Landstar System Inc. (NASDAQ:LSTR) VP Larry S. Thomas sold 5,280 shares of the stock in a transaction on Thursday, November 17th. The stock was sold at an average price of $80.57, for a total value of $425,409.60. Following the completion of the sale, the vice president now owns 28,371 shares of the company’s stock, valued at approximately $2,285,851.47. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Shares of Landstar System Inc. (NASDAQ:LSTR) traded up 0.396% during mid-day trading on Monday, reaching $81.622. 74,075 shares of the company’s stock traded hands. The stock has a market capitalization of $3.41 billion, a PE ratio of 25.571 and a beta of 0.69. The company’s 50-day moving average price is $71.43 and its 200-day moving average price is $68.83. Landstar System Inc. has a 12-month low of $53.03 and a 12-month high of $83.00.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings data on Wednesday, October 19th. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. The company earned $788 million during the quarter, compared to analysts’ expectations of $576.65 million. Landstar System had a net margin of 4.34% and a return on equity of 27.78%. The firm’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.90 earnings per share. Analysts anticipate that Landstar System Inc. will post $3.17 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Tuesday, November 8th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, November 4th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.44%. Landstar System’s dividend payout ratio is currently 11.29%.

Several research analysts have commented on LSTR shares. Zacks Investment Research raised shares of Landstar System from a “sell” rating to a “hold” rating in a report on Monday, September 5th. Stifel Nicolaus increased their price objective on shares of Landstar System from $67.00 to $70.00 and gave the company a “hold” rating in a report on Thursday, October 20th. Oppenheimer Holdings Inc. downgraded shares of Landstar System to an “outperform” rating in a report on Tuesday, August 2nd. Cowen and Company increased their price objective on shares of Landstar System from $67.00 to $70.00 and gave the company a “market perform” rating in a report on Thursday, October 20th. Finally, Citigroup Inc. downgraded shares of Landstar System to a “market perform” rating in a report on Tuesday, August 2nd. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. Landstar System has a consensus rating of “Hold” and a consensus price target of $66.22.

Several hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its stake in Landstar System by 1.2% in the third quarter. PNC Financial Services Group Inc. now owns 1,827 shares of the company’s stock worth $125,000 after buying an additional 21 shares in the last quarter. Hollencrest Securities LLC boosted its stake in Landstar System by 0.7% in the second quarter. Hollencrest Securities LLC now owns 4,062 shares of the company’s stock worth $279,000 after buying an additional 28 shares in the last quarter. Raymond James Trust N.A. boosted its stake in Landstar System by 1.0% in the third quarter. Raymond James Trust N.A. now owns 4,662 shares of the company’s stock worth $317,000 after buying an additional 48 shares in the last quarter. US Bancorp DE boosted its stake in Landstar System by 1.0% in the third quarter. US Bancorp DE now owns 5,841 shares of the company’s stock worth $398,000 after buying an additional 56 shares in the last quarter. Finally, State Treasurer State of Michigan boosted its stake in Landstar System by 0.6% in the second quarter. State Treasurer State of Michigan now owns 17,000 shares of the company’s stock worth $1,167,000 after buying an additional 100 shares in the last quarter. 98.24% of the stock is owned by institutional investors and hedge funds.

Landstar System Company Profile

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.

5 Day Chart for NASDAQ:LSTR

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