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

Thrivent Financial for Lutherans lifted its position in Landstar System, Inc. (NASDAQ:LSTR) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 336,773 shares of the transportation company’s stock after buying an additional 1,920 shares during the period. Thrivent Financial for Lutherans owned about 0.95% of Landstar System worth $57,878,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in LSTR. Golden State Wealth Management LLC bought a new stake in shares of Landstar System in the 4th quarter valued at $25,000. HM Payson & Co. bought a new stake in shares of Landstar System in the 4th quarter valued at $26,000. Trust Co. of Vermont bought a new stake in shares of Landstar System in the 4th quarter valued at $34,000. TD Private Client Wealth LLC increased its position in shares of Landstar System by 27.9% in the 3rd quarter. TD Private Client Wealth LLC now owns 725 shares of the transportation company’s stock valued at $137,000 after buying an additional 158 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in Landstar System by 225.5% during the 4th quarter. Jones Financial Companies Lllp now owns 895 shares of the transportation company’s stock worth $154,000 after purchasing an additional 620 shares in the last quarter. Institutional investors own 97.95% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on LSTR. Truist Financial began coverage on Landstar System in a report on Thursday, March 13th. They set a “hold” rating and a $160.00 target price for the company. Stifel Nicolaus increased their target price on Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Benchmark reiterated a “hold” rating on shares of Landstar System in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. lowered their target price on Landstar System from $184.00 to $177.00 and set a “neutral” rating for the company in a report on Thursday, January 30th. One research analyst has rated the stock with a sell rating and twelve have issued a hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $169.45.

Landstar System Price Performance

Shares of NASDAQ LSTR opened at $147.02 on Thursday. Landstar System, Inc. has a fifty-two week low of $145.00 and a fifty-two week high of $196.86. The stock has a market capitalization of $5.19 billion, a price-to-earnings ratio of 26.63 and a beta of 0.82. The business has a 50-day moving average of $162.63 and a 200-day moving average of $175.25. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.96 and a quick ratio of 2.21.

Landstar System (NASDAQ:LSTR) last issued its 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 net margin of 4.07% and a return on equity of 19.56%. As a group, sell-side analysts predict that Landstar System, Inc. will post 6.1 earnings per share for the current fiscal year.

Landstar System Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were paid a $0.36 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.44 annualized dividend and a yield of 0.98%. Landstar System’s dividend payout ratio (DPR) is currently 26.09%.

About Landstar System

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.