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Landstar System Inc

Landstar System Inc (LSTR)

172.64
-1.37
(-0.79%)
Closed December 20 4:00PM
171.40
-1.24
( -0.72% )
Pre Market: 7:52AM

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Key stats and details

Current Price
171.40
Bid
171.01
Ask
186.88
Volume
958
0.00 Day's Range 0.00
165.39 52 Week Range 200.43
Market Cap
Previous Close
172.64
Open
-
Last Trade
1
@
172.64
Last Trade Time
08:00:02
Financial Volume
-
VWAP
-
Average Volume (3m)
264,400
Shares Outstanding
35,331,173
Dividend Yield
0.84%
PE Ratio
23.07
Earnings Per Share (EPS)
7.48
Revenue
5.3B
Net Profit
264.39M

About Landstar System Inc

Landstar System is an agent based asset-light third-party logistics provider focused on over-the-road truck transportation (92% of revenue). It also offers intermodal (3%) and global air and ocean forwarding (3%). The remainder of its revenue stems from warehousing services and premiums from insuran... Landstar System is an agent based asset-light third-party logistics provider focused on over-the-road truck transportation (92% of revenue). It also offers intermodal (3%) and global air and ocean forwarding (3%). The remainder of its revenue stems from warehousing services and premiums from insurance programs offered to captive owner-operators. Show more

Sector
Trucking, Except Local
Industry
Trucking, Except Local
Headquarters
Wilmington, Delaware, USA
Founded
-
Landstar System Inc is listed in the Trucking, Except Local sector of the NASDAQ with ticker LSTR. The last closing price for Landstar System was $172.64. Over the last year, Landstar System shares have traded in a share price range of $ 165.39 to $ 200.43.

Landstar System currently has 35,331,173 shares outstanding. The market capitalization of Landstar System is $6.10 billion. Landstar System has a price to earnings ratio (PE ratio) of 23.07.

LSTR Latest News

Landstar Announces Special Dividend

JACKSONVILLE, Fla., Dec. 10, 2024 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ-LSTR), a technology-enabled, asset-light provider of integrated transportation management solutions delivering...

Landstar Announces Enhancements to Leadership Team

JACKSONVILLE, Fla., Nov. 15, 2024 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ:LSTR) (“Landstar” or the “Company”), a technology-enabled, asset-light provider of integrated transportation...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
1-13.57-7.33632480943184.97186.76168511054175.74687506CS
4-11.28-6.1747317714182.68191.08168332770181.70723455CS
12-16.26-8.66460620271187.66196.86168264400183.05633047CS
26-11.26-6.16445855688182.66196.86168251558183.65161408CS
52-27.7-13.9126067303199.1200.43165.39257269184.41126147CS
1561.260.740566592218170.14208.62137.15273859171.24496948CS
26057.5250.5093080436113.88208.6285.3284834156.57605667CS

LSTR - Frequently Asked Questions (FAQ)

What is the current Landstar System share price?
The current share price of Landstar System is $ 171.40
How many Landstar System shares are in issue?
Landstar System has 35,331,173 shares in issue
What is the market cap of Landstar System?
The market capitalisation of Landstar System is USD 6.1B
What is the 1 year trading range for Landstar System share price?
Landstar System has traded in the range of $ 165.39 to $ 200.43 during the past year
What is the PE ratio of Landstar System?
The price to earnings ratio of Landstar System is 23.07
What is the cash to sales ratio of Landstar System?
The cash to sales ratio of Landstar System is 1.15
What is the reporting currency for Landstar System?
Landstar System reports financial results in USD
What is the latest annual turnover for Landstar System?
The latest annual turnover of Landstar System is USD 5.3B
What is the latest annual profit for Landstar System?
The latest annual profit of Landstar System is USD 264.39M
What is the registered address of Landstar System?
The registered address for Landstar System is CORPORATION TRUST CENTER, 1209 ORANGE ST, WILMINGTON, DELAWARE, 19801
What is the Landstar System website address?
The website address for Landstar System is www.landstar.com
Which industry sector does Landstar System operate in?
Landstar System operates in the TRUCKING, EXCEPT LOCAL sector

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LSTR Discussion

View Posts
TheFinalCD TheFinalCD 11 years ago

Landstar Agrees To Sell Supply Chain Companies For $87.0 Million Declares Special Dividend Increases Authorized Share Buyback







Print


Alert



Landstar System, Inc. (MM) (NASDAQ:LSTR)
Intraday Stock Chart

Today : Wednesday 11 December 2013
Click Here for more Landstar System, Inc. (MM) Charts.

JACKSONVILLE, Fla., Dec. 11, 2013 /PRNewswire/ -- (NASDAQ-LSTR) Landstar System, Inc., a worldwide, asset-light provider of integrated transportation management solutions delivering safe, specialized transportation logistics services, announced today that it has signed a definitive agreement to sell its Michigan-based supply chain subsidiaries ("LSCS") to XPO Logistics, Inc. ("XPO") for $87.0 million in cash.

The Landstar Board of Directors also has declared a special one-time dividend in the amount of $0.35 per share, payable on January 16, 2014, to shareholders of record on December 27, 2013, and has increased the number of shares of Landstar common stock the Company is authorized to purchase from time to time on the open market or otherwise to three million shares.

The transaction is anticipated to close late in the 2013 fourth quarter or early in the 2014 first quarter pending Hart-Scott-Rodino clearance and the satisfaction or waiver of certain other customary closing conditions. The purchase price is subject to customary post-closing adjustments. The sale is expected to result in an estimated after-tax gain on sale of approximately $32 million or approximately $0.71 per diluted share and is expected to generate approximately $50 million in additional cash to Landstar, after estimated working capital adjustments. For the 2012 fiscal year, LSCS generated earnings before interest, taxes, depreciation and amortization ("EBITDA") of $7.3 million.

Landstar's LSCS supply chain operations were created by Landstar's contemporaneous but separate acquisitions in 2009 of (i) Premier Logistics, Inc., which included National Logistics Management ("NLM") and Interactive Capacity Gateway LLC, and (ii) A3 Integration, LLC ("A3i"). After the closing of the sale of these companies to XPO, Landstar will maintain offices in the Southfield/Detroit area to continue its more than 25 year history of providing safe, reliable transportation services and capacity solutions to its automotive customers.

Commenting on the sale, Landstar Chairman, President and CEO Henry Gerkens said, "This transaction offers Landstar and its stockholders an excellent return on the two investments the Company made in 2009. Over the past four years, we have come to believe that LSCS is better suited for a company store type operation rather than Landstar's core agent-based model."

"Landstar's overall strategy and focus will continue to include growing our core business model by investing in technological solutions and businesses that support and expand our agent, customer and third party capacity provider base," said Gerkens.

Gerkens continued, "As a result of the sale, the operating results of the supply chain companies along with the gain on sale will be reported for financial statement purposes as a discontinued operation. For the thirty nine week periods ended September 28, 2013 and September 29, 2012, the supply chain companies generated revenue of $17.1 million and $17.1 million, respectively, and net income of $2.7 million and $2.1 million, respectively. I will provide more details on the transaction during our December 13, 2013 fourth quarter mid quarter update call."

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