Xponance Inc. Reduces Stake in Landstar System, Inc. (NASDAQ:LSTR)

Xponance Inc. trimmed its position in shares of Landstar System, Inc. (NASDAQ:LSTR) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing 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 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Larson Financial Group LLC acquired a new position in shares of Landstar System during the 3rd quarter worth $49,000. Cary Street Partners Investment Advisory LLC increased its holdings in Landstar System by 126.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 565 shares of the transportation company’s stock valued at $100,000 after acquiring an additional 315 shares in the last quarter. Impact Partnership Wealth LLC acquired a new position in Landstar System during the third quarter worth about $108,000. Exchange Traded Concepts LLC lifted its holdings in shares of Landstar System by 17.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 616 shares of the transportation company’s stock valued at $119,000 after purchasing an additional 92 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Landstar System by 18.7% in the fourth quarter. Blue Trust Inc. now owns 755 shares of the transportation company’s stock valued at $134,000 after purchasing an additional 119 shares in the last quarter. 97.95% of the stock is currently owned by hedge funds and other institutional investors.

Landstar System Stock Performance

NASDAQ LSTR opened at $171.10 on Thursday. The business’s 50-day moving average price is $185.05 and its 200 day moving average price is $183.53. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.04. Landstar System, Inc. has a twelve month low of $161.13 and a twelve month high of $208.62. The company has a market capitalization of $6.12 billion, a PE 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 quarterly earnings data on Wednesday, January 31st. The transportation company reported $1.62 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($0.01). Landstar System had a return on equity of 26.73% and a net margin of 4.99%. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.25 billion. On average, research analysts predict that Landstar System, Inc. will post 6.71 earnings per share for the current year.

Insiders Place Their Bets

In other news, VP Michael K. Kneller sold 12,219 shares of the business’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $190.30, for a total transaction of $2,325,275.70. Following the completion of the sale, the vice president now directly owns 61,127 shares of the company’s stock, valued at approximately $11,632,468.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Susquehanna dropped their price objective on shares of Landstar System from $170.00 to $165.00 and set a “neutral” rating for the company in a research note on Monday, March 25th. Wells Fargo & Company raised their price target on Landstar System from $165.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Friday, February 2nd. Stifel Nicolaus cut their price target on Landstar System from $171.00 to $166.00 and set a “hold” rating for the company in a report on Friday, February 2nd. UBS Group increased 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, Wolfe Research upgraded 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. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $184.55.

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.