Morgan Stanley Amends Landstar System Inc. Stake (SC 13G/A)
Ticker: LSTR · Form: SC 13G/A · Filed: 2024-02-08T00:00:00.000Z
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.
From the Filing
EDGAR Filing Documents for 0000895421-24-000061 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0000895421-24-000061 Filing Date 2024-02-08 Accepted 2024-02-08 12:51:02 Documents 1 Document Format Files Seq Description Document Type Size 1 MS AMENDMENT LandstarSystemsLSTR.txt SC 13G/A 15749 Complete submission text file 0000895421-24-000061.txt 17606 Mailing Address LANDSTAR SYSTEM INC 13410 SUTTON PARK DRIVE SOUTH JACKSONVILLE FL 32224 Business Address 13410 SUTTON PARK DRIVE SOUTH JACKSONVILLE FL 32224 9043989400 LANDSTAR SYSTEM INC (Subject) CIK : 0000853816 (see all company filings) EIN. : 061313069 | State of Incorp.: DE | Fiscal Year End: 1228 Type: SC 13G/A | Act: 34 | File No.: 005-43119 | Film No.: 24607993 SIC : 4213 Trucking (No Local) (CF Office: 01 Energy & Transportation) Mailing Address 1585 BROADWAY NEW YORK NY 10036 Business Address 1585 BROADWAY NEW YORK NY 10036 212-761-4000 MORGAN STANLEY (Filed by) CIK : 0000895421 (see all company filings) EIN. : 363145972 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance)