Key Points
- Landstar System CFO James Todd sold 1,200 shares on June 15 at an average price of $218.17, for a total of $261,804. After the sale, he still held 15,122 shares.
- The company recently reported better-than-expected quarterly results, posting EPS of $1.16 versus the $1.11 estimate and revenue of $1.17 billion, with revenue up 1.6% year over year.
- Landstar also approved a share buyback program and paid a quarterly dividend of $0.40 per share, though analysts currently rate the stock mostly Hold with a consensus target price of $183.00.
Landstar System, Inc. (NASDAQ:LSTR - Get Free Report) CFO James Todd sold 1,200 shares of the firm's stock in a transaction on Monday, June 15th. The stock was sold at an average price of $218.17, for a total value of $261,804.00. Following the sale, the chief financial officer directly owned 15,122 shares in the company, valued at $3,299,166.74. The trade was a 7.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Landstar System Stock Performance
Shares of Landstar System stock opened at $216.15 on Wednesday. The company has a market capitalization of $7.33 billion, a PE ratio of 59.71 and a beta of 0.88. Landstar System, Inc. has a 12 month low of $119.32 and a 12 month high of $228.46. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.05. The stock's fifty day simple moving average is $189.82 and its 200 day simple moving average is $163.95.
Landstar System (NASDAQ:LSTR - Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The transportation company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.11 by $0.05. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. Landstar System had a return on equity of 19.49% and a net margin of 2.62%.The firm's revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.95 EPS. On average, research analysts predict that Landstar System, Inc. will post 5.57 EPS for the current year.
Landstar System announced that its Board of Directors has approved a stock buyback program on Tuesday, April 28th that allows the company to buyback 1,115,195,000,000 outstanding shares. This buyback authorization allows the transportation company to buy up to 3.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company's management believes its stock is undervalued.
Landstar System Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Tuesday, May 19th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, May 19th. Landstar System's dividend payout ratio (DPR) is presently 44.20%.
Analyst Ratings Changes
Several analysts have issued reports on LSTR shares. Robert W. Baird set a $193.00 price target on Landstar System in a research note on Wednesday, April 29th. Weiss Ratings raised Landstar System from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday, April 29th. Morgan Stanley lifted their price target on Landstar System from $135.00 to $145.00 and gave the company an "equal weight" rating in a research note on Monday, May 11th. Evercore set a $181.00 price target on Landstar System in a research note on Wednesday, April 29th. Finally, UBS Group lifted their price target on Landstar System from $147.00 to $185.00 and gave the company a "neutral" rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, Landstar System presently has an average rating of "Hold" and a consensus target price of $183.00.
Check Out Our Latest Stock Analysis on LSTR
Hedge Funds Weigh In On Landstar System
Hedge funds have recently modified their holdings of the stock. Los Angeles Capital Management LLC bought a new position in shares of Landstar System in the 4th quarter valued at about $25,000. Global Retirement Partners LLC grew its holdings in shares of Landstar System by 320.0% in the 4th quarter. Global Retirement Partners LLC now owns 189 shares of the transportation company's stock valued at $27,000 after acquiring an additional 144 shares in the last quarter. Quarry LP bought a new position in shares of Landstar System in the 3rd quarter valued at about $25,000. Geneos Wealth Management Inc. grew its holdings in shares of Landstar System by 132.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the transportation company's stock valued at $37,000 after acquiring an additional 142 shares in the last quarter. Finally, Private Trust Co. NA grew its holdings in shares of Landstar System by 81.0% in the 4th quarter. Private Trust Co. NA now owns 277 shares of the transportation company's stock valued at $40,000 after acquiring an additional 124 shares in the last quarter. Institutional investors own 97.95% of the company's stock.
Landstar System Company Profile
(
Get Free Report)
Landstar System, Inc provides integrated transportation management solutions through a network of independent agents and third-party capacity providers. The company specializes in truckload brokerage, intermodal, air and ocean freight, expedited and heavy-haul services, along with value-added offerings such as cargo insurance, customs brokerage and supply chain management. Landstar's proprietary technology platform enables real-time load matching, shipment tracking and data analytics to optimize fleet utilization and improve customer service.
Founded in 1968 and headquartered in Jacksonville, Florida, Landstar pioneered an asset-light brokerage model that has evolved into a global logistics operation.
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