Landstar System, Inc. (NASDAQ:LSTR) announced a quarterly dividend on Thursday, October 26th, Wall Street Journal reports. Stockholders of record on Tuesday, November 14th will be paid a dividend of 0.10 per share by the transportation company on Friday, December 8th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date is Monday, November 13th.
Shares of Landstar System (NASDAQ LSTR) traded up $0.40 during trading on Friday, hitting $96.90. 220,100 shares of the stock were exchanged, compared to its average volume of 299,263. Landstar System has a 12 month low of $79.10 and a 12 month high of $102.55. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.05 and a current ratio of 1.96. The company has a market cap of $4,049.70, a P/E ratio of 26.73, a PEG ratio of 1.95 and a beta of 0.80.
Landstar System (NASDAQ:LSTR) last released its quarterly earnings data on Wednesday, October 25th. The transportation company reported $1.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.05. The business had revenue of $943.40 million during the quarter, compared to analysts’ expectations of $895.31 million. Landstar System had a net margin of 4.36% and a return on equity of 25.53%. The firm’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.86 EPS. equities analysts predict that Landstar System will post 3.68 earnings per share for the current year.
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In related news, COO Joseph J. Beacom sold 9,805 shares of the stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $98.32, for a total transaction of $964,027.60. Following the transaction, the chief operating officer now directly owns 55,649 shares of the company’s stock, valued at $5,471,409.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Michael K. Kneller sold 10,000 shares of the stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $99.00, for a total transaction of $990,000.00. Following the transaction, the vice president now directly owns 22,153 shares in the company, valued at $2,193,147. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,805 shares of company stock worth $3,929,828. 1.00% of the stock is owned by insiders.
LSTR has been the subject of a number of research analyst reports. KeyCorp reiterated a “buy” rating and set a $110.00 price objective on shares of Landstar System in a research report on Tuesday, October 3rd. Stifel Nicolaus restated a “buy” rating and issued a $95.00 price target on shares of Landstar System in a research report on Tuesday, September 12th. Zacks Investment Research upgraded shares of Landstar System from a “hold” rating to a “buy” rating and set a $111.00 price target for the company in a research report on Tuesday, October 10th. Deutsche Bank AG cut shares of Landstar System from a “buy” rating to a “hold” rating and decreased their price target for the company from $97.00 to $87.00 in a research report on Monday, July 31st. Finally, BidaskClub cut shares of Landstar System from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. Landstar System currently has a consensus rating of “Hold” and an average price target of $96.67.
About Landstar System
Landstar System, Inc (Landstar) is an asset-light provider of integrated transportation management solutions. The Company offers services to its customers across multiple transportation modes, with the ability to arrange for individual shipments of freight to enterprise solutions to manage customer’s transportation needs.
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