LRT Capital Management LLC Has $1.88 Million Stock Position in Landstar System, Inc. (NASDAQ:LSTR)

LRT Capital Management LLC raised its stake in Landstar System, Inc. (NASDAQ:LSTR) by 21.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,912 shares of the transportation company’s stock after acquiring an additional 1,939 shares during the quarter. Landstar System comprises 1.5% of LRT Capital Management LLC’s holdings, making the stock its 25th largest position. LRT Capital Management LLC’s holdings in Landstar System were worth $1,875,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new position in shares of Landstar System in the fourth quarter valued at approximately $25,000. HM Payson & Co. bought a new stake in Landstar System in the 4th quarter valued at $26,000. Colonial Trust Co SC grew its holdings in Landstar System by 61.7% in the 4th quarter. Colonial Trust Co SC now owns 186 shares of the transportation company’s stock valued at $32,000 after buying an additional 71 shares in the last quarter. Trust Co. of Vermont acquired a new position in Landstar System in the 4th quarter valued at $34,000. Finally, BOKF NA increased its position in Landstar System by 56.1% during the 4th quarter. BOKF NA now owns 348 shares of the transportation company’s stock worth $58,000 after buying an additional 125 shares during the period. 97.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on LSTR shares. TD Cowen reduced their target price on shares of Landstar System from $161.00 to $145.00 and set a “hold” rating for the company in a research report on Thursday, April 3rd. Benchmark reissued a “hold” rating on shares of Landstar System in a report 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 on the stock in a research report on Thursday, April 24th. Jefferies Financial Group dropped their price target on shares of Landstar System from $170.00 to $150.00 and set a “hold” rating for the company in a research report on Friday, April 11th. Finally, JPMorgan Chase & Co. cut their price target 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 company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $155.67.

Landstar System Price Performance

Shares of LSTR stock opened at $135.56 on Monday. The business has a fifty day simple moving average of $142.68 and a 200 day simple moving average of $163.24. The company has a market cap of $4.74 billion, a P/E ratio of 24.56 and a beta of 0.92. The company has a quick ratio of 2.21, a current ratio of 1.96 and a debt-to-equity ratio of 0.07. Landstar System, Inc. has a twelve month low of $128.99 and a twelve month high of $196.86.

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.