Boston Trust Walden Corp Boosts Holdings in Landstar System, Inc. (NASDAQ:LSTR)

Boston Trust Walden Corp lifted its stake in shares of Landstar System, Inc. (NASDAQ:LSTR) by 21.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 277,520 shares of the transportation company’s stock after purchasing an additional 48,312 shares during the period. Boston Trust Walden Corp owned about 0.79% of Landstar System worth $47,695,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Trust Co. of Vermont purchased a new position in shares of Landstar System in the fourth quarter worth about $34,000. Whittier Trust Co. of Nevada Inc. grew its position in shares of Landstar System by 431.3% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 441 shares of the transportation company’s stock valued at $83,000 after purchasing an additional 358 shares in the last quarter. GAMMA Investing LLC increased its holdings 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 valued at $107,000 after purchasing an additional 70 shares during the last quarter. TD Private Client Wealth LLC lifted its position in Landstar System by 27.9% during the third quarter. TD Private Client Wealth LLC now owns 725 shares of the transportation company’s stock worth $137,000 after buying an additional 158 shares in the last quarter. Finally, Huntington National Bank boosted its stake in Landstar System by 11.5% during the third quarter. Huntington National Bank now owns 924 shares of the transportation company’s stock worth $175,000 after buying an additional 95 shares during the last quarter. Institutional investors and hedge funds own 97.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. UBS Group lifted their price target on Landstar System from $184.00 to $186.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Stifel Nicolaus upped their price target on Landstar System from $164.00 to $169.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Evercore ISI reduced their price objective on shares of Landstar System from $165.00 to $160.00 and set an “in-line” rating on the stock in a report on Wednesday, October 30th. Raymond James lowered shares of Landstar System from an “outperform” rating to a “market perform” rating in a research note on Friday, November 15th. Finally, Stephens reduced their price target on shares of Landstar System from $190.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating and eleven have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, Landstar System has an average rating of “Hold” and an average target price of $170.40.

Landstar System Price Performance

Landstar System stock opened at $162.81 on Tuesday. The company’s 50 day moving average is $177.10 and its two-hundred day moving average is $181.94. The firm has a market cap of $5.75 billion, a PE ratio of 29.49 and a beta of 0.83. The company has a quick ratio of 2.21, a current ratio of 1.96 and a debt-to-equity ratio of 0.07. Landstar System, Inc. has a 52-week low of $159.87 and a 52-week high of $196.86.

Landstar System (NASDAQ:LSTR) last released its earnings results on Wednesday, January 29th. The transportation company reported $1.31 earnings per share (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%. On average, research analysts expect that Landstar System, Inc. will post 6.42 EPS for the current fiscal year.

Landstar System Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend is Tuesday, February 18th. Landstar System’s dividend payout ratio (DPR) is presently 26.09%.

Insider Buying and Selling at Landstar System

In other news, CFO James P. Todd sold 1,000 shares of Landstar System stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $184.32, for a total transaction of $184,320.00. Following the completion of the sale, the chief financial officer now directly owns 14,083 shares of the company’s stock, valued at approximately $2,595,778.56. The trade was a 6.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.75% of the company’s stock.

Landstar System Profile

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.