Illinois Municipal Retirement Fund Raises Position in Landstar System, Inc. (NASDAQ:LSTR)

Illinois Municipal Retirement Fund grew its holdings in shares of Landstar System, Inc. (NASDAQ:LSTR) by 8.8% during the fourth quarter, HoldingsChannel reports. The firm owned 20,591 shares of the transportation company’s stock after purchasing an additional 1,657 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Landstar System were worth $3,987,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in LSTR. Larson Financial Group LLC purchased a new position in shares of Landstar System in the 3rd quarter worth $49,000. Cary Street Partners Investment Advisory LLC raised 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 period. Impact Partnership Wealth LLC purchased a new position in shares of Landstar System in the 3rd quarter worth $108,000. Exchange Traded Concepts LLC raised 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 period. Finally, Blue Trust Inc. raised 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 period. Hedge funds and other institutional investors own 97.95% of the company’s stock.

Analysts Set New Price Targets

LSTR has been the topic of a number of recent research reports. Wells Fargo & Company boosted their price objective on Landstar System from $165.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Friday, February 2nd. Susquehanna reduced their price objective on Landstar System from $170.00 to $165.00 and set a “neutral” rating on the stock in a research note on Monday, March 25th. Stifel Nicolaus reduced their price objective on Landstar System from $171.00 to $166.00 and set a “hold” rating on the stock in a research note on Friday, February 2nd. UBS Group boosted their price objective on Landstar System from $175.00 to $200.00 and gave the stock a “neutral” rating in a research note on Friday, February 2nd. Finally, Wolfe Research upgraded Landstar System from a “peer perform” rating to an “outperform” rating and set a $205.00 price objective on the stock in a research note on Wednesday, January 10th. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $184.55.

Landstar System Stock Down 0.6 %

Shares of Landstar System stock opened at $171.10 on Thursday. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.04. The firm has a market cap of $6.12 billion, a P/E ratio of 23.28, a P/E/G 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 business has a 50-day moving average price of $185.05 and a 200 day moving average price of $183.53.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings data on Wednesday, April 24th. The transportation company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.04. The firm 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, sell-side analysts forecast that Landstar System, Inc. will post 6.71 earnings per share for the current fiscal year.

Insider Transactions at Landstar System

In other news, VP Michael K. Kneller sold 12,219 shares of the business’s stock in a transaction that occurred on 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 directly owns 61,127 shares in the company, valued at $11,632,468.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.00% of the company’s stock.

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.