Thrivent Financial for Lutherans Purchases 1,920 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Thrivent Financial for Lutherans raised its position in shares of Landstar System, Inc. (NASDAQ:LSTR) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 336,773 shares of the transportation company’s stock after acquiring an additional 1,920 shares during the period. Thrivent Financial for Lutherans’ holdings in Landstar System were worth $57,878,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in LSTR. Raymond James Financial Inc. bought a new stake in shares of Landstar System during the fourth quarter worth approximately $63,816,000. Corient Private Wealth LLC boosted its holdings in shares of Landstar System by 1,207.3% during the fourth quarter. Corient Private Wealth LLC now owns 293,899 shares of the transportation company’s stock worth $50,509,000 after acquiring an additional 271,417 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of Landstar System during the fourth quarter worth approximately $8,463,000. Boston Trust Walden Corp boosted its holdings in shares of Landstar System by 21.1% during the fourth quarter. Boston Trust Walden Corp now owns 277,520 shares of the transportation company’s stock worth $47,695,000 after acquiring an additional 48,312 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Landstar System by 509.3% during the third quarter. BNP Paribas Financial Markets now owns 55,048 shares of the transportation company’s stock worth $10,397,000 after acquiring an additional 46,014 shares during the period. Institutional investors own 97.95% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on LSTR shares. Truist Financial started coverage on Landstar System in a research note on Thursday, March 13th. They issued a “hold” rating and a $160.00 price target for the company. JPMorgan Chase & Co. cut their price target on Landstar System from $184.00 to $177.00 and set a “neutral” rating for the company in a research note on Thursday, January 30th. Benchmark reiterated a “hold” rating on shares of Landstar System in a research note on Friday, January 31st. Finally, Stifel Nicolaus boosted their price target on Landstar System from $164.00 to $169.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating and twelve have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $169.45.

Landstar System Stock Down 1.7 %

Shares of LSTR opened at $147.02 on Thursday. Landstar System, Inc. has a one year low of $145.00 and a one year high of $196.86. The company has a market cap of $5.19 billion, a P/E ratio of 26.63 and a beta of 0.82. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.96 and a quick ratio of 2.21. The firm has a 50 day simple moving average of $162.63 and a two-hundred day simple moving average of $175.25.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.04). Landstar System had a return on equity of 19.56% and a net margin of 4.07%. Research analysts forecast that Landstar System, Inc. will post 6.1 EPS for the current fiscal year.

Landstar System Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.36 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.44 annualized dividend and a dividend yield of 0.98%. Landstar System’s dividend payout ratio (DPR) is presently 26.09%.

Landstar System Profile

Landstar System, Inc provides integrated transportation management solutions in the United States, Canada, Mexico, and internationally. It operates through two segments: Transportation Logistics and Insurance. The Transportation Logistics segment offers a range of transportation services, including truckload and less-than-truckload transportation, rail intermodal, air cargo, ocean cargo, expedited ground and air delivery of time-critical freight, heavy-haul/specialized, U.S.-Canada and U.S.-Mexico cross-border, intra-Mexico, intra-Canada, project cargo, and customs brokerage, as well as offers transportation services to other transportation companies, such as third party logistics and less-than-truckload services.