Landstar System, Inc. (NASDAQ:LSTR) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Landstar System, Inc. (NASDAQ:LSTR) by 14.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 8,011 shares of the transportation company’s stock after purchasing an additional 1,008 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Landstar System were worth $1,551,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Larson Financial Group LLC acquired a new position in Landstar System in the third quarter valued at $49,000. Cary Street Partners Investment Advisory LLC boosted its stake in Landstar System by 126.0% in the third 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. Exchange Traded Concepts LLC boosted its stake in 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 acquiring an additional 92 shares in the last quarter. Blue Trust Inc. boosted its stake in 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 acquiring an additional 119 shares in the last quarter. Finally, Douglas Lane & Associates LLC acquired a new position in Landstar System in the fourth quarter valued at $201,000. Institutional investors and hedge funds own 97.95% of the company’s stock.

Landstar System Trading Up 3.7 %

NASDAQ LSTR opened at $177.43 on Friday. The stock has a market capitalization of $6.34 billion, a P/E ratio of 24.14, a P/E/G ratio of 4.54 and a beta of 0.83. Landstar System, Inc. has a 52-week low of $161.13 and a 52-week high of $208.62. The firm has a 50-day moving average price of $184.66 and a 200 day moving average price of $183.48. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.04.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings results on Wednesday, April 24th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.04. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Landstar System had a net margin of 4.99% and a return on equity of 26.73%. Equities research analysts expect that Landstar System, Inc. will post 6.71 EPS for the current year.

Insider Buying and Selling

In related news, VP Michael K. Kneller sold 12,219 shares of the stock in a transaction dated 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 transaction, the vice president now directly owns 61,127 shares of the company’s stock, valued at $11,632,468.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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