Insider At Landstar System, Inc. (LSTR) Lowers Holdings With The Company

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Landstar System, Inc. (NASDAQ:LSTR), saw an insider with the company lower his exposure. Vice President, General Counsel, and Secretary Michael K. Kneller sold 821 shares at an average price of $64.46 per share. Following this transaction, Kneller has 20,263 shares directly invested in the company.

Landstar System, Inc. (NASDAQ:LSTR), A $2.91 billion market cap corporation,  is a non-asset based provider of freight transportation services and supply chain solutions that offers services to its customers across multiple transportation modes.

In addition, there are multiple hedge funds involved with the company. Royce & Associates, the hedge fund run by Chuck Royce, holds 2,457,440 shares worth about $145.5 million; Andrew Sandler‘s Sandler Capital Management has 327,200 shares worth around $19.4 million; while Scopus Asset Management, the hedge fund run by Alexander Mitchell like the others, showed no change in it’s holdings last quarter, and currently holds 327,191 shares worth approximately $19.3 million.

Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.

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