Landstar System, Inc. (NASDAQ:LSTR) COO Joseph J. Beacom sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $117.23, for a total transaction of $586,150.00. Following the completion of the transaction, the chief operating officer now directly owns 40,924 shares of the company’s stock, valued at $4,797,520.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Landstar System stock traded down $0.60 during trading on Friday, reaching $116.72. The company had a trading volume of 149,200 shares, compared to its average volume of 345,400. The firm’s 50-day simple moving average is $113.57 and its 200 day simple moving average is $109.23. Landstar System, Inc. has a 1-year low of $90.23 and a 1-year high of $120.23. The firm has a market capitalization of $4.67 billion, a PE ratio of 18.89, a price-to-earnings-growth ratio of 1.66 and a beta of 1.30. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.98 and a current ratio of 2.01.
Landstar System (NASDAQ:LSTR) last released its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $1.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.09). Landstar System had a net margin of 5.76% and a return on equity of 33.90%. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the business posted $1.63 EPS. Landstar System’s revenue was down 15.8% compared to the same quarter last year. Analysts anticipate that Landstar System, Inc. will post 5.9 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Tuesday, November 12th will be paid a $0.185 dividend. The ex-dividend date of this dividend is Monday, November 11th. This represents a $0.74 dividend on an annualized basis and a yield of 0.63%. Landstar System’s dividend payout ratio is currently 11.97%.
Several equities analysts recently commented on LSTR shares. Deutsche Bank set a $107.00 price objective on shares of Landstar System and gave the company a “hold” rating in a research report on Thursday, July 11th. SunTrust Banks set a $110.00 price objective on shares of Landstar System and gave the company a “hold” rating in a research report on Friday, July 26th. Stephens set a $129.00 price objective on shares of Landstar System and gave the company a “buy” rating in a research report on Friday, October 25th. Cowen reaffirmed a “hold” rating and issued a $119.00 price objective on shares of Landstar System in a research report on Thursday, July 25th. Finally, Morgan Stanley decreased their price objective on shares of Landstar System from $91.00 to $90.00 and set an “underweight” rating for the company in a research report on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $112.89.
Institutional investors have recently added to or reduced their stakes in the stock. Quest Capital Management Inc. ADV acquired a new stake in Landstar System in the 3rd quarter valued at $39,000. Advisory Services Network LLC grew its stake in Landstar System by 80.8% in the 2nd quarter. Advisory Services Network LLC now owns 508 shares of the transportation company’s stock valued at $55,000 after acquiring an additional 227 shares during the period. Steward Partners Investment Advisory LLC acquired a new stake in Landstar System in the 2nd quarter valued at $60,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Landstar System in the 2nd quarter valued at $82,000. Finally, Zions Bancorporation N.A. lifted its holdings in Landstar System by 6.4% in the 2nd quarter. Zions Bancorporation N.A. now owns 1,866 shares of the transportation company’s stock valued at $202,000 after purchasing an additional 113 shares in the last quarter.
About Landstar System
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 service providers.
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