International Assets Investment Management LLC Makes New $637,000 Investment in Landstar System, Inc. (NASDAQ:LSTR)

International Assets Investment Management LLC bought a new position in Landstar System, Inc. (NASDAQ:LSTR) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 3,292 shares of the transportation company’s stock, valued at approximately $637,000.

Other hedge funds have also modified their holdings of the company. Mariner LLC boosted its position in shares of Landstar System by 0.9% in the third quarter. Mariner LLC now owns 9,448 shares of the transportation company’s stock worth $1,672,000 after acquiring an additional 87 shares during the last quarter. Royal Bank of Canada lifted its position in Landstar System by 6.3% during the third quarter. Royal Bank of Canada now owns 335,747 shares of the transportation company’s stock valued at $59,407,000 after buying an additional 19,920 shares in the last quarter. Qube Research & Technologies Ltd lifted its position in Landstar System by 63.3% during the third quarter. Qube Research & Technologies Ltd now owns 205,239 shares of the transportation company’s stock valued at $36,315,000 after buying an additional 79,536 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in Landstar System during the third quarter valued at approximately $630,000. Finally, Sherbrooke Park Advisers LLC lifted its position in Landstar System by 175.3% during the third quarter. Sherbrooke Park Advisers LLC now owns 9,360 shares of the transportation company’s stock valued at $1,656,000 after buying an additional 5,960 shares in the last quarter. 97.95% of the stock is owned by institutional investors and hedge funds.

Landstar System Stock Down 0.6 %

Shares of NASDAQ:LSTR opened at $171.10 on Thursday. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.04. The company has a fifty day simple moving average of $185.05 and a 200 day simple moving average of $183.53. The firm has a market cap of $6.12 billion, a PE ratio of 23.28, a price-to-earnings-growth ratio of 4.52 and a beta of 0.83. Landstar System, Inc. has a 12-month low of $161.13 and a 12-month high of $208.62.

Landstar System (NASDAQ:LSTR) last issued its quarterly 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). The company 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%. On average, equities research analysts anticipate that Landstar System, Inc. will post 6.71 EPS for the current fiscal year.

Insider Buying and Selling

In related news, VP Michael K. Kneller sold 12,219 shares of Landstar System stock in a transaction on 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 completion of the sale, the vice president now owns 61,127 shares in the company, valued at $11,632,468.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Landstar System Company 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.