Thrivent Financial For Lutherans raised its position in Landstar System, Inc. (NASDAQ:LSTR) by 7.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,460 shares of the transportation company’s stock after buying an additional 610 shares during the quarter. Thrivent Financial For Lutherans’ holdings in Landstar System were worth $724,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Crawford Investment Counsel Inc. raised its stake in shares of Landstar System by 8.5% during the 2nd quarter. Crawford Investment Counsel Inc. now owns 42,028 shares of the transportation company’s stock valued at $3,598,000 after purchasing an additional 3,280 shares during the period. Chicago Equity Partners LLC raised its stake in shares of Landstar System by 22.7% during the 2nd quarter. Chicago Equity Partners LLC now owns 48,790 shares of the transportation company’s stock valued at $4,176,000 after purchasing an additional 9,020 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Landstar System by 4.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 551,235 shares of the transportation company’s stock valued at $47,184,000 after purchasing an additional 22,334 shares during the period. Great Lakes Advisors LLC raised its stake in shares of Landstar System by 22.8% during the 2nd quarter. Great Lakes Advisors LLC now owns 25,085 shares of the transportation company’s stock valued at $2,147,000 after purchasing an additional 4,655 shares during the period. Finally, Oxford Asset Management bought a new stake in shares of Landstar System during the 1st quarter valued at $374,000. Hedge funds and other institutional investors own 96.99% of the company’s stock.
Landstar System, Inc. (NASDAQ LSTR) opened at 99.60 on Thursday. Landstar System, Inc. has a 52-week low of $65.05 and a 52-week high of $101.75. The company’s 50-day moving average price is $94.96 and its 200 day moving average price is $87.44. The stock has a market capitalization of $4.18 billion, a PE ratio of 28.77 and a beta of 0.76.
Landstar System (NASDAQ:LSTR) last posted its quarterly earnings results on Wednesday, July 26th. The transportation company reported $0.89 EPS for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.01. The business had revenue of $870.34 million for the quarter, compared to analysts’ expectations of $859.30 million. Landstar System had a return on equity of 26.11% and a net margin of 4.37%. The business’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period last year, the firm earned $0.76 earnings per share. Equities analysts forecast that Landstar System, Inc. will post $3.60 EPS for the current fiscal year.
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LSTR has been the topic of a number of analyst reports. Zacks Investment Research upgraded Landstar System from a “hold” rating to a “buy” rating and set a $98.00 price objective on the stock in a research note on Thursday, July 6th. Cowen and Company reiterated a “hold” rating and set a $86.00 price objective on shares of Landstar System in a research note on Monday, August 28th. KeyCorp reiterated a “buy” rating and set a $110.00 price objective on shares of Landstar System in a research note on Tuesday, October 3rd. Morgan Stanley boosted their price objective on Landstar System from $68.00 to $73.00 and gave the company an “underweight” rating in a research note on Thursday, October 5th. Finally, Deutsche Bank AG lowered Landstar System from a “buy” rating to a “hold” rating and decreased their price objective for the company from $97.00 to $87.00 in a research note on Monday, July 31st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $93.10.
About Landstar System
Landstar System, Inc (Landstar) is an asset-light provider of integrated transportation management solutions. The Company offers services to its customers across multiple transportation modes, with the ability to arrange for individual shipments of freight to enterprise solutions to manage customer’s transportation needs.
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