Landstar System, Inc. (NASDAQ:LSTR) Plans Quarterly Dividend of $0.19

Landstar System, Inc. (NASDAQ:LSTR) declared a quarterly dividend on Wednesday, October 23rd, Zacks reports. Investors of record on Tuesday, November 12th will be given a dividend of 0.185 per share by the transportation company on Friday, December 6th. This represents a $0.74 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend is Monday, November 11th.

NASDAQ LSTR opened at $116.72 on Friday. The company 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 business’s 50-day moving average price is $113.67 and its 200 day moving average price is $109.25. The company has a current ratio of 2.01, a quick ratio of 1.98 and a debt-to-equity ratio of 0.08. Landstar System has a twelve month low of $90.23 and a twelve month high of $120.23.

Landstar System (NASDAQ:LSTR) last issued its earnings results on Wednesday, October 23rd. The transportation company reported $1.35 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.09). The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.01 billion. Landstar System had a return on equity of 33.90% and a net margin of 5.76%. Landstar System’s revenue was down 15.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.63 EPS. Equities analysts predict that Landstar System will post 5.9 EPS for the current year.

In related news, COO Joseph J. Beacom sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $117.23, for a total value of $586,150.00. Following the sale, the chief operating officer now owns 40,924 shares of the company’s stock, valued at approximately $4,797,520.52. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Diana M. Murphy sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $117.96, for a total value of $825,720.00. Following the completion of the sale, the director now directly owns 31,969 shares in the company, valued at approximately $3,771,063.24. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

LSTR has been the subject of several research reports. SunTrust Banks set a $110.00 target price on Landstar System and gave the stock a “hold” rating in a research report on Friday, July 26th. Credit Suisse Group set a $103.00 target price on Landstar System and gave the stock a “hold” rating in a research report on Sunday, September 15th. Morgan Stanley decreased their target price on Landstar System from $91.00 to $90.00 and set an “underweight” rating for the company in a research report on Monday, October 7th. Stephens set a $129.00 target price on Landstar System and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Buckingham Research decreased their target price on Landstar System from $115.00 to $113.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $111.88.

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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Dividend History for Landstar System (NASDAQ:LSTR)

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