First Trust Advisors LP Increases Stake in Landstar System

The institutional investor now owns 2.81% of the transportation company's stock.

Published on Mar. 9, 2026

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First Trust Advisors LP increased its position in shares of Landstar System, Inc. (NASDAQ:LSTR) by 31.8% during the third quarter, according to the company's disclosure with the Securities & Exchange Commission. The institutional investor now owns 964,297 shares of the transportation company's stock, worth $118,184,000.

Why it matters

Landstar System is a major transportation and logistics company, and changes in its major institutional investors can signal shifts in market sentiment and expectations around the company's performance.

The details

First Trust Advisors LP, an investment management firm, increased its stake in Landstar System by adding 232,682 shares during the third quarter. This brings the firm's total ownership in Landstar to 964,297 shares, or 2.81% of the company's outstanding stock.

  • The increase in First Trust Advisors' stake occurred during the third quarter of the year.

The players

First Trust Advisors LP

An investment management firm that has increased its stake in Landstar System, Inc.

Landstar System, Inc.

A transportation and logistics company traded on the NASDAQ exchange under the ticker symbol LSTR.

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The takeaway

The increased stake by a major institutional investor like First Trust Advisors suggests confidence in Landstar System's future performance and growth potential within the transportation and logistics industry.