Boston Trust Walden Corp Has $40 Million Holdings in Landstar System, Inc. $LSTR

Boston Trust Walden Corp decreased its position in shares of Landstar System, Inc. (NASDAQ:LSTR) by 1.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 326,370 shares of the transportation company’s stock after selling 3,848 shares during the quarter. Boston Trust Walden Corp owned approximately 0.94% of Landstar System worth $40,000,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. MAI Capital Management raised its position in Landstar System by 79.3% in the second quarter. MAI Capital Management now owns 242 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 107 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Landstar System by 132.7% in the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the transportation company’s stock valued at $37,000 after buying an additional 142 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Landstar System by 118.8% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 280 shares of the transportation company’s stock valued at $39,000 after buying an additional 152 shares during the last quarter. Hantz Financial Services Inc. boosted its position in Landstar System by 7,650.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 310 shares of the transportation company’s stock worth $43,000 after buying an additional 306 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in Landstar System by 126.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 315 shares of the transportation company’s stock worth $44,000 after buying an additional 176 shares during the period. Institutional investors own 97.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on LSTR. Morgan Stanley upped their price target on shares of Landstar System from $133.00 to $135.00 and gave the company an “equal weight” rating in a research report on Monday, December 8th. Stifel Nicolaus boosted their price objective on shares of Landstar System from $127.00 to $140.00 and gave the stock a “hold” rating in a research note on Tuesday, December 16th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Landstar System in a research report on Monday, December 22nd. JPMorgan Chase & Co. cut their target price on Landstar System from $138.00 to $134.00 and set a “neutral” rating on the stock in a report on Wednesday, October 29th. Finally, Susquehanna decreased their price target on Landstar System from $121.00 to $110.00 and set a “neutral” rating for the company in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $136.58.

Landstar System Stock Performance

Shares of LSTR opened at $146.28 on Tuesday. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.05. The firm’s fifty day simple moving average is $133.46 and its two-hundred day simple moving average is $132.93. Landstar System, Inc. has a 12 month low of $119.32 and a 12 month high of $179.74. The stock has a market capitalization of $5.02 billion, a P/E ratio of 37.32 and a beta of 0.85.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings data on Tuesday, October 28th. The transportation company reported $1.22 earnings per share for the quarter, missing the consensus estimate of $1.24 by ($0.02). The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.21 billion. Landstar System had a return on equity of 17.24% and a net margin of 2.87%.The business’s revenue was down .7% on a year-over-year basis. During the same period last year, the business posted $1.41 earnings per share. As a group, analysts predict that Landstar System, Inc. will post 6.1 EPS for the current year.

Landstar System Dividend Announcement

The firm also recently declared an annual dividend, which will be paid on Wednesday, January 21st. Shareholders of record on Tuesday, January 6th will be paid a $2.00 dividend. The ex-dividend date of this dividend is Tuesday, January 6th. This represents a yield of 142.0%. Landstar System’s payout ratio is 40.82%.

Landstar System Profile

Landstar System, Inc provides integrated transportation management solutions through a network of independent agents and third-party capacity providers. The company specializes in truckload brokerage, intermodal, air and ocean freight, expedited and heavy-haul services, along with value-added offerings such as cargo insurance, customs brokerage and supply chain management. Landstar’s proprietary technology platform enables real-time load matching, shipment tracking and data analytics to optimize fleet utilization and improve customer service.

Founded in 1968 and headquartered in Jacksonville, Florida, Landstar pioneered an asset-light brokerage model that has evolved into a global logistics operation.