Janus Henderson Group PLC Increases Stake in Landstar System, Inc. (NASDAQ:LSTR)

Janus Henderson Group PLC raised its stake in shares of Landstar System, Inc. (NASDAQ:LSTR) by 30.9% during the first quarter, HoldingsChannel reports. The firm owned 180,955 shares of the transportation company’s stock after purchasing an additional 42,740 shares during the quarter. Janus Henderson Group PLC’s holdings in Landstar System were worth $34,880,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank acquired a new position in Landstar System in the fourth quarter valued at approximately $64,175,000. Victory Capital Management Inc. boosted its holdings in Landstar System by 19.2% during the fourth quarter. Victory Capital Management Inc. now owns 1,394,389 shares of the transportation company’s stock worth $270,024,000 after buying an additional 224,286 shares in the last quarter. UBS Group AG grew its position in Landstar System by 359.9% during the fourth quarter. UBS Group AG now owns 80,077 shares of the transportation company’s stock valued at $15,507,000 after buying an additional 62,667 shares during the period. Vaughan Nelson Investment Management L.P. increased its holdings in Landstar System by 21.4% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 337,271 shares of the transportation company’s stock valued at $65,013,000 after buying an additional 59,530 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Landstar System in the first quarter worth about $5,366,000. 97.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on LSTR shares. Wolfe Research lowered Landstar System from an “outperform” rating to a “peer perform” rating in a research note on Thursday, July 11th. Evercore ISI lifted their price objective on Landstar System from $161.00 to $173.00 and gave the stock an “in-line” rating in a report on Tuesday, June 25th. Benchmark restated a “hold” rating on shares of Landstar System in a report on Friday, April 26th. Stifel Nicolaus dropped their target price on shares of Landstar System from $166.00 to $164.00 and set a “hold” rating for the company in a report on Monday, April 29th. Finally, TD Cowen raised their price target on shares of Landstar System from $171.00 to $176.00 and gave the stock a “hold” rating in a research note on Wednesday. Twelve analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Landstar System currently has an average rating of “Hold” and an average price target of $180.82.

Landstar System Trading Down 0.4 %

NASDAQ:LSTR traded down $0.81 on Wednesday, hitting $193.06. The stock had a trading volume of 83,518 shares, compared to its average volume of 270,557. The company has a fifty day moving average price of $182.41 and a two-hundred day moving average price of $184.92. Landstar System, Inc. has a 1-year low of $161.13 and a 1-year 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 has a market cap of $6.90 billion, a price-to-earnings ratio of 29.31 and a beta of 0.80.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.02. Landstar System had a return on equity of 23.11% and a net margin of 4.63%. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the prior year, the firm posted $1.85 earnings per share. The firm’s quarterly revenue was down 10.8% on a year-over-year basis. Equities research analysts expect that Landstar System, Inc. will post 6.24 earnings per share for the current fiscal year.

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.