Landstar System, Inc. (LSTR) to Issue Annual Dividend of $2.00 on January 21st

Landstar System, Inc. (NASDAQ:LSTR) declared an annual dividend on Wednesday, December 3rd. Shareholders of record on Tuesday, January 6th will be paid a dividend of 2.00 per share by the transportation company on Wednesday, January 21st. This represents a yield of 142.0%. The ex-dividend date is Tuesday, January 6th.

Landstar System has increased its dividend by an average of 0.3%annually over the last three years and has increased its dividend every year for the last 10 years. Landstar System has a dividend payout ratio of 25.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Landstar System to earn $7.35 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 21.8%.

Landstar System Trading Up 1.3%

LSTR stock opened at $140.68 on Friday. The company has a market capitalization of $4.83 billion, a PE ratio of 35.89 and a beta of 0.85. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.01 and a current ratio of 2.01. Landstar System has a one year low of $119.32 and a one year high of $190.69. The company’s 50 day moving average price is $128.08 and its two-hundred day moving average price is $132.79.

Landstar System (NASDAQ:LSTR) last released its earnings results on Tuesday, October 28th. The transportation company reported $1.22 EPS for the quarter, missing the consensus estimate of $1.24 by ($0.02). The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.21 billion. Landstar System had a net margin of 2.87% and a return on equity of 17.24%. Landstar System’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the prior year, the business posted $1.41 EPS. As a group, analysts predict that Landstar System will post 6.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Landstar System

A number of large investors have recently made changes to their positions in the business. Cetera Investment Advisers raised its holdings in shares of Landstar System by 7.7% during the first quarter. Cetera Investment Advisers now owns 7,374 shares of the transportation company’s stock valued at $1,108,000 after acquiring an additional 527 shares in the last quarter. XTX Topco Ltd purchased a new position in Landstar System during the 1st quarter valued at $555,000. US Bancorp DE raised its holdings in Landstar System by 5.0% in the 1st quarter. US Bancorp DE now owns 5,158 shares of the transportation company’s stock worth $775,000 after purchasing an additional 246 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Landstar System by 47.8% in the 1st quarter. Deutsche Bank AG now owns 4,551 shares of the transportation company’s stock worth $684,000 after purchasing an additional 1,472 shares during the period. Finally, Zions Bancorporation National Association UT bought a new stake in shares of Landstar System during the 1st quarter valued at about $1,395,000. 97.95% of the stock is currently owned by institutional investors.

Landstar System Company Profile

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 services.