Illinois Municipal Retirement Fund Purchases 1,657 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Illinois Municipal Retirement Fund increased its stake in shares of Landstar System, Inc. (NASDAQ:LSTR) by 8.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,591 shares of the transportation company’s stock after purchasing an additional 1,657 shares during the quarter. Illinois Municipal Retirement Fund owned approximately 0.06% of Landstar System worth $3,987,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Mariner LLC raised its stake in Landstar System by 0.9% in the third quarter. Mariner LLC now owns 9,448 shares of the transportation company’s stock valued at $1,672,000 after buying an additional 87 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in shares of Landstar System by 4.3% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 277,741 shares of the transportation company’s stock worth $53,784,000 after purchasing an additional 11,370 shares during the last quarter. Royal Bank of Canada raised its stake in shares of Landstar System by 6.3% in the third quarter. Royal Bank of Canada now owns 335,747 shares of the transportation company’s stock worth $59,407,000 after purchasing an additional 19,920 shares during the last quarter. Qube Research & Technologies Ltd raised its stake in shares of Landstar System by 63.3% in the third quarter. Qube Research & Technologies Ltd now owns 205,239 shares of the transportation company’s stock worth $36,315,000 after purchasing an additional 79,536 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of Landstar System in the third quarter worth about $630,000. 97.95% of the stock is currently owned by hedge funds and other institutional investors.

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 on Monday, February 5th. The stock was sold at an average price of $190.30, for a total value of $2,325,275.70. Following the sale, the vice president now owns 61,127 shares in the company, valued at $11,632,468.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

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

Landstar System Stock Down 0.6 %

Shares of LSTR opened at $171.10 on Thursday. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.04. The stock’s 50 day moving average is $185.05 and its two-hundred day moving average is $183.53. The firm has a market cap of $6.12 billion, a P/E ratio of 23.28, a PEG ratio of 4.54 and a beta of 0.83. Landstar System, Inc. has a 12 month low of $161.13 and a 12 month high of $208.62.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings results on Wednesday, April 24th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.04. Landstar System had a return on equity of 26.73% and a net margin of 4.99%. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.12 billion. Analysts predict that Landstar System, Inc. will post 6.71 earnings per share for the current fiscal year.

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.