Bridgefront Capital LLC Sells 641 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Bridgefront Capital LLC cut its stake in Landstar System, Inc. (NASDAQ:LSTR) by 35.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,172 shares of the transportation company’s stock after selling 641 shares during the period. Bridgefront Capital LLC’s holdings in Landstar System were worth $201,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Kayne Anderson Rudnick Investment Management LLC increased its position in Landstar System by 16.1% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,764,603 shares of the transportation company’s stock valued at $646,985,000 after acquiring an additional 521,695 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Landstar System by 0.7% during the 4th quarter. Victory Capital Management Inc. now owns 1,621,511 shares of the transportation company’s stock valued at $278,673,000 after purchasing an additional 11,146 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Landstar System by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 817,938 shares of the transportation company’s stock worth $140,602,000 after purchasing an additional 4,392 shares during the period. Northern Trust Corp boosted its holdings in shares of Landstar System by 15.6% in the fourth quarter. Northern Trust Corp now owns 672,779 shares of the transportation company’s stock worth $115,624,000 after buying an additional 90,672 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Landstar System by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 617,835 shares of the transportation company’s stock valued at $106,184,000 after buying an additional 9,190 shares during the period. 97.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on LSTR shares. Benchmark restated a “hold” rating on shares of Landstar System in a research note on Monday, April 14th. Stifel Nicolaus decreased their price objective on Landstar System from $162.00 to $147.00 and set a “hold” rating on the stock in a research note on Monday, April 14th. Susquehanna cut their price objective on Landstar System from $130.00 to $120.00 and set a “neutral” rating for the company in a research note on Monday, April 7th. Jefferies Financial Group decreased their target price on shares of Landstar System from $170.00 to $150.00 and set a “hold” rating on the stock in a research note on Friday, April 11th. Finally, TD Cowen dropped their price target 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. One analyst has rated the stock with a sell rating and thirteen have issued a hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $155.67.

Landstar System Stock Up 2.9 %

LSTR stock opened at $136.15 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.96 and a quick ratio of 2.21. The firm’s fifty day simple moving average is $143.06 and its 200-day simple moving average is $163.78. Landstar System, Inc. has a 12 month low of $128.99 and a 12 month high of $196.86. The company has a market capitalization of $4.76 billion, a P/E ratio of 24.66 and a beta of 0.92.

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.