Landstar System, Inc. (LSTR) to Issue Dividend Increase – $1.50 Per Share
Landstar System, Inc. (NASDAQ:LSTR) declared a special dividend on Wednesday, December 13th, RTT News reports. Investors of record on Friday, January 12th will be given a dividend of 1.50 per share by the transportation company on Friday, January 26th. This is a positive change from Landstar System’s previous special dividend of $1.00.
Landstar System (LSTR) traded up $0.50 during trading hours on Wednesday, reaching $104.50. 168,636 shares of the company were exchanged, compared to its average volume of 292,810. Landstar System has a 1-year low of $80.00 and a 1-year high of $107.60. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.12. The firm has a market cap of $4,358.15, a price-to-earnings ratio of 28.77, a PEG ratio of 2.09 and a beta of 0.81.
Landstar System (NASDAQ:LSTR) last posted its earnings results on Wednesday, October 25th. The transportation company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.05. Landstar System had a net margin of 4.36% and a return on equity of 25.53%. The business had revenue of $943.40 million for the quarter, compared to analyst estimates of $895.31 million. During the same period last year, the business posted $0.86 EPS. Landstar System’s revenue was up 19.7% compared to the same quarter last year. equities analysts anticipate that Landstar System will post 3.68 EPS for the current fiscal year.
In other news, VP Michael K. Kneller sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $99.00, for a total transaction of $990,000.00. Following the completion of the transaction, the vice president now directly owns 22,153 shares of the company’s stock, valued at approximately $2,193,147. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dr. Homaira Akbari sold 1,000 shares of the firm’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $98.30, for a total transaction of $98,300.00. Following the transaction, the director now directly owns 6,656 shares of the company’s stock, valued at $654,284.80. The disclosure for this sale can be found here. Insiders have sold a total of 40,805 shares of company stock valued at $4,028,128 over the last ninety days. 1.00% of the stock is owned by insiders.
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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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