Xponance Inc. Decreases Stock Position in Landstar System, Inc. (NASDAQ:LSTR)

Xponance Inc. trimmed its position in shares of Landstar System, Inc. (NASDAQ:LSTR) by 2.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,121 shares of the transportation company’s stock after selling 183 shares during the quarter. Xponance Inc.’s holdings in Landstar System were worth $1,379,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. AE Wealth Management LLC acquired a new stake in Landstar System during the 3rd quarter worth $223,000. SG Americas Securities LLC boosted its position in Landstar System by 10.9% during the third quarter. SG Americas Securities LLC now owns 6,686 shares of the transportation company’s stock worth $1,183,000 after acquiring an additional 658 shares during the last quarter. Impact Partnership Wealth LLC purchased a new stake in Landstar System during the 3rd quarter valued at about $108,000. DAVENPORT & Co LLC grew its stake in Landstar System by 1.9% during the 3rd quarter. DAVENPORT & Co LLC now owns 9,374 shares of the transportation company’s stock valued at $1,659,000 after acquiring an additional 177 shares in the last quarter. Finally, Boston Trust Walden Corp raised its holdings in Landstar System by 6.2% in the 3rd quarter. Boston Trust Walden Corp now owns 233,132 shares of the transportation company’s stock valued at $41,250,000 after acquiring an additional 13,655 shares during the last quarter. 97.95% of the stock is owned by institutional investors and hedge funds.

Landstar System Price Performance

Landstar System stock opened at $171.10 on Thursday. The company’s 50 day simple moving average is $185.05 and its 200-day simple moving average is $183.53. 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 1 year low of $161.13 and a 1 year high of $208.62. The company has a market capitalization of $6.12 billion, a price-to-earnings ratio of 23.28, a price-to-earnings-growth ratio of 4.54 and a beta of 0.83.

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

Insider Activity at Landstar System

In related news, VP Michael K. Kneller sold 12,219 shares of the firm’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $190.30, for a total transaction of $2,325,275.70. Following the completion of the transaction, the vice president now directly owns 61,127 shares in the company, valued at approximately $11,632,468.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on LSTR shares. Wells Fargo & Company upped their price target on Landstar System from $165.00 to $180.00 and gave the company an “equal weight” rating in a research report on Friday, February 2nd. Stifel Nicolaus dropped their target price on Landstar System from $171.00 to $166.00 and set a “hold” rating for the company in a report on Friday, February 2nd. Wolfe Research upgraded Landstar System from a “peer perform” rating to an “outperform” rating and set a $205.00 price target on the stock in a report on Wednesday, January 10th. Susquehanna lowered 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. Finally, UBS Group raised their price objective on shares of Landstar System from $175.00 to $200.00 and gave the stock a “neutral” rating in a research report on Friday, February 2nd. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $184.55.

About Landstar System

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.