Landstar System, Inc. (LSTR) COO Sells $964,027.60 in Stock
Landstar System, Inc. (NASDAQ:LSTR) COO Joseph J. Beacom sold 9,805 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $98.32, for a total value of $964,027.60. Following the completion of the transaction, the chief operating officer now owns 55,649 shares in the company, valued at approximately $5,471,409.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of Landstar System, Inc. (NASDAQ:LSTR) opened at $96.90 on Friday. Landstar System, Inc. has a 52 week low of $79.10 and a 52 week high of $102.55. The company has a quick ratio of 2.05, a current ratio of 1.96 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $4,066.51, a P/E ratio of 26.84, a P/E/G ratio of 1.95 and a beta of 0.80.
Landstar System (NASDAQ:LSTR) last issued its quarterly earnings results on Wednesday, October 25th. The transportation company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.05. Landstar System had a return on equity of 25.53% and a net margin of 4.36%. The company had revenue of $943.40 million for the quarter, compared to analyst estimates of $895.31 million. During the same quarter in the prior year, the company posted $0.86 EPS. The business’s revenue for the quarter was up 19.7% compared to the same quarter last year. equities analysts forecast that Landstar System, Inc. will post 3.68 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Tuesday, November 14th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date of this dividend is Monday, November 13th. Landstar System’s dividend payout ratio is presently 11.08%.
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Several equities analysts recently issued reports on LSTR shares. KeyCorp restated a “buy” rating and issued a $110.00 price target on shares of Landstar System in a research report on Tuesday, October 3rd. Stifel Nicolaus reiterated a “buy” rating and set a $95.00 target price on shares of Landstar System in a research report on Tuesday, September 12th. Zacks Investment Research upgraded Landstar System from a “hold” rating to a “buy” rating and set a $111.00 target price on the stock in a research report on Tuesday, October 10th. Deutsche Bank AG cut Landstar System from a “buy” rating to a “hold” rating and dropped their target price for the stock from $97.00 to $87.00 in a research report on Monday, July 31st. Finally, BidaskClub cut 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 issued 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 a consensus price target of $96.67.
Several institutional investors have recently modified their holdings of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Landstar System by 0.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,119 shares of the transportation company’s stock worth $524,000 after purchasing an additional 17 shares during the period. Capstone Asset Management Co. increased its holdings in shares of Landstar System by 0.4% during the 2nd quarter. Capstone Asset Management Co. now owns 4,531 shares of the transportation company’s stock worth $388,000 after buying an additional 20 shares during the last quarter. BB&T Corp increased its holdings in shares of Landstar System by 1.3% during the 2nd quarter. BB&T Corp now owns 3,033 shares of the transportation company’s stock worth $260,000 after buying an additional 39 shares during the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of Landstar System by 0.5% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 8,770 shares of the transportation company’s stock worth $751,000 after buying an additional 40 shares during the last quarter. Finally, IFP Advisors Inc increased its holdings in shares of Landstar System by 2.9% during the 2nd quarter. IFP Advisors Inc now owns 1,646 shares of the transportation company’s stock worth $141,000 after buying an additional 47 shares during the last quarter. 98.91% of the stock is currently owned by institutional investors.
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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