2 weeks Ago By ABMN Staff
Renaissance Technologies LLC trimmed its position in Landstar System, Inc. ( NASDAQ:LSTR – Free Report ) by 38.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission.
The firm owned 23,440 shares of the transportation company’s stock after selling 14,900 shares during the quarter. Renaissance Technologies LLC owned 0.07% of Landstar System worth $4,028,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in LSTR. World Investment Advisors LLC purchased a new stake in shares of Landstar System in the 3rd quarter worth approximately $4,036,000. Tidal Investments LLC boosted its position in Landstar System by 9.
3% during the 3rd quarter. Tidal Investments LLC now owns 10,053 shares of the transportation company’s stock valued at $1,899,000 after acquiring an additional 857 shares in the last quarter. Franklin Resources Inc.
increased its holdings in shares of Landstar System by 28.1% in the 3rd quarter. Franklin Resources Inc.
now owns 58,177 shares of the transportation company’s stock valued at $11,000,000 after acquiring an additional 12,756 shares during the period. Fulton Bank N.A.
lifted its stake in shares of Landstar System by 10.8% during the 4th quarter. Fulton Bank N.
A. now owns 2,100 shares of the transportation company’s stock worth $361,000 after purchasing an additional 204 shares during the last quarter. Finally, Harbor Capital Advisors Inc.
boosted its position in Landstar System by 1.3% during the fourth quarter. Harbor Capital Advisors Inc.
now owns 8,865 shares of the transportation company’s stock valued at $1,524,000 after purchasing an additional 114 shares in the last quarter. Institutional investors own 97.95% of the company’s stock.
Landstar System Stock Performance Shares of NASDAQ LSTR opened at $135.53 on Tuesday. The company has a 50 day simple moving average of $149.
15 and a two-hundred day simple moving average of $168.12. The stock has a market cap of $4.
74 billion, a price-to-earnings ratio of 24.55 and a beta of 0.88.
The company has a current ratio of 1.96, a quick ratio of 2.21 and a debt-to-equity ratio of 0.
07. Landstar System, Inc. has a 12 month low of $128.
99 and a 12 month high of $196.86. Analyst Upgrades and Downgrades LSTR has been the subject of several analyst reports.
Truist Financial decreased their price target on shares of Landstar System from $160.00 to $150.00 and set a “hold” rating for the company in a research report on Thursday, April 3rd.
TD Cowen lowered 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 note on Thursday, April 3rd.
JPMorgan Chase & Co. reduced their price target on Landstar System from $177.00 to $147.
00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. Stifel Nicolaus lowered their price objective on Landstar System from $162.00 to $147.
00 and set a “hold” rating for the company in a research report on Monday, April 14th. Finally, Susquehanna reduced their target price on Landstar System from $130.00 to $120.
00 and set a “neutral” rating on the stock in a research report on Monday, April 7th. One analyst has rated the stock with a sell rating and thirteen have given a hold rating to the company. Based on data from MarketBeat.
com, Landstar System has a consensus rating of “Hold” and an average price target of $156.92. Read Our Latest Report on Landstar System About Landstar System ( Free Report ) 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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