Landstar System, Inc. (LSTR) to Issue Quarterly Dividend of $0.40 on March 11th

Landstar System, Inc. (NASDAQ:LSTR) declared a quarterly dividend on Wednesday, January 21st. Investors of record on Wednesday, February 18th will be paid a dividend of 0.40 per share by the transportation company on Wednesday, March 11th. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Wednesday, February 18th.

Landstar System has raised its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 10 years. Landstar System has a payout ratio of 25.2% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

Landstar System stock opened at $142.36 on Monday. Landstar System has a 52 week low of $119.32 and a 52 week high of $165.25. The company has a current ratio of 1.75, a quick ratio of 2.01 and a debt-to-equity ratio of 0.06. The stock has a market cap of $4.89 billion, a P/E ratio of 43.01 and a beta of 0.85. The stock has a 50 day moving average of $149.44 and a 200-day moving average of $136.15.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Evercore boosted their target price on shares of Landstar System from $125.00 to $151.00 and gave the stock an “in-line” rating in a research report on Monday, January 12th. UBS Group lowered their price objective on Landstar System from $149.00 to $147.00 and set a “neutral” rating for the company in a report on Wednesday, October 29th. Stifel Nicolaus upped their price objective on Landstar System from $140.00 to $147.00 and gave the company a “hold” rating in a research note on Wednesday, January 14th. JPMorgan Chase & Co. increased their target price on Landstar System from $134.00 to $162.00 and gave the stock a “neutral” rating in a report on Monday, January 12th. Finally, Morgan Stanley boosted their price target on Landstar System from $133.00 to $135.00 and gave the company an “equal weight” rating in a report on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Landstar System currently has a consensus rating of “Hold” and a consensus target price of $153.00.

Landstar System Company Profile

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.