Boston Trust Walden Corp Increases Position in Landstar System, Inc. (NASDAQ:LSTR)

Boston Trust Walden Corp lifted its position in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 21.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 277,520 shares of the transportation company's stock after buying an additional 48,312 shares during the quarter. Boston Trust Walden Corp owned approximately 0.79% of Landstar System worth $47,695,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Trust Co. of Vermont purchased a new position in Landstar System during the fourth quarter worth $34,000. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of 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 valued at $83,000 after acquiring an additional 358 shares during the last quarter. GAMMA Investing LLC increased its position in Landstar System by 14.1% during the 3rd quarter. GAMMA Investing LLC now owns 568 shares of the transportation company's stock worth $107,000 after purchasing an additional 70 shares in the last quarter. TD Private Client Wealth LLC raised its stake in 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 purchasing an additional 158 shares during the last quarter. Finally, Huntington National Bank lifted its holdings in Landstar System by 11.5% in the 3rd quarter. Huntington National Bank now owns 924 shares of the transportation company's stock valued at $175,000 after purchasing an additional 95 shares in the last quarter. Institutional investors and hedge funds own 97.95% of the company's stock.

Landstar System Trading Down 1.1 %

LSTR stock traded down $1.75 during midday trading on Friday, reaching $159.41. 218,129 shares of the company's stock traded hands, compared to its average volume of 323,477. 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, Inc. has a fifty-two week low of $158.78 and a fifty-two week high of $196.86. The business has a 50-day moving average price of $175.16 and a two-hundred day moving average price of $181.37. The company has a market capitalization of $5.63 billion, a P/E ratio of 28.88 and a beta of 0.83.

Landstar System (NASDAQ:LSTR - Get Free Report) last issued its earnings results on Wednesday, January 29th. The transportation company reported $1.31 EPS for the quarter, missing analysts' consensus estimates of $1.35 by ($0.04). Landstar System had a net margin of 4.07% and a return on equity of 19.56%. Equities research analysts forecast that Landstar System, Inc. will post 6.42 EPS for the current fiscal year.

Landstar System Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date is Tuesday, February 18th. Landstar System's dividend payout ratio is presently 26.09%.

Analysts Set New Price Targets

LSTR has been the subject of a number of recent research reports. JPMorgan Chase & Co. lowered 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. Susquehanna reduced their target price on Landstar System from $165.00 to $160.00 and set a "neutral" rating on the stock in a research report on Friday, November 1st. Stifel Nicolaus lifted their price target on Landstar System from $164.00 to $169.00 and gave the company a "hold" rating in a report on Thursday, January 23rd. TD Cowen decreased their target price on shares of Landstar System from $176.00 to $174.00 and set a "hold" rating on the stock in a research report on Wednesday, October 30th. Finally, Raymond James lowered shares of Landstar System from an "outperform" rating to a "market perform" rating in a research report on Friday, November 15th. One analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $170.40.

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.