Janus Henderson Group PLC grew its holdings in shares of Landstar System, Inc. (NASDAQ:LSTR – Free Report) by 30.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 180,955 shares of the transportation company’s stock after purchasing an additional 42,740 shares during the period. Janus Henderson Group PLC owned about 0.51% of Landstar System worth $34,880,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Bayesian Capital Management LP bought a new position in shares of Landstar System in the first quarter worth $219,000. Caxton Associates LP acquired a new position in Landstar System during the first quarter worth about $202,000. Public Employees Retirement System of Ohio lifted its holdings in shares of Landstar System by 3.7% in the first quarter. Public Employees Retirement System of Ohio now owns 42,971 shares of the transportation company’s stock worth $8,283,000 after acquiring an additional 1,540 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of Landstar System in the first quarter worth about $477,000. Finally, Vident Advisory LLC boosted its stake in shares of Landstar System by 13.0% in the 1st quarter. Vident Advisory LLC now owns 19,406 shares of the transportation company’s stock valued at $3,741,000 after purchasing an additional 2,226 shares in the last quarter. 97.95% of the stock is currently owned by institutional investors and hedge funds.
Landstar System Trading Down 0.4 %
LSTR traded down $0.81 during trading on Wednesday, hitting $193.06. The company’s stock had a trading volume of 83,518 shares, compared to its average volume of 270,557. The firm has a market capitalization of $6.90 billion, a P/E ratio of 29.31 and a beta of 0.80. Landstar System, Inc. has a twelve month low of $161.13 and a twelve month high of $203.65. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.04. The stock’s fifty day moving average price is $182.41 and its 200-day moving average price is $184.92.
Wall Street Analyst Weigh In
LSTR has been the subject of a number of research analyst reports. TD Cowen upped their price objective on shares of Landstar System from $171.00 to $176.00 and gave the stock a “hold” rating in a research report on Wednesday. Evercore ISI upped their price target on shares of Landstar System from $161.00 to $173.00 and gave the stock an “in-line” rating in a report on Tuesday, June 25th. Wolfe Research downgraded Landstar System from an “outperform” rating to a “peer perform” rating in a report on Thursday, July 11th. Benchmark reaffirmed a “hold” rating on shares of Landstar System in a report on Friday, April 26th. Finally, Susquehanna lifted their price target on Landstar System from $160.00 to $165.00 and gave the company a “neutral” rating in a research note on Wednesday. Twelve investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $180.82.
Check Out Our Latest Stock Report on Landstar System
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.
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