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

Boston Trust Walden Corp trimmed its holdings in Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 1.5% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 273,220 shares of the transportation company's stock after selling 4,300 shares during the quarter. Boston Trust Walden Corp owned 0.78% of Landstar System worth $41,038,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. HM Payson & Co. bought a new stake in Landstar System during the 4th quarter valued at $26,000. Colonial Trust Co SC raised its holdings in Landstar System by 61.7% during the 4th quarter. Colonial Trust Co SC now owns 186 shares of the transportation company's stock valued at $32,000 after buying an additional 71 shares during the last quarter. Transce3nd LLC bought a new stake in Landstar System during the 4th quarter valued at $60,000. BOKF NA raised its holdings in Landstar System by 56.1% during the 4th quarter. BOKF NA now owns 348 shares of the transportation company's stock valued at $58,000 after buying an additional 125 shares during the last quarter. Finally, Versant Capital Management Inc raised its holdings in Landstar System by 151.0% during the 1st quarter. Versant Capital Management Inc now owns 517 shares of the transportation company's stock valued at $78,000 after buying an additional 311 shares during the last quarter. 97.95% of the stock is currently owned by institutional investors.

Landstar System Stock Performance

Shares of NASDAQ:LSTR traded up $3.11 during trading on Monday, hitting $139.92. The company's stock had a trading volume of 258,517 shares, compared to its average volume of 302,524. The company has a 50-day moving average of $138.23 and a 200-day moving average of $153.66. Landstar System, Inc. has a 12 month low of $128.99 and a 12 month high of $196.86. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.03 and a quick ratio of 2.03. The firm has a market cap of $4.89 billion, a price-to-earnings ratio of 27.71 and a beta of 0.89.

Landstar System (NASDAQ:LSTR - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The transportation company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.07). Landstar System had a return on equity of 18.23% and a net margin of 3.72%. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter last year, the company earned $1.32 EPS. Landstar System's revenue for the quarter was down 1.6% on a year-over-year basis. On average, sell-side analysts expect that Landstar System, Inc. will post 6.1 earnings per share for the current year.

Landstar System Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Thursday, June 5th will be paid a dividend of $0.40 per share. This is a boost from Landstar System's previous quarterly dividend of $0.36. The ex-dividend date is Thursday, June 5th. This represents a $1.60 dividend on an annualized basis and a yield of 1.14%. Landstar System's dividend payout ratio (DPR) is presently 31.68%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on LSTR shares. Wall Street Zen lowered shares of Landstar System from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. JPMorgan Chase & Co. reduced their price objective on shares of Landstar System from $177.00 to $147.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Truist Financial reduced their price objective on shares of Landstar System from $150.00 to $135.00 and set a "hold" rating on the stock in a research report on Thursday, April 24th. Benchmark reissued a "hold" rating on shares of Landstar System in a research report on Monday, April 14th. Finally, Barclays started coverage on shares of Landstar System in a research report on Monday, June 9th. They set an "equal weight" rating and a $145.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating and fourteen have given a hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $150.00.

Landstar System Company 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.