Landstar System, Inc. (NASDAQ:LSTR) COO Joseph J. Beacom Sells 5,000 Shares

Landstar System, Inc. (NASDAQ:LSTR) COO Joseph J. Beacom sold 5,000 shares of Landstar System stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $117.23, for a total value of $586,150.00. Following the completion of the sale, the chief operating officer now directly owns 40,924 shares of the company’s stock, valued at approximately $4,797,520.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of NASDAQ:LSTR opened at $116.72 on Monday. The company has a market cap of $4.67 billion, a P/E ratio of 18.89, a P/E/G ratio of 1.66 and a beta of 1.30. The company has a quick ratio of 1.98, a current ratio of 2.01 and a debt-to-equity ratio of 0.08. Landstar System, Inc. has a 52 week low of $90.23 and a 52 week high of $120.23. The business has a fifty day simple moving average of $113.67 and a 200-day simple moving average of $109.25.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Tuesday, November 12th will be issued a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date is Monday, November 11th. Landstar System’s payout ratio is currently 11.97%.

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Landstar System by 9.5% in the second quarter. Vanguard Group Inc. now owns 4,134,514 shares of the transportation company’s stock valued at $446,485,000 after acquiring an additional 358,887 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Landstar System by 10.2% in the second quarter. Victory Capital Management Inc. now owns 2,292,725 shares of the transportation company’s stock valued at $247,592,000 after acquiring an additional 212,025 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Landstar System by 0.5% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 878,930 shares of the transportation company’s stock valued at $94,916,000 after acquiring an additional 4,737 shares during the last quarter. Schroder Investment Management Group boosted its holdings in Landstar System by 30.6% in the second quarter. Schroder Investment Management Group now owns 878,100 shares of the transportation company’s stock valued at $94,826,000 after acquiring an additional 205,900 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Landstar System by 27.4% in the second quarter. Bank of New York Mellon Corp now owns 684,082 shares of the transportation company’s stock valued at $73,874,000 after acquiring an additional 147,056 shares during the last quarter.

A number of equities research analysts have recently commented on the company. SunTrust Banks set a $110.00 price objective on Landstar System and gave the company a “hold” rating in a research report on Friday, July 26th. Credit Suisse Group set a $103.00 price objective on Landstar System and gave the company a “hold” rating in a research report on Sunday, September 15th. BidaskClub downgraded Landstar System from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Cowen reaffirmed a “hold” rating and issued a $119.00 price objective on shares of Landstar System in a research report on Thursday, July 25th. Finally, Stephens set a $129.00 price objective on Landstar System and gave the company a “buy” rating in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price 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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