Dividend Coverage: $0.09 dividends will be a reality for Landstar System, Inc. (NASDAQ:LSTR)’s shareholders on Dec 2, 2016.

Dividend Coverage: $0.09 dividends will be a reality for Landstar System, Inc. (NASDAQ:LSTR)'s shareholders on Dec 2, 2016.

Landstar System, Inc. (NASDAQ:LSTR) is expected to pay $0.09 on Dec 2, 2016. The indicated annual dividend is $0.36. Shareholders owning the stock before Nov 4, 2016 will be eligible to receive the payout. Based on Landstar System, Inc.’s current price of $71.85, the dividend is 0.13%. This dividend’s record date is Nov 8, 2016 and the announcement date is Oct 20, 2016. The stock increased 0.98% or $0.7 on November 2, hitting $71.85. Landstar System, Inc. (NASDAQ:LSTR) has risen 11.79% since April 1, 2016 and is uptrending. It has outperformed by 10.58% the S&P500.

Landstar System, Inc. is an asset-light well-known provider of integrated transportation management solutions. The company has a market cap of $3.03 billion. The Firm offers services to its clients across multiple transportation modes, with the ability to arrange for individual shipments of freight to enterprise solutions to manage customer’s transportation needs. It has a 22.5 P/E ratio. It operates in two divisions: the Transportation Logistics segment and the Insurance segment.

Insitutional Activity: The institutional sentiment decreased to 1 in 2016 Q2. Its down 0.15, from 1.15 in 2016Q1. The ratio turned negative, as 24 funds sold all Landstar System, Inc. shares owned while 98 reduced positions. 31 funds bought stakes while 91 increased positions. They now own 42.87 million shares or 3.49% less from 44.42 million shares in 2016Q1.
Pnc Gru has 1,806 shares for 0% of their US portfolio. Prospector Prtn Ltd Com has 0.39% invested in the company for 33,500 shares. Nationwide Fund Advsrs holds 0.02% or 73,338 shares in its portfolio. Suntrust Banks has 10,193 shares for 0% of their US portfolio. Geode Capital Management Lc has invested 0.01% of its portfolio in Landstar System, Inc. (NASDAQ:LSTR). State Street, a Massachusetts-based fund reported 1.23M shares. Capital Global Investors owns 2.38 million shares or 0.06% of their US portfolio. Moreover, Clinton Gp has 0.04% invested in Landstar System, Inc. (NASDAQ:LSTR) for 14,143 shares. Eaton Vance Mngmt last reported 0.03% of its portfolio in the stock. Gam Hldgs Ag holds 0.03% or 27,078 shares in its portfolio. Blackrock Inv Management Lc last reported 0.01% of its portfolio in the stock. Ajo Limited Partnership holds 0.01% of its portfolio in Landstar System, Inc. (NASDAQ:LSTR) for 24,200 shares. Burney Communication holds 0.26% or 53,076 shares in its portfolio. Advantus Cap Mngmt holds 5,126 shares or 0.01% of its portfolio. Clarkston Capital Prtnrs Ltd Liability has 2.3% invested in the company for 644,739 shares.

Insider Transactions: Since August 1, 2016, the stock had 0 insider purchases, and 1 sale for $123,607 net activity. O’Malley Patrick J also sold $123,607 worth of Landstar System, Inc. (NASDAQ:LSTR) shares.

Landstar System, Inc. (NASDAQ:LSTR) Ratings Coverage

Out of 11 analysts covering Landstar System (NASDAQ:LSTR), 3 rate it a “Buy”, 2 “Sell”, while 6 “Hold”. This means 27% are positive. $82 is the highest target while $56 is the lowest. The $68.70 average target is -4.38% below today’s ($71.85) stock price. Landstar System has been the topic of 27 analyst reports since August 20, 2015 according to StockzIntelligence Inc. Credit Suisse maintained the shares of LSTR in a report on Wednesday, March 30 with “Neutral” rating. The rating was downgraded by BB&T Capital to “Hold” on Monday, December 14. The rating was downgraded by Macquarie Research on Wednesday, March 30 to “Underperform”. Oppenheimer maintained the shares of LSTR in a report on Monday, October 26 with “Outperform” rating. The firm has “Outperform” rating by Oppenheimer given on Friday, January 29. The stock of Landstar System, Inc. (NASDAQ:LSTR) has “Hold” rating given on Thursday, October 20 by Stifel Nicolaus. The stock of Landstar System, Inc. (NASDAQ:LSTR) has “Neutral” rating given on Friday, October 23 by Macquarie Research. RBC Capital Markets maintained the shares of LSTR in a report on Friday, October 23 with “Sector Perform” rating. On Thursday, March 31 the stock rating was downgraded by Stifel Nicolaus to “Hold”. The company was downgraded on Tuesday, February 23 by Morgan Stanley.

Another recent and important Landstar System, Inc. (NASDAQ:LSTR) news was published by Prnewswire.com which published an article titled: “Landstar System Reports Third Quarter Revenue Of $788 Million And Diluted …” on October 19, 2016.

LSTR Company Profile

Landstar System, Inc. (Landstar), incorporated on January 8, 1991, is an asset-light well-known provider of integrated transportation management solutions. The Firm offers services to its clients across multiple transportation modes, with the ability to arrange for individual shipments of freight to enterprise solutions to manage customer’s transportation needs. The Firm operates in two divisions: the Transportation Logistics segment and the Insurance segment. Landstar provides services throughout the United States and in Canada, and between the United States and Canada, Mexico and other countries around the world. The Company’s services are delivered through a network of independent commission sales agents and third-party capacity providers linked together by a series of technological applications, which are provided and coordinated by the Company. The Company’s third-party capacity providers consist of independent contractors providing truck capacity to the Company under exclusive lease arrangements, unrelated trucking companies who provide truck capacity to the Company under non-exclusive contractual arrangements (the Truck Brokerage Carriers), air cargo carriers, ocean cargo carriers and railroads. Through this network of agents and capacity providers linked together by Landstar’s information technology systems, Landstar operates an integrated transportation management solutions business.

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