Boston Trust Walden Corp Has $43.15 Million Holdings in Landstar System, Inc. $LSTR

Boston Trust Walden Corp lessened its stake in shares of Landstar System, Inc. (NASDAQ:LSTR) by 11.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 269,134 shares of the transportation company’s stock after selling 35,346 shares during the quarter. Boston Trust Walden Corp’s holdings in Landstar System were worth $43,145,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Integrated Wealth Concepts LLC increased its position in shares of Landstar System by 9.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 3,767 shares of the transportation company’s stock worth $566,000 after purchasing an additional 336 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Landstar System by 57.1% in the first quarter. Goldman Sachs Group Inc. now owns 138,009 shares of the transportation company’s stock valued at $20,729,000 after buying an additional 50,142 shares in the last quarter. Empowered Funds LLC grew its stake in Landstar System by 38.3% during the first quarter. Empowered Funds LLC now owns 4,687 shares of the transportation company’s stock worth $704,000 after buying an additional 1,298 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Landstar System by 13.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 142,341 shares of the transportation company’s stock worth $21,380,000 after buying an additional 16,698 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Landstar System by 132.7% during the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the transportation company’s stock worth $37,000 after buying an additional 142 shares in the last quarter. Institutional investors and hedge funds own 97.95% of the company’s stock.

Landstar System Stock Up 0.4%

Shares of LSTR opened at $208.21 on Friday. The business’s fifty day moving average price is $198.83 and its two-hundred day moving average price is $169.68. The firm has a market capitalization of $7.06 billion, a price-to-earnings ratio of 57.52 and a beta of 0.89. Landstar System, Inc. has a 52 week low of $119.32 and a 52 week high of $228.46. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.88 and a current ratio of 1.88.

Landstar System (NASDAQ:LSTR) last released its earnings results on Tuesday, April 28th. The transportation company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.05. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. Landstar System had a return on equity of 19.49% and a net margin of 2.62%.The firm’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.95 earnings per share. On average, analysts predict that Landstar System, Inc. will post 5.57 earnings per share for the current year.

Landstar System Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Tuesday, May 19th were given a dividend of $0.40 per share. The ex-dividend date was Tuesday, May 19th. This represents a $1.60 dividend on an annualized basis and a yield of 0.8%. Landstar System’s dividend payout ratio is presently 44.20%.

Landstar System announced that its Board of Directors has approved a stock repurchase plan on Tuesday, April 28th that allows the company to buyback 1,115,195,000,000 shares. This buyback authorization allows the transportation company to reacquire up to 3.3% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Susquehanna boosted their target price on Landstar System from $185.00 to $195.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Stifel Nicolaus lifted their price objective on Landstar System from $147.00 to $175.00 and gave the company a “hold” rating in a research report on Wednesday, April 29th. Truist Financial increased their target price on Landstar System from $145.00 to $190.00 and gave the stock a “hold” rating in a report on Wednesday, April 29th. UBS Group raised their target price on Landstar System from $147.00 to $185.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Finally, Weiss Ratings raised Landstar System from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, June 16th. Two research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $189.09.

Insider Activity

In related news, Director Diana M. Murphy sold 11,246 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $221.28, for a total transaction of $2,488,514.88. Following the completion of the sale, the director directly owned 18,853 shares of the company’s stock, valued at $4,171,791.84. The trade was a 37.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO James P. Todd sold 1,200 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $218.17, for a total transaction of $261,804.00. Following the completion of the transaction, the chief financial officer owned 15,122 shares in the company, valued at $3,299,166.74. This represents a 7.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.74% of the stock is currently owned by company insiders.

Landstar System Profile

Landstar System, Inc provides integrated transportation management solutions through a network of independent agents and third-party capacity providers. The company specializes in truckload brokerage, intermodal, air and ocean freight, expedited and heavy-haul services, along with value-added offerings such as cargo insurance, customs brokerage and supply chain management. Landstar’s proprietary technology platform enables real-time load matching, shipment tracking and data analytics to optimize fleet utilization and improve customer service.

Founded in 1968 and headquartered in Jacksonville, Florida, Landstar pioneered an asset-light brokerage model that has evolved into a global logistics operation.