at $1,672,000 after buying an additional 87 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its position in shares of Landstar System by 4.3% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 277,741 shares of the transportation company’s stock worth $53,784,000 after acquiring an additional 11,370 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of Landstar System by 6.3% in the third quarter. Royal Bank of Canada now owns 335,747 shares of the transportation company’s stock worth $59,407,000 after acquiring an additional 19,920 shares during the period. Qube Research & Technologies Ltd boosted its holdings in Landstar System by 63.3% in the third quarter. Qube Research & Technologies Ltd now owns 205,239 shares of the transportation company’s stock valued at $36,315,000 after acquiring an additional 79,536 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Landstar System during the 3rd quarter valued at approximately $630,000. Institutional investors own 97.95% of the company’s stock.

Insider Buying and Selling at Landstar System

In related news, VP Michael K. Kneller sold 12,219 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $190.30, for a total value of $2,325,275.70. Following the sale, the vice president now owns 61,127 shares in the company, valued at approximately $11,632,468.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Wells Fargo & Company boosted their price target on shares of Landstar System from $165.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Friday, February 2nd. Susquehanna cut their price target on shares of Landstar System from $170.00 to $165.00 and set a “neutral” rating on the stock in a research report on Monday, March 25th. Wolfe Research raised Landstar System from a “peer perform” rating to an “outperform” rating and set a $205.00 price objective for the company in a research report on Wednesday, January 10th. UBS Group boosted their price objective on Landstar System from $175.00 to $200.00 and gave the company a “neutral” rating in a research note on Friday, February 2nd. Finally, Stifel Nicolaus cut their target price on Landstar System from $171.00 to $166.00 and set a “hold” rating on the stock in a research report on Friday, February 2nd. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $184.55.

Landstar System Stock Up 0.4 %

Shares of NASDAQ:LSTR opened at $172.12 on Wednesday. The business’s 50 day simple moving average is $185.51 and its two-hundred day simple moving average is $183.61. The firm has a market cap of $6.16 billion, a P/E ratio of 23.42, a PEG ratio of 4.52 and a beta of 0.83. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.00 and a current ratio of 2.00. Landstar System, Inc. has a 52-week low of $161.13 and a 52-week high of $208.62.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings results on Wednesday, January 31st. The transportation company reported $1.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.63 by ($0.01). The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.25 billion. Landstar System had a return on equity of 26.73% and a net margin of 4.99%. As a group, research analysts forecast that Landstar System, Inc. will post 6.71 EPS for the current fiscal 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.