Caxton Associates LP Takes $202,000 Position in Landstar System, Inc. (NASDAQ:LSTR)

Caxton Associates LP bought a new position in shares of Landstar System, Inc. (NASDAQ:LSTR) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,049 shares of the transportation company’s stock, valued at approximately $202,000.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Landstar System by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 3,480,039 shares of the transportation company’s stock valued at $670,812,000 after purchasing an additional 25,387 shares during the period. Victory Capital Management Inc. lifted its stake in Landstar System by 19.2% in the fourth quarter. Victory Capital Management Inc. now owns 1,394,389 shares of the transportation company’s stock valued at $270,024,000 after buying an additional 224,286 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Landstar System by 4.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 555,085 shares of the transportation company’s stock worth $107,496,000 after buying an additional 21,395 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Landstar System by 1.8% during the 4th quarter. Wells Fargo & Company MN now owns 437,754 shares of the transportation company’s stock worth $84,771,000 after buying an additional 7,669 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Landstar System by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 347,804 shares of the transportation company’s stock valued at $67,352,000 after acquiring an additional 8,219 shares in the last quarter. Institutional investors own 97.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on LSTR shares. Raymond James started coverage on shares of Landstar System in a research note on Wednesday, May 15th. They issued an “outperform” rating and a $205.00 price target for the company. Susquehanna reduced their price objective on Landstar System from $165.00 to $160.00 and set a “neutral” rating for the company in a research note on Friday, April 26th. Evercore ISI upped their target price on Landstar System from $161.00 to $173.00 and gave the stock an “in-line” rating in a research report on Tuesday, June 25th. Wolfe Research downgraded shares of Landstar System from an “outperform” rating to a “peer perform” rating in a research report on Thursday, July 11th. Finally, Benchmark restated a “hold” rating on shares of Landstar System in a research note on Friday, April 26th. Eleven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $180.80.

Landstar System Price Performance

NASDAQ LSTR traded up $2.20 during trading hours on Tuesday, hitting $193.34. The company had a trading volume of 75,884 shares, compared to its average volume of 270,286. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.22 and a current ratio of 2.22. The firm has a market capitalization of $6.91 billion, a price-to-earnings ratio of 30.05 and a beta of 0.80. Landstar System, Inc. has a 52 week low of $161.13 and a 52 week high of $203.65. The firm has a 50 day simple moving average of $182.11 and a 200 day simple moving average of $184.92.

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.