OxFORD Asset Management LLP Boosts Holdings in Landstar System, Inc. (LSTR)

OxFORD Asset Management LLP boosted its holdings in shares of Landstar System, Inc. (NASDAQ:LSTR) by 156.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,189 shares of the transportation company’s stock after acquiring an additional 6,825 shares during the quarter. OxFORD Asset Management LLP’s holdings in Landstar System were worth $958,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. BlackRock Inc. grew its holdings in Landstar System by 7,684.2% during the 1st quarter. BlackRock Inc. now owns 4,087,876 shares of the transportation company’s stock worth $350,127,000 after acquiring an additional 4,035,361 shares during the last quarter. Vanguard Group Inc. grew its holdings in Landstar System by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 3,457,375 shares of the transportation company’s stock worth $295,951,000 after acquiring an additional 74,458 shares during the last quarter. Royce & Associates LP grew its holdings in Landstar System by 0.5% during the 2nd quarter. Royce & Associates LP now owns 1,355,610 shares of the transportation company’s stock worth $116,040,000 after acquiring an additional 7,100 shares during the last quarter. FMR LLC grew its holdings in Landstar System by 64.7% during the 2nd quarter. FMR LLC now owns 1,209,985 shares of the transportation company’s stock worth $103,575,000 after acquiring an additional 475,220 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC grew its holdings in Landstar System by 3.0% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,081,447 shares of the transportation company’s stock worth $92,572,000 after acquiring an additional 31,519 shares during the last quarter. 96.99% of the stock is currently owned by hedge funds and other institutional investors.

LSTR has been the topic of a number of research reports. Zacks Investment Research raised shares of Landstar System from a “hold” rating to a “buy” rating and set a $98.00 target price on the stock in a report on Thursday, July 6th. Cowen and Company reissued a “hold” rating and set a $86.00 target price on shares of Landstar System in a report on Monday, August 28th. Deutsche Bank AG lowered shares of Landstar System from a “buy” rating to a “hold” rating and reduced their target price for the stock from $97.00 to $87.00 in a report on Monday, July 31st. Stephens upgraded shares of Landstar System from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $88.00 to $103.00 in a research report on Wednesday, August 30th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $95.00 price target on shares of Landstar System in a research report on Tuesday, September 12th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. Landstar System presently has a consensus rating of “Hold” and an average price target of $93.10.

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Landstar System, Inc. (NASDAQ LSTR) opened at 97.70 on Friday. The stock has a 50 day moving average of $96.30 and a 200-day moving average of $87.65. Landstar System, Inc. has a 12 month low of $65.05 and a 12 month high of $101.75. The firm has a market cap of $4.10 billion, a P/E ratio of 28.22 and a beta of 0.76.

Landstar System (NASDAQ:LSTR) last issued its earnings results on Wednesday, July 26th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.01. Landstar System had a net margin of 4.37% and a return on equity of 26.11%. The firm had revenue of $870.34 million for the quarter, compared to analysts’ expectations of $859.30 million. During the same quarter last year, the business earned $0.76 earnings per share. The business’s revenue was up 12.3% on a year-over-year basis. Equities research analysts predict that Landstar System, Inc. will post $3.61 earnings per share for the current fiscal year.

Landstar System Company Profile

Landstar System, Inc (Landstar) is an asset-light provider of integrated transportation management solutions. The Company offers services to its customers across multiple transportation modes, with the ability to arrange for individual shipments of freight to enterprise solutions to manage customer’s transportation needs.

Institutional Ownership by Quarter for Landstar System (NASDAQ:LSTR)

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