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

Thrivent Financial for Lutherans lifted its stake in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 0.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 336,773 shares of the transportation company's stock after purchasing an additional 1,920 shares during the quarter. Thrivent Financial for Lutherans owned about 0.95% of Landstar System worth $57,878,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in Landstar System during the 4th quarter worth $63,816,000. Corient Private Wealth LLC increased its stake 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 purchased a new position in Landstar System during the fourth quarter worth about $8,463,000. Boston Trust Walden Corp lifted its position in Landstar System by 21.1% in the fourth quarter. Boston Trust Walden Corp now owns 277,520 shares of the transportation company's stock valued at $47,695,000 after purchasing an additional 48,312 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in Landstar System by 509.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 55,048 shares of the transportation company's stock valued at $10,397,000 after purchasing an additional 46,014 shares in the last quarter. 97.95% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

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

Landstar System Price Performance

Shares of NASDAQ LSTR traded up $0.94 on Monday, hitting $150.02. The company's stock had a trading volume of 356,661 shares, compared to its average volume of 263,740. The stock has a 50 day moving average of $161.88 and a 200-day moving average of $174.70. The company has a market capitalization of $5.30 billion, a price-to-earnings ratio of 27.18 and a beta of 0.82. Landstar System, Inc. has a 12-month low of $144.13 and a 12-month high of $196.86. 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 - Get Free Report) last issued its quarterly earnings data 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%. As a group, research analysts predict that Landstar System, Inc. will post 6.1 EPS for the current year.

Landstar System Dividend Announcement

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. This represents a $1.44 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend was Tuesday, February 18th. Landstar System's payout ratio is 26.09%.

Landstar System Company 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.