Boston Trust Walden Corp Has $45.91 Million Stock Holdings in Landstar System, Inc. $LSTR

Boston Trust Walden Corp grew its holdings in Landstar System, Inc. (NASDAQ:LSTR) by 20.9% in the second quarter, HoldingsChannel reports. The institutional investor owned 330,218 shares of the transportation company’s stock after acquiring an additional 56,998 shares during the period. Boston Trust Walden Corp’s holdings in Landstar System were worth $45,907,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Envestnet Portfolio Solutions Inc. raised its stake in shares of Landstar System by 100.5% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 6,495 shares of the transportation company’s stock valued at $903,000 after buying an additional 3,255 shares in the last quarter. CWM LLC raised its stake in shares of Landstar System by 24.4% in the 2nd quarter. CWM LLC now owns 1,285 shares of the transportation company’s stock valued at $179,000 after buying an additional 252 shares in the last quarter. Inspire Investing LLC increased its position in shares of Landstar System by 22.2% during the 2nd quarter. Inspire Investing LLC now owns 2,804 shares of the transportation company’s stock worth $390,000 after purchasing an additional 510 shares in the last quarter. Callan Family Office LLC increased its position in shares of Landstar System by 1,018.5% during the 2nd quarter. Callan Family Office LLC now owns 37,939 shares of the transportation company’s stock worth $5,274,000 after purchasing an additional 34,547 shares in the last quarter. Finally, KLP Kapitalforvaltning AS increased its position in shares of Landstar System by 4.3% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 7,300 shares of the transportation company’s stock worth $1,015,000 after purchasing an additional 300 shares in the last quarter. Institutional investors and hedge funds own 97.95% of the company’s stock.

Landstar System Stock Up 1.7%

Landstar System stock opened at $127.06 on Wednesday. The company’s 50 day simple moving average is $128.20 and its 200 day simple moving average is $135.11. Landstar System, Inc. has a fifty-two week low of $119.32 and a fifty-two week high of $196.86. The firm has a market capitalization of $4.40 billion, a price-to-earnings ratio of 26.64 and a beta of 0.82. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.00 and a quick ratio of 2.00.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.04. Landstar System had a net margin of 3.51% and a return on equity of 17.49%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter last year, the firm earned $1.48 EPS. Landstar System’s quarterly revenue was down 1.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Landstar System, Inc. will post 6.1 EPS for the current year.

Landstar System Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 9th. Shareholders of record on Tuesday, August 19th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.3%. The ex-dividend date was Tuesday, August 19th. Landstar System’s dividend payout ratio (DPR) is 33.54%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on LSTR. Wall Street Zen cut shares of Landstar System from a “hold” rating to a “sell” rating in a research report on Saturday. Evercore ISI dropped their target price on shares of Landstar System from $132.00 to $125.00 and set an “in-line” rating for the company in a research report on Tuesday, September 30th. Susquehanna set a $123.00 target price on shares of Landstar System and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. UBS Group dropped their target price on shares of Landstar System from $154.00 to $149.00 and set a “neutral” rating for the company in a research report on Wednesday, July 30th. Finally, Stifel Nicolaus decreased their price objective on shares of Landstar System from $131.00 to $130.00 and set a “hold” rating on the stock in a report on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $142.36.

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.