News headlines about Landstar System (NASDAQ:LSTR) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Landstar System earned a news impact score of 0.18 on Accern’s scale. Accern also gave news headlines about the transportation company an impact score of 45.6926626073743 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
A number of equities research analysts have commented on the stock. BidaskClub cut shares of Landstar System from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 3rd. Zacks Investment Research cut shares of Landstar System from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Buckingham Research assumed coverage on shares of Landstar System in a research note on Friday, October 20th. They set a “neutral” rating and a $103.00 target price on the stock. Susquehanna Bancshares upgraded shares of Landstar System from a “neutral” rating to a “positive” rating and raised their target price for the stock from $109.00 to $124.00 in a research note on Monday, January 8th. Finally, Wells Fargo & Co raised 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. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. Landstar System has a consensus rating of “Hold” and an average target price of $101.33.
Shares of Landstar System (LSTR) opened at $110.60 on Monday. 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 fifty-two week low of $80.00 and a fifty-two week high of $110.65. The stock has a market cap of $4,641.44, a P/E ratio of 30.64, a price-to-earnings-growth ratio of 1.84 and a beta of 0.81.
Landstar System announced that its Board of Directors has initiated a share repurchase plan on Wednesday, December 13th that authorizes the company to buyback 1,960,000 shares. This buyback authorization authorizes the transportation company to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.
The business also recently disclosed a special dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, January 12th will be issued a dividend of $1.50 per share. This is a positive change from Landstar System’s previous special dividend of $1.00. This represents a yield of 0.39%. The ex-dividend date of this dividend is Thursday, January 11th. Landstar System’s dividend payout ratio (DPR) is 11.08%.
In related news, VP Michael K. Kneller sold 10,000 shares of the firm’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $99.00, for a total value of $990,000.00. Following the completion of the transaction, the vice president now directly owns 22,153 shares of the company’s stock, valued at $2,193,147. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO James B. Gattoni sold 15,000 shares of the firm’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $98.72, for a total transaction of $1,480,800.00. Following the completion of the transaction, the chief executive officer now directly owns 69,339 shares of the company’s stock, valued at $6,845,146.08. The disclosure for this sale can be found here. Over the last three months, insiders sold 40,805 shares of company stock valued at $4,028,128. 1.00% of the stock is currently owned by insiders.
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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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