Landstar System, Inc. (NASDAQ:LSTR) Shares Sold by London Co. of Virginia

London Co. of Virginia cut its stake in Landstar System, Inc. (NASDAQ:LSTR) by 1.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 247,663 shares of the transportation company’s stock after selling 3,244 shares during the period. London Co. of Virginia owned 0.70% of Landstar System worth $42,563,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Landstar System by 16.1% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,764,603 shares of the transportation company’s stock worth $646,985,000 after buying an additional 521,695 shares during the period. Victory Capital Management Inc. grew its stake in Landstar System by 0.7% during the 4th quarter. Victory Capital Management Inc. now owns 1,621,511 shares of the transportation company’s stock valued at $278,673,000 after purchasing an additional 11,146 shares during the last quarter. Geode Capital Management LLC grew its stake in Landstar System by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 817,938 shares of the transportation company’s stock valued at $140,602,000 after purchasing an additional 4,392 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Landstar System by 15.6% in the fourth quarter. Northern Trust Corp now owns 672,779 shares of the transportation company’s stock valued at $115,624,000 after purchasing an additional 90,672 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Landstar System by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 617,835 shares of the transportation company’s stock worth $106,184,000 after purchasing an additional 9,190 shares during the last quarter. Hedge funds and other institutional investors own 97.95% of the company’s stock.

Landstar System Price Performance

Shares of NASDAQ LSTR opened at $135.56 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.21 and a current ratio of 1.96. The firm has a market cap of $4.74 billion, a PE ratio of 24.56 and a beta of 0.92. Landstar System, Inc. has a one year low of $128.99 and a one year high of $196.86. The firm has a fifty day moving average of $142.68 and a 200 day moving average of $163.24.

Analyst Ratings Changes

Several brokerages recently weighed in on LSTR. TD Cowen cut their price target on shares of Landstar System from $161.00 to $145.00 and set a “hold” rating on the stock in a report on Thursday, April 3rd. Stifel Nicolaus cut their price objective on shares of Landstar System from $162.00 to $147.00 and set a “hold” rating on the stock in a research note on Monday, April 14th. Truist Financial decreased their target price on shares of Landstar System from $150.00 to $135.00 and set a “hold” rating for the company in a research report on Thursday, April 24th. Benchmark reaffirmed a “hold” rating on shares of Landstar System in a report on Monday, April 14th. Finally, JPMorgan Chase & Co. reduced their price objective on Landstar System from $177.00 to $147.00 and set a “neutral” rating for the company in a research note on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating and thirteen have given a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $155.67.

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.