Landstar System, Inc. $LSTR Stock Sold by Boston Trust Walden Corp

Boston Trust Walden Corp decreased its position in shares of Landstar System, Inc. (NASDAQ:LSTR) by 5.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 241,911 shares of the transportation company’s stock after selling 13,514 shares during the period. Boston Trust Walden Corp’s holdings in Landstar System were worth $40,797,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in LSTR. Provenance Wealth Advisors LLC bought a new position in shares of Landstar System during the 3rd quarter valued at about $35,000. Next Level Wealth Planning LLC purchased a new position in shares of Landstar System during the 3rd quarter valued at about $121,000. Bridge City Capital LLC lifted its position in Landstar System by 33.3% in the 3rd quarter. Bridge City Capital LLC now owns 47,819 shares of the transportation company’s stock worth $8,064,000 after buying an additional 11,952 shares during the last quarter. Parcion Private Wealth LLC lifted its position in Landstar System by 13.4% in the 3rd quarter. Parcion Private Wealth LLC now owns 1,669 shares of the transportation company’s stock worth $281,000 after buying an additional 197 shares during the last quarter. Finally, Park Avenue Securities LLC lifted its position in Landstar System by 31.4% in the 3rd quarter. Park Avenue Securities LLC now owns 1,607 shares of the transportation company’s stock worth $271,000 after buying an additional 384 shares during the last quarter. Institutional investors own 97.95% of the company’s stock.

Landstar System Stock Performance

Landstar System stock opened at $151.25 on Thursday. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.07. The firm has a 50-day moving average of $168.14 and a 200-day moving average of $176.47. The firm has a market cap of $5.10 billion, a P/E ratio of 26.36 and a beta of 0.89. Landstar System, Inc. has a 1-year low of $121.11 and a 1-year high of $228.46.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings data on Tuesday, October 27th. The transportation company reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($0.25). The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Landstar System had a return on equity of 23.89% and a net margin of 3.03%. The company’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.22 EPS. Sell-side analysts expect that Landstar System, Inc. will post 5.75 EPS for the current year.

Landstar System Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 8th. Stockholders of record on Tuesday, November 17th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Tuesday, November 17th. Landstar System’s dividend payout ratio (DPR) is presently 37.29%.

Analyst Upgrades and Downgrades

LSTR has been the topic of a number of recent research reports. Wells Fargo & Company reduced their price target on shares of Landstar System from $225.00 to $215.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 28th. Raymond James Financial restated a “market perform” rating on shares of Landstar System in a report on Wednesday, October 28th. Wall Street Zen cut shares of Landstar System from a “buy” rating to a “hold” rating in a research note on Saturday, August 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Landstar System in a report on Friday, September 11th. Finally, Susquehanna reduced their target price on shares of Landstar System from $190.00 to $160.00 and set a “neutral” rating on the stock in a report on Monday. Four equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Landstar System presently has a consensus rating of “Hold” and an average target price of $182.33.

Insider Activity at Landstar System

In other news, CEO Frank A. Lonegro purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, October 30th. The shares were bought at an average cost of $142.92 per share, for a total transaction of $714,600.00. Following the completion of the transaction, the chief executive officer directly owned 28,110 shares of the company’s stock, valued at $4,017,481.20. This trade represents a 21.64% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.74% of the stock is currently owned by insiders.

About Landstar System

Landstar System, Inc (NASDAQ: LSTR) is an asset-light transportation and logistics company headquartered in Jacksonville, Florida. Through a network of independent owner-operators, agents and third-party capacity providers, the company arranges the movement of freight for commercial and industrial customers.

Landstar’s services include truckload transportation, specialized and heavy-haul freight, expedited and time-critical shipping, less-than-truckload transportation, intermodal services and logistics management.