Landstar System, Inc. (LSTR) CFO Sells $495,000.00 in Stock
Landstar System, Inc. (NASDAQ:LSTR) CFO L Kevin Stout sold 5,000 shares of Landstar System stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $99.00, for a total value of $495,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Landstar System, Inc. (NASDAQ:LSTR) opened at $96.90 on Friday. The stock has a market capitalization of $4,049.70, a PE ratio of 26.73, a PEG ratio of 1.95 and a beta of 0.80. The company has a quick ratio of 2.05, a current ratio of 1.96 and a debt-to-equity ratio of 0.12. Landstar System, Inc. has a fifty-two week low of $79.10 and a fifty-two week high of $102.55.
Landstar System (NASDAQ:LSTR) last issued its quarterly earnings data on Wednesday, October 25th. The transportation company reported $1.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 return on equity of 25.53% and a net margin of 4.36%. The company’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.86 EPS. sell-side analysts expect that Landstar System, Inc. will post 3.68 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Tuesday, November 14th will be issued a $0.10 dividend. The ex-dividend date is Monday, November 13th. This represents a $0.40 annualized dividend and a dividend yield of 0.41%. Landstar System’s dividend payout ratio (DPR) is presently 11.08%.
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A number of analysts have commented on LSTR shares. Cowen and Company reaffirmed a “hold” rating and set a $86.00 price target on shares of Landstar System in a research report on Monday, August 28th. KeyCorp reaffirmed a “buy” rating and set a $110.00 price target on shares of Landstar System in a research report on Tuesday, October 3rd. Wells Fargo & Company lifted their price target on Landstar System from $83.00 to $98.00 and gave the stock a “market perform” rating in a research report on Friday, October 27th. Morgan Stanley lifted their price target on Landstar System from $68.00 to $73.00 and gave the stock an “underweight” rating in a research report on Thursday, October 5th. Finally, Deutsche Bank AG cut Landstar System from a “buy” rating to a “hold” rating and lowered their price target for the stock from $97.00 to $87.00 in a research report on Monday, July 31st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $96.67.
Hedge funds have recently modified their holdings of the company. Victory Capital Management Inc. acquired a new position in Landstar System in the 3rd quarter worth about $86,725,000. Janus Henderson Group PLC acquired a new position in Landstar System in the 2nd quarter worth about $57,249,000. FMR LLC raised its holdings in Landstar System by 64.7% in the 2nd quarter. FMR LLC now owns 1,209,985 shares of the transportation company’s stock worth $103,575,000 after purchasing an additional 475,220 shares during the period. Koch Industries Inc. acquired a new position in Landstar System in the 2nd quarter worth about $339,000. Finally, TimesSquare Capital Management LLC acquired a new position in Landstar System in the 3rd quarter worth about $22,780,000. 98.91% 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.
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