Media headlines about Landstar System (NASDAQ:LSTR) have been trending somewhat positive recently, according to Accern. Accern identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Landstar System earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave media coverage about the transportation company an impact score of 45.5700782769922 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Shares of Landstar System (LSTR) traded up $1.40 on Thursday, hitting $104.00. The stock had a trading volume of 290,802 shares, compared to its average volume of 293,291. The firm has a market cap of $4,284.71, a price-to-earnings ratio of 28.28, a price-to-earnings-growth ratio of 2.06 and a beta of 0.81. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.12. Landstar System has a one year low of $80.00 and a one year high of $104.80.

Landstar System (NASDAQ:LSTR) last issued its earnings results on Wednesday, October 25th. The transportation company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.96 by $0.05. The company had revenue of $943.40 million during the quarter, compared to analyst estimates of $895.31 million. Landstar System had a return on equity of 25.53% and a net margin of 4.36%. The business’s revenue was up 19.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.86 EPS. sell-side analysts forecast that Landstar System will post 3.68 EPS for the current 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 given 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 0.38%. Landstar System’s payout ratio is 11.08%.

A number of brokerages have weighed in on LSTR. BidaskClub upgraded Landstar System from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Buckingham Research began coverage on Landstar System in a research note on Friday, October 20th. They set a “neutral” rating and a $103.00 price objective for the company. Cowen restated a “hold” rating and set a $86.00 price objective on shares of Landstar System in a research note on Monday, August 28th. Zacks Investment Research upgraded Landstar System from a “hold” rating to a “buy” rating and set a $111.00 price objective for the company in a research note on Tuesday, October 10th. Finally, KeyCorp restated a “buy” rating and set a $110.00 price objective on shares of Landstar System in a research note on Tuesday, October 3rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $96.67.

In related news, VP Michael K. Kneller sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $99.00, for a total value of $990,000.00. Following the sale, the vice president now owns 22,153 shares of the company’s stock, valued at approximately $2,193,147. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Dr. Homaira Akbari sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $98.30, for a total value of $98,300.00. Following the completion of the sale, the director now directly owns 6,656 shares in the company, valued at approximately $654,284.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,805 shares of company stock valued at $4,028,128. Insiders own 1.00% of the company’s stock.

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Landstar System Company Profile

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.

Insider Buying and Selling by Quarter for Landstar System (NASDAQ:LSTR)

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