Brevan Howard Capital Management LP Grows Holdings in Landstar System, Inc. (NASDAQ:LSTR)

Brevan Howard Capital Management LP raised its position in Landstar System, Inc. (NASDAQ:LSTR) by 159.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 8,887 shares of the transportation company’s stock after purchasing an additional 5,466 shares during the period. Brevan Howard Capital Management LP’s holdings in Landstar System were worth $1,527,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. Franklin Resources Inc. lifted its holdings in Landstar System by 28.1% during the third quarter. Franklin Resources Inc. now owns 58,177 shares of the transportation company’s stock worth $11,000,000 after acquiring an additional 12,756 shares during the period. Fulton Bank N.A. increased its position 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 valued at $361,000 after purchasing an additional 204 shares during the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of Landstar System by 1.3% during the 4th quarter. Harbor Capital Advisors Inc. now owns 8,865 shares of the transportation company’s stock worth $1,524,000 after purchasing an additional 114 shares during the period. Trust Co. of Vermont purchased a new position in shares of Landstar System in the 4th quarter worth about $34,000. Finally, Roberts Wealth Advisors LLC grew its position in Landstar System by 1.3% during the fourth quarter. Roberts Wealth Advisors LLC now owns 4,616 shares of the transportation company’s stock valued at $818,000 after buying an additional 60 shares during the period. Institutional investors own 97.95% of the company’s stock.

Landstar System Price Performance

Shares of NASDAQ:LSTR opened at $131.71 on Wednesday. The company has a 50 day moving average of $143.97 and a 200 day moving average of $164.33. The company has a current ratio of 1.96, a quick ratio of 2.21 and a debt-to-equity ratio of 0.07. The stock has a market cap of $4.60 billion, a P/E ratio of 23.86 and a beta of 0.92. Landstar System, Inc. has a 12 month low of $128.99 and a 12 month high of $196.86.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Landstar System from $177.00 to $147.00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. Jefferies Financial Group dropped their price objective on Landstar System from $170.00 to $150.00 and set a “hold” rating on the stock in a research note on Friday, April 11th. Truist Financial reduced their price objective on Landstar System from $150.00 to $135.00 and set a “hold” rating for the company in a report on Thursday, April 24th. Benchmark restated a “hold” rating on shares of Landstar System in a research note on Monday, April 14th. Finally, Susquehanna cut their price target on Landstar System from $130.00 to $120.00 and set a “neutral” rating for the company in a research note on Monday, April 7th. One research analyst has rated the stock with a sell rating and thirteen have given a hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $155.67.

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.