Focus Partners Wealth Boosts Holdings in Landstar System, Inc. (NASDAQ:LSTR)

Focus Partners Wealth boosted its position in shares of Landstar System, Inc. (NASDAQ:LSTR) by 1.8% in the fourth quarter, HoldingsChannel reports. The fund owned 50,490 shares of the transportation company’s stock after purchasing an additional 885 shares during the quarter. Focus Partners Wealth’s holdings in Landstar System were worth $8,678,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Golden State Wealth Management LLC purchased a new stake in Landstar System during the fourth quarter valued at approximately $25,000. HM Payson & Co. purchased a new stake in Landstar System during the fourth quarter valued at approximately $26,000. Colonial Trust Co SC lifted its position in Landstar System by 61.7% during the fourth quarter. Colonial Trust Co SC now owns 186 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 71 shares during the last quarter. Trust Co. of Vermont purchased a new stake in Landstar System during the fourth quarter valued at approximately $34,000. Finally, Transce3nd LLC purchased a new stake in Landstar System during the fourth quarter valued at approximately $60,000. Hedge funds and other institutional investors own 97.95% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on LSTR shares. TD Cowen decreased 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. Jefferies Financial Group decreased their price target on shares of Landstar System from $170.00 to $150.00 and set a “hold” rating for the company in a report on Friday, April 11th. JPMorgan Chase & Co. decreased their price target on shares of Landstar System from $177.00 to $147.00 and set a “neutral” rating for the company in a report on Thursday, April 3rd. Stifel Nicolaus decreased their price target on shares of Landstar System from $162.00 to $147.00 and set a “hold” rating for the company in a report on Monday, April 14th. Finally, Susquehanna decreased their price target on shares of Landstar System from $130.00 to $120.00 and set a “neutral” rating for the company in a report on Monday, April 7th. One research analyst has rated the stock with a sell rating and thirteen have assigned a hold rating to the company. Based on data from MarketBeat.com, Landstar System has an average rating of “Hold” and an average target price of $155.67.

Landstar System Stock Down 2.5%

NASDAQ:LSTR opened at $140.21 on Wednesday. The firm has a market capitalization of $4.90 billion, a P/E ratio of 25.40 and a beta of 0.92. Landstar System, Inc. has a 1-year low of $128.99 and a 1-year high of $196.86. The company’s fifty day moving average price is $142.46 and its 200-day moving average price is $162.99. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.96 and a quick ratio of 2.21.

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.