Landstar System, Inc. (NASDAQ:LSTR) COO Joseph J. Beacom sold 9,805 shares of the stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $98.32, for a total transaction of $964,027.60. Following the transaction, the chief operating officer now directly owns 55,649 shares in the company, valued at $5,471,409.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Landstar System, Inc. (NASDAQ LSTR) traded up $0.40 during trading on Friday, hitting $96.90. 215,930 shares of the company’s stock were exchanged, compared to its average volume of 299,263. Landstar System, Inc. has a 12-month low of $79.10 and a 12-month high of $102.55. The company has a market capitalization of $4,060.00, a price-to-earnings ratio of 27.20, a price-to-earnings-growth ratio of 1.98 and a beta of 0.80. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.96 and a quick ratio of 2.05.

Landstar System (NASDAQ:LSTR) last announced its earnings results on Wednesday, October 25th. The transportation company reported $1.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.05. The company had revenue of $943.40 million during the quarter, compared to the consensus estimate of $895.31 million. Landstar System had a net margin of 4.36% and a return on equity of 25.53%. The firm’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.86 earnings per share. sell-side analysts forecast that Landstar System, Inc. will post 3.68 earnings per share for the current fiscal year.

The company also recently announced 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 of this dividend is Monday, November 13th. This represents a $0.40 annualized dividend and a dividend yield of 0.41%. Landstar System’s dividend payout ratio is currently 11.05%.

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Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Landstar System by 2.2% in the second quarter. Vanguard Group Inc. now owns 3,457,375 shares of the transportation company’s stock valued at $295,951,000 after purchasing an additional 74,458 shares during the last quarter. Atlanta Capital Management Co. L L C increased its holdings in Landstar System by 6.5% during the second quarter. Atlanta Capital Management Co. L L C now owns 2,430,445 shares of the transportation company’s stock worth $208,046,000 after buying an additional 147,478 shares during the last quarter. Royce & Associates LP increased its holdings in Landstar System by 0.5% during the second quarter. Royce & Associates LP now owns 1,355,610 shares of the transportation company’s stock worth $116,040,000 after buying an additional 7,100 shares during the last quarter. FMR LLC increased its holdings in Landstar System by 64.7% during the second quarter. FMR LLC now owns 1,209,985 shares of the transportation company’s stock worth $103,575,000 after buying an additional 475,220 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC increased its holdings in Landstar System by 8.4% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,172,077 shares of the transportation company’s stock worth $116,798,000 after buying an additional 90,630 shares during the last quarter. Institutional investors own 98.91% of the company’s stock.

Several research analysts recently issued reports on LSTR shares. Cowen and Company reissued a “hold” rating and set a $86.00 target price on shares of Landstar System in a research note on Monday, August 28th. KeyCorp reissued a “buy” rating and set a $110.00 target price on shares of Landstar System in a research note on Tuesday, October 3rd. Wells Fargo & Company increased their target price on shares of Landstar System from $83.00 to $98.00 and gave the stock a “market perform” rating in a research note on Friday, October 27th. Morgan Stanley increased their target price on shares of Landstar System from $68.00 to $73.00 and gave the stock an “underweight” rating in a research note on Thursday, October 5th. Finally, Deutsche Bank AG lowered shares of Landstar System from a “buy” rating to a “hold” rating and cut their target price for the stock from $97.00 to $87.00 in a research note on Monday, July 31st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. Landstar System presently has a consensus rating of “Hold” and a consensus price target of $96.67.

About Landstar System

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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