Boston Trust Walden Corp Sells 5,664 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Boston Trust Walden Corp decreased its holdings in Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 2.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 229,208 shares of the transportation company's stock after selling 5,664 shares during the period. Boston Trust Walden Corp owned about 0.64% of Landstar System worth $43,291,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Envestnet Portfolio Solutions Inc. increased its stake in Landstar System by 2.9% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 2,008 shares of the transportation company's stock valued at $387,000 after buying an additional 57 shares during the period. GAMMA Investing LLC increased its stake in shares of Landstar System by 14.1% in the third quarter. GAMMA Investing LLC now owns 568 shares of the transportation company's stock worth $107,000 after acquiring an additional 70 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Landstar System by 13.8% during the first quarter. EverSource Wealth Advisors LLC now owns 595 shares of the transportation company's stock worth $115,000 after acquiring an additional 72 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted 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 valued at $26,000 after purchasing an additional 74 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in Landstar System by 2.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 2,974 shares of the transportation company's stock valued at $549,000 after purchasing an additional 74 shares during the last quarter. 97.95% of the stock is owned by hedge funds and other institutional investors.

Landstar System Stock Performance

Shares of NASDAQ LSTR traded up $0.96 during trading hours on Friday, hitting $179.15. 135,147 shares of the company's stock were exchanged, compared to its average volume of 258,647. The company's 50-day moving average price is $183.80 and its 200-day moving average price is $182.40. Landstar System, Inc. has a 1-year low of $161.13 and a 1-year high of $201.40. The stock has a market capitalization of $6.41 billion, a price-to-earnings ratio of 27.56 and a beta of 0.80. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.17 and a quick ratio of 2.17.

Landstar System (NASDAQ:LSTR - Get Free Report) last announced its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.02. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.25 billion. Landstar System had a net margin of 4.49% and a return on equity of 21.69%. Landstar System's quarterly revenue was down 10.8% on a year-over-year basis. During the same quarter last year, the company posted $1.85 earnings per share. On average, sell-side analysts expect that Landstar System, Inc. will post 5.84 earnings per share for the current fiscal year.

Landstar System Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 20th were issued a dividend of $0.36 per share. This is an increase from Landstar System's previous quarterly dividend of $0.33. The ex-dividend date was Tuesday, August 20th. This represents a $1.44 annualized dividend and a dividend yield of 0.80%. Landstar System's payout ratio is presently 22.15%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Stifel Nicolaus dropped their target price on Landstar System from $164.00 to $160.00 and set a "hold" rating on the stock in a research report on Thursday, August 1st. JPMorgan Chase & Co. raised their price objective on shares of Landstar System from $182.00 to $188.00 and gave the company a "neutral" rating in a research report on Wednesday, July 31st. Morgan Stanley decreased their target price on shares of Landstar System from $147.00 to $145.00 and set an "equal weight" rating for the company in a research report on Monday, July 8th. Wolfe Research downgraded shares of Landstar System from an "outperform" rating to a "peer perform" rating in a report on Thursday, July 11th. Finally, Evercore ISI decreased their price objective on shares of Landstar System from $167.00 to $165.00 and set an "in-line" rating for the company in a report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, Landstar System currently has an average rating of "Hold" and an average target price of $177.25.

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.