American International Group Inc. Sells 979 Shares of Landstar System, Inc. (NASDAQ:LSTR)

American International Group Inc. trimmed its position in Landstar System, Inc. (NASDAQ:LSTR) by 2.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,821 shares of the transportation company’s stock after selling 979 shares during the quarter. American International Group Inc. owned about 0.13% of Landstar System worth $9,218,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in LSTR. Edgestream Partners L.P. grew its position in Landstar System by 445.7% in the first quarter. Edgestream Partners L.P. now owns 30,425 shares of the transportation company’s stock worth $5,865,000 after acquiring an additional 24,850 shares in the last quarter. Ontario Teachers Pension Plan Board grew its position in Landstar System by 72.0% in the first quarter. Ontario Teachers Pension Plan Board now owns 15,420 shares of the transportation company’s stock worth $2,972,000 after acquiring an additional 6,453 shares in the last quarter. Vanguard Group Inc. grew its position in Landstar System by 0.7% in the first quarter. Vanguard Group Inc. now owns 3,480,039 shares of the transportation company’s stock worth $670,812,000 after acquiring an additional 25,387 shares in the last quarter. State Board of Administration of Florida Retirement System grew its position in Landstar System by 3.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 43,753 shares of the transportation company’s stock worth $7,843,000 after acquiring an additional 1,318 shares in the last quarter. Finally, Bleakley Financial Group LLC grew its position in Landstar System by 9.0% in the first quarter. Bleakley Financial Group LLC now owns 4,484 shares of the transportation company’s stock worth $864,000 after acquiring an additional 370 shares in the last quarter. 97.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on LSTR shares. Wolfe Research lowered Landstar System from an “outperform” rating to a “peer perform” rating in a research report on Thursday, July 11th. Morgan Stanley dropped their price target on Landstar System from $147.00 to $145.00 and set an “equal weight” rating for the company in a research report on Monday, July 8th. Stifel Nicolaus dropped their target price on Landstar System from $166.00 to $164.00 and set a “hold” rating for the company in a research report on Monday, April 29th. Susquehanna dropped their target price on Landstar System from $165.00 to $160.00 and set a “neutral” rating for the company in a research report on Friday, April 26th. Finally, Benchmark restated a “hold” rating on shares of Landstar System in a research report on Friday, April 26th. Eleven analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $182.55.

Landstar System Trading Up 4.6 %

Shares of NASDAQ LSTR traded up $8.54 during trading hours on Thursday, reaching $192.43. The stock had a trading volume of 132,110 shares, compared to its average volume of 269,846. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.04. The firm has a market cap of $6.88 billion, a price-to-earnings ratio of 28.29 and a beta of 0.80. The business’s fifty day moving average price is $181.67 and its two-hundred day moving average price is $184.87. Landstar System, Inc. has a 52-week low of $161.13 and a 52-week high of $208.62.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings results on Wednesday, April 24th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 23.11% and a net margin of 4.63%. Analysts expect that Landstar System, Inc. will post 6.24 EPS 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.