Thrivent Financial for Lutherans Grows Position in Landstar System, Inc. (NASDAQ:LSTR)

Thrivent Financial for Lutherans lifted its position in Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 3,775.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 334,853 shares of the transportation company's stock after purchasing an additional 326,212 shares during the quarter. Thrivent Financial for Lutherans owned about 0.95% of Landstar System worth $63,243,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV increased its position in Landstar System by 108.8% during the second quarter. Massmutual Trust Co. FSB ADV now owns 142 shares of the transportation company's stock worth $26,000 after purchasing an additional 74 shares during the last quarter. Quest Partners LLC purchased a new position in Landstar System during the second quarter worth about $73,000. Mather Group LLC. boosted its stake in Landstar System by 183.5% during the second quarter. Mather Group LLC. now owns 394 shares of the transportation company's stock worth $76,000 after buying an additional 255 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its stake in Landstar System by 431.3% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 441 shares of the transportation company's stock worth $83,000 after buying an additional 358 shares during the period. Finally, GAMMA Investing LLC boosted its stake in Landstar System by 58.1% during the second quarter. GAMMA Investing LLC now owns 498 shares of the transportation company's stock worth $92,000 after buying an additional 183 shares during the period. 97.95% of the stock is currently owned by institutional investors and hedge funds.

Landstar System Stock Performance

Shares of NASDAQ LSTR traded down $1.43 during midday trading on Tuesday, reaching $181.69. 42,468 shares of the company were exchanged, compared to its average volume of 255,360. The stock has a market cap of $6.42 billion, a P/E ratio of 31.18 and a beta of 0.81. Landstar System, Inc. has a 1 year low of $165.39 and a 1 year high of $201.40. The stock has a fifty day simple moving average of $184.01 and a 200 day simple moving average of $183.56. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.04.

Landstar System (NASDAQ:LSTR - Get Free Report) last released its earnings results on Tuesday, October 29th. The transportation company reported $1.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.45 by ($0.04). Landstar System had a net margin of 4.32% and a return on equity of 20.68%. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period in the previous year, the firm posted $1.71 EPS. The company's revenue for the quarter was down 5.8% on a year-over-year basis. On average, research analysts forecast that Landstar System, Inc. will post 5.57 earnings per share for the current fiscal year.

Landstar System Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.79%. Landstar System's dividend payout ratio (DPR) is 24.70%.

Insider Buying and Selling

In other Landstar System news, CFO James P. Todd sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $184.32, for a total transaction of $184,320.00. Following the transaction, the chief financial officer now owns 14,083 shares in the company, valued at approximately $2,595,778.56. The trade was a 6.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.75% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on LSTR shares. Stephens lowered their target price on shares of Landstar System from $190.00 to $180.00 and set an "equal weight" rating for the company in a research note on Wednesday, October 30th. Evercore ISI lowered their target price on shares of Landstar System from $165.00 to $160.00 and set an "in-line" rating for the company in a research note on Wednesday, October 30th. UBS Group raised their price objective on shares of Landstar System from $184.00 to $186.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. Stifel Nicolaus lowered their price objective on shares of Landstar System from $164.00 to $160.00 and set a "hold" rating for the company in a research note on Thursday, August 1st. Finally, TD Cowen lowered their price objective on shares of Landstar System from $176.00 to $174.00 and set a "hold" rating for the company in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $174.25.

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.