ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for smarter Trade smarter, not harder: Unleash your inner pro with our toolkit and live discussions.
Landstar System Inc

Landstar System Inc (LSTR)

182.89
-0.06
(-0.03%)
Closed June 12 4:00PM
182.89
0.00
( 0.00% )
Pre Market: 5:29AM

Real-time discussions and trading ideas: Trade with confidence with our powerful platform.

Key stats and details

Current Price
182.89
Bid
165.16
Ask
206.71
Volume
-
0.00 Day's Range 0.00
161.13 52 Week Range 208.62
Market Cap
Previous Close
182.89
Open
-
Last Trade
Last Trade Time
-
Financial Volume
-
VWAP
-
Average Volume (3m)
255,010
Shares Outstanding
35,716,673
Dividend Yield
0.72%
PE Ratio
24.71
Earnings Per Share (EPS)
7.4
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
1970
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 $182.89. Over the last year, Landstar System shares have traded in a share price range of $ 161.13 to $ 208.62.

Landstar System currently has 35,716,673 shares outstanding. The market capitalization of Landstar System is $6.53 billion. Landstar System has a price to earnings ratio (PE ratio) of 24.71.

Landstar System (LSTR) Options Flow Summary

Overall Flow

Bearish

Net Premium

-288k

Calls / Puts

50.00%

Buys / Sells

50.00%

OTM / ITM

100.00%

Sweeps Ratio

0.00%

LSTR Latest News

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
13.351.86587946976179.54186.81178.165194084182.62358031CS
4-2.08-1.12450667676184.97186.81175.55219727181.01610587CS
12-1.77-0.958518358063184.66193.25165.39255010180.11170098CS
260.90.49453266663181.99201.405165.39266840185.93221278CS
52-3.31-1.77765843179186.2208.62161.13242661185.06060513CS
15621.2113.1185056903161.68208.62137.15278837168.00608734CS
26079.8477.4769529355103.05208.6285.3288360149.26454818CS

Market Movers

View all
  • Most Active
  • % Gainers
  • % Losers
SymbolPriceVol.
NCINeo Concept International Group Holdings Ltd
$ 1.085
(66.26%)
8.39M
LGHLWLion Group Holding Ltd
$ 0.0098
(44.12%)
862.11k
DUOFangDD Network Group Ltd
$ 0.8193
(34.31%)
2.36M
MOLNMolecular Partners AG
$ 6.79
(17.07%)
185.54k
LGVNLongeveron Inc
$ 2.11
(16.57%)
1.95M
IONMAssure Holdings Corporation
$ 0.23
(-55.17%)
642.76k
PTPIPetros Pharmaceuticals Inc
$ 0.43
(-20.04%)
85.01k
CARACara Therapeutics Inc
$ 0.5434
(-20.03%)
3k
NAVINavient Corporation
$ 11.70
(-19.14%)
1
PRFXPainReform Ltd
$ 0.6299
(-16.80%)
30.83k
NCINeo Concept International Group Holdings Ltd
$ 1.085
(66.26%)
8.39M
TSLLDirexion Daily TSLA Bull 2X Trust ETF
$ 8.32
(10.20%)
2.88M
DUOFangDD Network Group Ltd
$ 0.8193
(34.31%)
2.36M
LGVNLongeveron Inc
$ 2.11
(16.57%)
1.95M
NVDANVIDIA Corporation
$ 127.60
(1.92%)
1.6M

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."

👍️0

Your Recent History

Delayed Upgrade Clock