Zurcher Kantonalbank Zurich Cantonalbank Acquires 1,008 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Landstar System, Inc. (NASDAQ:LSTR) by 14.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,011 shares of the transportation company’s stock after purchasing an additional 1,008 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Landstar System were worth $1,551,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Larson Financial Group LLC purchased a new position in shares of Landstar System in the 3rd quarter worth approximately $49,000. Cary Street Partners Investment Advisory LLC grew its position in shares of Landstar System by 126.0% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 565 shares of the transportation company’s stock worth $100,000 after buying an additional 315 shares during the last quarter. Exchange Traded Concepts LLC grew its position in shares of Landstar System by 17.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 616 shares of the transportation company’s stock worth $119,000 after buying an additional 92 shares during the last quarter. Blue Trust Inc. grew its position in shares of Landstar System by 18.7% in the 4th quarter. Blue Trust Inc. now owns 755 shares of the transportation company’s stock worth $134,000 after buying an additional 119 shares during the last quarter. Finally, Douglas Lane & Associates LLC purchased a new position in shares of Landstar System in the 4th quarter worth approximately $201,000. Institutional investors own 97.95% of the company’s stock.

Insider Buying and Selling at Landstar System

In other Landstar System news, VP Michael K. Kneller sold 12,219 shares of Landstar System stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $190.30, for a total transaction of $2,325,275.70. Following the completion of the transaction, the vice president now owns 61,127 shares in the company, valued at approximately $11,632,468.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.00% of the company’s stock.

Landstar System Stock Performance

NASDAQ LSTR opened at $177.43 on Friday. The stock has a 50-day simple moving average of $184.66 and a two-hundred day simple moving average of $183.48. The firm has a market capitalization of $6.34 billion, a P/E ratio of 24.14, a PEG ratio of 4.54 and a beta of 0.83. Landstar System, Inc. has a fifty-two week low of $161.13 and a fifty-two week high of $208.62. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.00 and a current ratio of 2.00.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings data on Wednesday, April 24th. The transportation company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.04. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.12 billion. Landstar System had a return on equity of 26.73% and a net margin of 4.99%. On average, equities analysts forecast that Landstar System, Inc. will post 6.71 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LSTR. Wells Fargo & Company lifted their price objective on shares of Landstar System from $165.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Friday, February 2nd. Wolfe Research raised shares of Landstar System from a “peer perform” rating to an “outperform” rating and set a $205.00 target price on the stock in a research report on Wednesday, January 10th. Susquehanna dropped their target price on shares of Landstar System from $170.00 to $165.00 and set a “neutral” rating on the stock in a research report on Monday, March 25th. Stifel Nicolaus dropped their target price on shares of Landstar System from $171.00 to $166.00 and set a “hold” rating on the stock in a research report on Friday, February 2nd. Finally, UBS Group boosted their target price on shares of Landstar System from $175.00 to $200.00 and gave the stock a “neutral” rating in a research report on Friday, February 2nd. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Landstar System currently has an average rating of “Hold” and a consensus target price of $184.55.

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.