Morgan Stanley Amends Landstar System Inc. Stake (SC 13G/A)
Ticker: LSTR · Form: SC 13G/A · Filed: Feb 8, 2024 · CIK: 853816
| Field | Detail |
|---|---|
| Company | Landstar System INC (LSTR) |
| Form Type | SC 13G/A |
| Filed Date | Feb 8, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**Morgan Stanley updated its passive stake in Landstar System Inc. as of year-end 2023.**
AI Summary
Morgan Stanley filed an amended SC 13G/A on February 8, 2024, indicating their ownership of Landstar System Inc. common stock as of December 31, 2023. This is the ninth amendment to their filing, showing a continued, but potentially adjusted, passive investment in the trucking company. This matters to investors because it provides transparency into significant institutional holdings, which can influence stock stability and investor confidence in Landstar System Inc.
Why It Matters
This filing shows that a major financial institution, Morgan Stanley, continues to hold a significant, passive stake in Landstar System Inc., which can be a sign of institutional confidence.
Risk Assessment
Risk Level: low — This is a routine amendment filing by a large institution, indicating a passive investment, which generally poses low risk.
Analyst Insight
Investors should note that a major institution like Morgan Stanley continues to hold Landstar System Inc. stock, suggesting a long-term, passive investment perspective. This could be a positive signal for stability, but the filing itself doesn't indicate any new aggressive moves.
Key Players & Entities
- Morgan Stanley (company) — filer of the SC 13G/A, a security broker and dealer
- LANDSTAR SYSTEM INC (company) — the subject company whose common stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- February 8, 2024 (date) — the date the SC 13G/A was filed
Forward-Looking Statements
- Morgan Stanley will maintain a significant, passive stake in Landstar System Inc. throughout 2024. (Morgan Stanley) — medium confidence, target: December 31, 2024
FAQ
What type of filing is this and who filed it?
This is an SC 13G/A filing, which is an amendment to a Schedule 13G. It was filed by Morgan Stanley, a security broker and dealer.
Which company's stock is the subject of this filing?
The subject company is LANDSTAR SYSTEM INC, a trucking company with CIK 0000853816.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was December 31, 2023.
What is the CUSIP number for the securities mentioned in the filing?
The CUSIP number for the Common Stock of Landstar System Inc. is 515098101.
How many amendments has Morgan Stanley filed for this particular stake?
This filing is Amendment No. 9, indicating Morgan Stanley has filed nine amendments regarding their stake in Landstar System Inc.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 8, 2024 regarding LANDSTAR SYSTEM INC (LSTR).