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

Key Points

• Boston Trust Walden Corp increased its stake in Landstar System by 20.9%, owning 330,218 shares valued at approximately $45.91 million as of the latest SEC filing.
• Landstar System reported $1.20 earnings per share for its latest quarter, slightly exceeding analysts' estimates, despite facing a 1.1% decline in revenue year-over-year.
• The company declared a quarterly dividend of $0.40, which translates to an annualized yield of 1.3%, with a payout ratio of 33.54% as of the most recent report.

Boston Trust Walden Corp raised its stake in Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 20.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 330,218 shares of the transportation company's stock after buying an additional 56,998 shares during the quarter. Boston Trust Walden Corp owned 0.94% of Landstar System worth $45,907,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in LSTR. Farther Finance Advisors LLC grew its position in Landstar System by 42.9% in the first quarter. Farther Finance Advisors LLC now owns 1,884 shares of the transportation company's stock worth $283,000 after acquiring an additional 566 shares in the last quarter. SG Americas Securities LLC bought a new stake in Landstar System in the first quarter worth approximately $948,000. Fifth Third Bancorp grew its position in Landstar System by 10.1% in the first quarter. Fifth Third Bancorp now owns 1,231 shares of the transportation company's stock worth $185,000 after acquiring an additional 113 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Landstar System by 2.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,099 shares of the transportation company's stock worth $465,000 after acquiring an additional 85 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in Landstar System in the first quarter worth approximately $505,000. 97.95% of the stock is owned by institutional investors.

Landstar System Price Performance

Shares of Landstar System stock opened at $127.06 on Wednesday. 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, Inc. has a fifty-two week low of $119.32 and a fifty-two week high of $196.86. The firm has a fifty day moving average price of $128.20 and a two-hundred day moving average price of $135.11. The company has a market cap of $4.40 billion, a PE ratio of 26.64 and a beta of 0.82.

Landstar System (NASDAQ:LSTR - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.20 earnings per share for the quarter, beating analysts' consensus estimates of $1.16 by $0.04. Landstar System had a net margin of 3.51% and a return on equity of 17.49%. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the prior year, the firm earned $1.48 EPS. The business's revenue was down 1.1% on a year-over-year basis. Analysts expect that Landstar System, Inc. will post 6.1 EPS for the current year.

Landstar System Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 9th. Shareholders of record on Tuesday, August 19th were issued a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $1.60 dividend on an annualized basis and a yield of 1.3%. Landstar System's dividend payout ratio is 33.54%.

Analysts Set New Price Targets

LSTR has been the subject of several recent research reports. Weiss Ratings reissued a "sell (d+)" rating on shares of Landstar System in a research report on Wednesday, October 8th. Susquehanna set a $123.00 price objective on shares of Landstar System and gave the stock a "neutral" rating in a report on Wednesday, July 30th. TD Cowen decreased their price objective on shares of Landstar System from $141.00 to $135.00 and set a "hold" rating for the company in a report on Wednesday, July 30th. Evercore ISI decreased their price objective on shares of Landstar System from $132.00 to $125.00 and set an "in-line" rating for the company in a report on Tuesday, September 30th. Finally, Robert W. Baird initiated coverage on shares of Landstar System in a report on Tuesday, July 1st. They set an "outperform" rating and a $166.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average 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.

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