Recent Insider Transactions • Jun 09
Independent Non-Executive Chairman recently sold €2.2m worth of stock On the 5th of June, Diana Murphy sold around 11k shares on-market at roughly €192 per share. This transaction amounted to 37% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Diana's only on-market trade for the last 12 months. Aankondiging • Feb 25
Landstar System, Inc., Annual General Meeting, May 05, 2026 Landstar System, Inc., Annual General Meeting, May 05, 2026. Aankondiging • Feb 03
Landstar System, Inc. Appoints Terri Lewis as Chief Human Resources Officer, Effective February 23, 2026 Landstar System, Inc. has named Ms. Terri Lewis as Chief Human Resources Officer (CHRO), effective February 23, 2026. Lewis has over twenty-five years of human resources leadership experience in both the public and private sectors. Most recently, she served as Chief People Officer at One Call, a national provider of care coordination and ancillary services for the workers’ compensation industry. Lewis has held senior human resources leadership roles with organizations including Pontoon Solutions, PSS World Medical (now McKesson Corporation), CHEP USA (a unit of Brambles Limited), and the Plastics Division of General Electric. She holds a master’s degree in human resources management from the University of South Carolina and a bachelor’s degree in business management from Clemson University. As CHRO and a member of Landstar’s Executive Leadership Team, Lewis will be responsible for talent acquisition and retention, leadership effectiveness, learning and development, succession planning, organizational design, total rewards, employee relations, and human resources compliance. She will partner closely with executive leadership and the Landstar Board of Directors to advance a high-performance culture, strengthen Landstar’s employer brand, and ensure the company’s people strategy supports long-term growth and organizational effectiveness as a transportation leader. Aankondiging • Jan 29
Landstar System, Inc. Declares Quarterly Dividend, Payable on March 11, 2026 Landstar System, Inc. announced that its Board of Directors declared a quarterly dividend of $0.40 per share payable on March 11, 2026, to stockholders of record as of the close of business on February 18, 2026. Aankondiging • Dec 04
Landstar System, Inc. Declares Special One-Time Cash Dividend, Payable on January 21, 2026 Landstar System, Inc. announced that on December 3, 2025, its Board of Directors declared a special one-time cash dividend in the amount of $2.00 per share, payable on January 21, 2026 to stockholders of record as of the close of business on January 6, 2026. Aankondiging • Oct 31
Landstar System, Inc. Announces Board and Committee Appointments, Effective October 31, 2025 Landstar System, Inc. announced the addition of Barr Blanton and Melanie Housey Hart to its Board of Directors, effective October 31. Barr Blanton, 42, is a recognized leader in technology advisory and business transformation. He currently serves as chief executive officer and a member of the board of directors of Crosslake Technologies, a provider of technology diligence and advisory services to private equity firms and their portfolio companies. Before joining Crosslake in 2021, Blanton was a partner at McKinsey & Company, where he was managing partner for the Charlotte office and specialized in transformation and private equity practices. In this role, he advised Fortune 500 clients, private equity firms and their portfolio companies on corporate strategy and business innovation. Blanton serves on the board of MOXFIVE, a cybersecurity company specializing in incident response and forensics. He earned a Bachelor of Science from Wake Forest University and a Master of Business Administration from Duke University. Melanie Housey Hart, 52, brings extensive experience in financial management and strategic leadership. She currently serves as senior vice president, chief financial officer and treasurer at Pool Corporation, the world’s largest wholesale distributor of swimming pool and related outdoor living products with operations in North America, Europe and Australia. A Certified Public Accountant and NACD Directorship Certified, she spent 12 years at Ernst & Young in the assurance and advisory business services group prior to joining Pool Corporation in 2006. Hart previously served on the board of directors of Beacon Roofing Supply. She earned a Bachelor of Science in accounting from the University of New Orleans and completed the general management program at The Wharton School. The Board has appointed both Mr. Blanton and Ms. Hart to the Audit Committee, the Compensation Committee, the Corporate Governance, Nominating and Sustainability Committee, the Safety and Risk Committee and the Strategic Planning Committee, in each case effective immediately upon joining the Board. Aankondiging • Oct 29
Landstar System, Inc. Declares Quarterly Dividend, Payable on December 9, 2025 Landstar System, Inc. announced that its Board of Directors declared a quarterly dividend of $0.40 per share payable on December 9, 2025, to stockholders of record as of the close of business on November 18, 2025. Aankondiging • Oct 14
Landstar System, Inc. to Report Q3, 2025 Results on Oct 28, 2025 Landstar System, Inc. announced that they will report Q3, 2025 results After-Market on Oct 28, 2025 Aankondiging • Jul 31
Landstar System, Inc. announces Quarterly dividend, payable on September 09, 2025 Landstar System, Inc. announced Quarterly dividend of USD 0.4000 per share payable on September 09, 2025, ex-date on August 19, 2025 and record date on August 19, 2025. Aankondiging • Jul 15
Landstar System, Inc. to Report Q2, 2025 Results on Jul 29, 2025 Landstar System, Inc. announced that they will report Q2, 2025 results After-Market on Jul 29, 2025 Aankondiging • May 14
Landstar System, Inc. Declares Quarterly Dividend, Payable on June 24, 2025 Landstar System, Inc. announced on May 13, 2025 that its board of directors declared a quarterly dividend of $0.40 per share payable on June 24, 2025, to stockholders of record as of the close of business on June 5, 2025. Aankondiging • Apr 27
Landstar System, Inc. announced delayed 10-Q filing On 04/25/2025, Landstar System, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Aankondiging • Apr 07
Landstar System, Inc., Annual General Meeting, May 16, 2025 Landstar System, Inc., Annual General Meeting, May 16, 2025. Aankondiging • Apr 03
Landstar System, Inc. to Report Q1, 2025 Results on Apr 29, 2025 Landstar System, Inc. announced that they will report Q1, 2025 results at 4:00 PM, US Eastern Standard Time on Apr 29, 2025 Aankondiging • Jan 30
Landstar System, Inc. Declares Quarterly Dividend, Payable on March 11, 2025 Landstar System, Inc. announced that its Board of Directors declared a quarterly dividend of $0.36 per share, payable on March 11, 2025, to stockholders of record as of the close of business on February 18, 2025. Aankondiging • Dec 11
Landstar System, Inc. Announces Special Dividend, Payable on January 21, 2025 Landstar System, Inc. declared a special one-time cash dividend in the amount of $2.00 per share, payable on January 21, 2025, to stockholders of record as of the close of business on January 7, 2025. Recent Insider Transactions • Nov 07
Independent Director recently sold €1.6m worth of stock On the 4th of November, David Bannister sold around 10k shares on-market at roughly €162 per share. This transaction amounted to 29% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €4.7m more than they bought in the last 12 months. Declared Dividend • Nov 04
Dividend of US$0.36 announced Shareholders will receive a dividend of US$0.36. Ex-date: 19th November 2024 Payment date: 10th December 2024 Dividend yield will be 1.9%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (23% earnings payout ratio) and cash flows (43% cash payout ratio). The dividend has increased by an average of 29% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 49% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: US$1.41 (vs US$1.72 in 3Q 2023) Third quarter 2024 results: EPS: US$1.41 (down from US$1.72 in 3Q 2023). Revenue: US$1.22b (down 5.8% from 3Q 2023). Net income: US$50.0m (down 19% from 3Q 2023). Profit margin: 4.1% (down from 4.8% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Aankondiging • Oct 30
Landstar System, Inc. Declares a Quarterly Dividend, Payable on December 10, 2024 Landstar System, Inc. announced that its Board of Directors declared a quarterly dividend of $0.36 per share payable on December 10, 2024, to stockholders of record as of the close of business on November 19, 2024. Declared Dividend • Aug 05
Dividend of US$0.36 announced Shareholders will receive a dividend of US$0.36. Ex-date: 20th August 2024 Payment date: 10th September 2024 Dividend yield will be 1.8%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (22% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased by an average of 29% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 46% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 31
Second quarter 2024 earnings released: EPS: US$1.48 (vs US$1.85 in 2Q 2023) Second quarter 2024 results: EPS: US$1.48 (down from US$1.85 in 2Q 2023). Revenue: US$1.23b (down 11% from 2Q 2023). Net income: US$52.6m (down 21% from 2Q 2023). Profit margin: 4.3% (down from 4.8% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Aankondiging • Jul 31
Landstar System, Inc. Declares Quarterly Dividend, Payable on September 10, 2024 Landstar System, Inc. announced that its Board of Directors declared a quarterly dividend of $0.36 per share payable on September 10, 2024, to stockholders of record as of the close of business on August 20, 2024. This quarterly dividend includes a $0.03 per share increase, or 9%, over the amount of the Company’s regular quarterly dividend declared following each of the prior four quarters. Declared Dividend • Apr 29
Dividend of US$0.33 announced Shareholders will receive a dividend of US$0.33. Ex-date: 7th May 2024 Payment date: 24th May 2024 Dividend yield will be 1.8%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (20% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 32% per year over the past 9 years and payments have been stable during that time. EPS is expected to grow by 40% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Apr 26
Now 22% overvalued Over the last 90 days, the stock has fallen 7.8% to €166. The fair value is estimated to be €136, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 20% in the next 2 years. Reported Earnings • Apr 25
First quarter 2024 earnings released: EPS: US$1.32 (vs US$2.17 in 1Q 2023) First quarter 2024 results: EPS: US$1.32 (down from US$2.17 in 1Q 2023). Revenue: US$1.17b (down 18% from 1Q 2023). Net income: US$47.1m (down 40% from 1Q 2023). Profit margin: 4.0% (down from 5.4% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Aankondiging • Apr 25
Landstar System, Inc. Declares Quarterly Dividend, Payable on May 24, 2024 The Board of Directors of Landstar System, Inc. declared a quarterly dividend of $0.33 per share, payable on May 24, 2024, to stockholders of record as of the close of business on May 8, 2024. Aankondiging • Mar 19
Landstar System, Inc. Appoints Matt Dannegger as Chief Field Sales Officer and Jim Applegate as Chief Corporate Sales, Strategy and Specialized Freight Officer Landstar System, Inc. announced that two Landstar veterans have been promoted to lead Landstar’s sales organization as executive officers of the Company. Effective March 18, 2024, Matt Dannegger has been appointed Chief Field Sales Officer, and Jim Applegate has been appointed Chief Corporate Sales, Strategy and Specialized Freight Officer. In his role as Chief Field Sales Officer, Mr. Dannegger will be responsible for the recruiting and growth of Landstar’s independent sales agents. His focus will be to support the more than 1,000 independent agents in their business planning, sales and marketing efforts, cross-selling the full spectrum of Landstar services, and implementation of new tools and technologies to help unlock sales productivity. Mr. Dannegger has been with Landstar for more than 15 years serving in various field sales leadership roles of increasing responsibility, most recently as Senior Executive Vice President in charge of all agent field sales. As Chief Corporate Sales, Strategy and Specialized Freight Officer, Mr. Applegate will be responsible for Landstar’s corporate sales efforts, strategic growth initiatives, specialized freight offerings, and business development. Since joining Landstar in 2009, he has served as a vice president in various sales roles including business development, business solutions and corporate sales. Most recently, Mr. Applegate served as Executive Vice President of Business Intelligence and Strategy. Reported Earnings • Feb 27
Full year 2023 earnings released: EPS: US$7.36 (vs US$11.76 in FY 2022) Full year 2023 results: EPS: US$7.36 (down from US$11.76 in FY 2022). Revenue: US$5.31b (down 29% from FY 2022). Net income: US$264.4m (down 39% from FY 2022). Profit margin: 5.0% (down from 5.8% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has increased by 10% per year and the company’s share price has also increased by 10% per year. Buy Or Sell Opportunity • Feb 16
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to €181. The fair value is estimated to be €150, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.1% over the last 3 years. Earnings per share has grown by 10%. Revenue is forecast to grow by 7.5% in 2 years. Earnings are forecast to grow by 6.0% in the next 2 years. Recent Insider Transactions • Feb 07
VP, General Counsel & Secretary recently sold €2.2m worth of stock On the 5th of February, Michael Kneller sold around 12k shares on-market at roughly €177 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €10m more than they bought in the last 12 months. Declared Dividend • Feb 05
Dividend of US$0.33 announced Shareholders will receive a dividend of US$0.33. Ex-date: 9th February 2024 Payment date: 8th March 2024 Dividend yield will be 1.7%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (17% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 32% per year over the past 9 years and payments have been stable during that time. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 02
Full year 2023 earnings released: EPS: US$7.36 (vs US$11.76 in FY 2022) Full year 2023 results: EPS: US$7.36 (down from US$11.76 in FY 2022). Revenue: US$5.31b (down 29% from FY 2022). Net income: US$264.4m (down 39% from FY 2022). Profit margin: 5.0% (down from 5.8% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.2% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 13% per year. Upcoming Dividend • Dec 26
Upcoming dividend of US$2.00 per share at 1.7% yield Eligible shareholders must have bought the stock before 02 January 2024. Payment date: 19 January 2024. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (3.5%). Aankondiging • Dec 06
Landstar System, Inc. Announces Executive Changes, Effective February 2, 2024 Landstar System, Inc. announced that James B. Gattoni will resign from his position as Chief Executive Officer, effective February 2, 2024, to retire after a 28 year career with Landstar. The Company entered into a letter agreement with Mr. Gattoni, dated December 4, 2023, pursuant to which, from his resignation until his anticipated retirement date of July 1, 2024, Mr. Gattoni will serve as a special advisor to the new Chief Executive Officer and aid in a smooth transition. In this new role, Mr. Gattoni’s annual base salary will remain the same, but he will not be eligible for a 2024 bonus under the Company’s Incentive Compensation Plan. The foregoing description is not intended to be complete and is qualified in its entirety by the letter agreement between the Company and Mr. Gattoni. In connection with Mr. Gattoni’s retirement, Landstar announced that Frank A. Lonegro would join the Company as Chief Executive Officer, effective February 2, 2024. Mr. Lonegro, age 55, is joining Landstar from Beacon Roofing Supply, Inc., where he currently serves as Executive Vice President and Chief Financial Officer. Beacon Roofing Supply is a Fortune 500 North American building products distribution company. Prior to working at Beacon, Mr. Lonegro worked for almost 20 years at CSX Corporation, a Fortune 250 rail transportation company. During his tenure at CSX, Mr. Lonegro served in a number of capacities, including Executive Vice President and Chief Financial Officer from 2015 to 2019, as well as technology and operational roles earlier in his tenure, including President of CSX Technology, Vice President of Service Design, and Vice President of Mechanical. Mr. Lonegro has broad financial, operational and technology leadership experience at large, publicly-traded organizations. Aankondiging • Dec 05
Landstar System, Inc. Declares Special One-Time Cash Dividend, Payable on January 19, 2024 Landstar System, Inc. announced that its board has declared a special one-time cash dividend in the amount of $2.00 per share, payable on January 19, 2024, to stockholders of record as of the close of business on January 3, 2024. Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: US$1.72 (vs US$2.76 in 3Q 2022) Third quarter 2023 results: EPS: US$1.72 (down from US$2.76 in 3Q 2022). Revenue: US$1.29b (down 29% from 3Q 2022). Net income: US$61.7m (down 39% from 3Q 2022). Profit margin: 4.8% (down from 5.5% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Aug 04
Key Executive recently sold €1.8m worth of stock On the 1st of August, Joseph Beacom sold around 10k shares on-market at roughly €184 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €3.7m. Joseph has been a net seller over the last 12 months, reducing personal holdings by €3.7m. Upcoming Dividend • Aug 02
Upcoming dividend of US$0.33 per share at 1.7% yield Eligible shareholders must have bought the stock before 09 August 2023. Payment date: 25 August 2023. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.3%). Aankondiging • Jul 28
Landstar System, Inc. Provides Earnings Guidance for the Third Quarter of 2023 Landstar System, Inc. provided earnings guidance for the third quarter of 2023. For the quarter, The company anticipates revenue for the 2023 third quarter to be in a range of $1.275 billion to $1.325 billion. DEPS to be in a range of $1.65 to $1.75. Aankondiging • Jul 27
Landstar System, Inc. Declares Quarterly Dividend, Payable on August 25, 2023 Landstar System, Inc. announced that its Board of Directors has declared a quarterly dividend of $0.33 per share payable on August 25, 2023, to stockholders of record as of the close of business on August 10, 2023. Reported Earnings • Jul 27
Second quarter 2023 earnings released: EPS: US$1.85 (vs US$3.05 in 2Q 2022) Second quarter 2023 results: EPS: US$1.85 (down from US$3.05 in 2Q 2022). Revenue: US$1.38b (down 30% from 2Q 2022). Net income: US$66.6m (down 41% from 2Q 2022). Profit margin: 4.8% (down from 5.7% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 12% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Jun 04
President recently sold €3.7m worth of stock On the 30th of May, James Gattoni sold around 23k shares on-market at roughly €164 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. James has been a net seller over the last 12 months, reducing personal holdings by €6.8m. Aankondiging • May 24
Lodestar Battery Metals Announces Exploration Budget and Start to Its 2023 Work Program At Its Peny Property in Snow Lake Manitoba Lodestar Battery Metals announced it has approved an exploration budget and has commenced work at its Peny Property in Snow Lake Manitoba. The staged project development will be completed with its partners at Longford Exploration to complete proprietary remote sensing analysis and targeting, a focused magnetics and radiometric survey over select targets, concurrent with fieldwork. Fieldwork includes a preliminary reconnaissance of initially identified targets and verification of reported pegmatite intersections in 86 historic drill holes on the property. Additionally, there will be focused ground truthing and systematic mapping and sampling program, which will be completed in the late summer to coincide with conceptual winter drilling plans. The 2023 field program will be advanced in stages during the coming months. The project development will focus on interpreting the results of the geochemical sampling, remote sensing, and magnetic, radiometric and structural interpretations before delineating targets for channel sampling and potential drilling in the fall of 2023. A revi w of historical data on the project has been completed, and ongoing regional geophysics and structural evaluation are being conducted to determine controls on pegmatite emplacement in the district. Remote Sensing has been commissioned across the district to determine prospectivity and define priority targets. As a result, the Company has accepted a proposal for the acquisition, processing, and analysis of Synthetic Aperture Radar (SAR) and Sentinel & Aster Multispectral data. Combining modern remote sensing techniques using multispectral imaging and synthetic aperture radar to analyze vegetation, structure, alteration, and ground movement, complex anomalies can be quickly and effectively identified. This multivariate exploration approach combines existing geological, geochemical, and geophysical data with multiple satellite analyses to identify new potential mineral targets. Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: US$2.17 (vs US$3.34 in 1Q 2022) First quarter 2023 results: EPS: US$2.17 (down from US$3.34 in 1Q 2022). Revenue: US$1.44b (down 27% from 1Q 2022). Net income: US$78.2m (down 37% from 1Q 2022). Profit margin: 5.4% (down from 6.3% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Apr 26
Now 21% undervalued Over the last 90 days, the stock is up 3.9%. The fair value is estimated to be €204, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 37%. For the next 3 years, revenue is forecast to decline by 6.6% per annum. Earnings is also forecast to decline by 4.7% per annum over the same time period. Recent Insider Transactions • Feb 12
Key Executive recently sold €1.2m worth of stock On the 9th of February, Joseph Beacom sold around 7k shares on-market at roughly €170 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Joseph has been a net seller over the last 12 months, reducing personal holdings by €1.8m. Reported Earnings • Feb 03
Full year 2022 earnings released: EPS: US$11.76 (vs US$9.98 in FY 2021) Full year 2022 results: EPS: US$11.76 (up from US$9.98 in FY 2021). Revenue: US$7.44b (up 14% from FY 2021). Net income: US$430.9m (up 13% from FY 2021). Profit margin: 5.8% (in line with FY 2021). Revenue is expected to decline by 8.4% p.a. on average during the next 2 years, while revenues in the Transportation industry in Europe are expected to grow by 9.5%. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Aankondiging • Feb 02
Landstar System, Inc. Declares Quarterly Dividend, Payable on March 10, 2023 Landstar System, Inc. announced that its Board of Directors has declared a quarterly dividend of $0.30 per share payable on March 10, 2023, to stockholders of record as of the close of business on February 13, 2023. Upcoming Dividend • Dec 29
Upcoming dividend of US$2.00 per share Eligible shareholders must have bought the stock before 05 January 2023. Payment date: 20 January 2023. Payout ratio is a comfortable 8.6% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (5.4%). Recent Insider Transactions • Nov 03
President recently sold €3.2m worth of stock On the 31st of October, James Gattoni sold around 20k shares on-market at roughly €158 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was James' only on-market trade for the last 12 months. Upcoming Dividend • Oct 31
Upcoming dividend of US$0.30 per share Eligible shareholders must have bought the stock before 07 November 2022. Payment date: 02 December 2022. Payout ratio is a comfortable 8.6% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (5.2%). Lower than average of industry peers (5.4%). Reported Earnings • Oct 22
Third quarter 2022 earnings released: EPS: US$2.76 (vs US$2.58 in 3Q 2021) Third quarter 2022 results: EPS: US$2.76 (up from US$2.58 in 3Q 2021). Revenue: US$1.82b (up 4.7% from 3Q 2021). Net income: US$100.2m (up 1.6% from 3Q 2021). Profit margin: 5.5% (down from 5.7% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 13% p.a. on average during the next 3 years, while revenues in the Transportation industry in Europe are expected to grow by 7.7%. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Aug 20
Key Executive recently sold €617k worth of stock On the 18th of August, Joseph Beacom sold around 4k shares on-market at roughly €154 per share. This was the largest sale by an insider in the last 3 months. This was Joseph's only on-market trade for the last 12 months. Upcoming Dividend • Jul 29
Upcoming dividend of US$0.30 per share Eligible shareholders must have bought the stock before 05 August 2022. Payment date: 26 August 2022. Payout ratio is a comfortable 8.4% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (5.0%). Reported Earnings • Jul 22
Second quarter 2022 earnings released: EPS: US$3.05 (vs US$2.40 in 2Q 2021) Second quarter 2022 results: EPS: US$3.05 (up from US$2.40 in 2Q 2021). Revenue: US$1.98b (up 26% from 2Q 2021). Net income: US$112.6m (up 22% from 2Q 2021). Profit margin: 5.7% (down from 5.9% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 5.6% compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 02
First quarter 2022 earnings released: EPS: US$3.34 (vs US$2.01 in 1Q 2021) First quarter 2022 results: EPS: US$3.34 (up from US$2.01 in 1Q 2021). Revenue: US$1.97b (up 53% from 1Q 2021). Net income: US$124.8m (up 62% from 1Q 2021). Profit margin: 6.3% (up from 6.0% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 1.2%, compared to a 13% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 27
Upcoming dividend of US$0.25 per share Eligible shareholders must have bought the stock before 04 May 2022. Payment date: 27 May 2022. Payout ratio is a comfortable 8.5% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (4.0%). Lower than average of industry peers (4.7%). Reported Earnings • Apr 22
First quarter 2022 earnings released: EPS: US$3.34 (vs US$2.01 in 1Q 2021) First quarter 2022 results: EPS: US$3.34 (up from US$2.01 in 1Q 2021). Revenue: US$1.97b (up 53% from 1Q 2021). Net income: US$124.8m (up 62% from 1Q 2021). Profit margin: 6.3% (up from 6.0% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 1.5% compared to a 13% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Mar 18
Independent Director recently bought €70k worth of stock On the 15th of March, Homaira Akbari bought around 500 shares on-market at roughly €140 per share. In the last 3 months, they made an even bigger purchase worth €272k. Despite this recent purchase, insiders have collectively sold €2.5m more in shares than they bought in the last 12 months. Recent Insider Transactions • Mar 01
Independent Director recently bought €272k worth of stock On the 24th of February, Homaira Akbari bought around 2k shares on-market at roughly €136 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €2.6m more in shares than they bought in the last 12 months. Upcoming Dividend • Feb 04
Upcoming dividend of US$0.25 per share Eligible shareholders must have bought the stock before 11 February 2022. Payment date: 11 March 2022. Payout ratio is a comfortable 9.2% but the company is not cash flow positive. Trailing yield: 0.6%. Lower than top quartile of German dividend payers (3.4%). Lower than average of industry peers (4.3%). Buying Opportunity • Jan 28
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 2.7%. The fair value is estimated to be US$180, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% per annum over the last 3 years. Earnings per share has grown by 13% per annum over the last 3 years. Upcoming Dividend • Dec 30
Upcoming dividend of US$2.00 per share Eligible shareholders must have bought the stock before 06 January 2022. Payment date: 21 January 2022. Payout ratio is a comfortable 10% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (4.2%). Upcoming Dividend • Nov 01
Upcoming dividend of US$0.25 per share Eligible shareholders must have bought the stock before 08 November 2021. Payment date: 03 December 2021. Trailing yield: 0.6%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (4.0%). Reported Earnings • Oct 21
Third quarter 2021 earnings released: EPS US$2.58 (vs US$1.61 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: US$1.74b (up 60% from 3Q 2020). Net income: US$98.7m (up 59% from 3Q 2020). Profit margin: 5.7% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jul 30
Upcoming dividend of US$0.25 per share Eligible shareholders must have bought the stock before 06 August 2021. Payment date: 27 August 2021. Trailing yield: 0.6%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (5.0%). Reported Earnings • Jul 23
Second quarter 2021 earnings released: EPS US$2.40 (vs US$0.63 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$1.57b (up 91% from 2Q 2020). Net income: US$92.3m (up 281% from 2Q 2020). Profit margin: 5.9% (up from 2.9% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Recent Insider Transactions • May 05
President recently sold €2.8m worth of stock On the 30th of April, James Gattoni sold around 20k shares on-market at roughly €142 per share. This was the largest sale by an insider in the last 3 months. James has been a seller over the last 12 months, reducing personal holdings by €5.0m. Upcoming Dividend • Apr 28
Upcoming dividend of US$0.21 per share Eligible shareholders must have bought the stock before 05 May 2021. Payment date: 28 May 2021. Trailing yield: 0.5%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (5.7%). Reported Earnings • Apr 24
First quarter 2021 earnings released: EPS US$2.01 (vs US$1.04 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$1.29b (up 39% from 1Q 2020). Net income: US$77.2m (up 89% from 1Q 2020). Profit margin: 6.0% (up from 4.4% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Reported Earnings • Feb 25
Full year 2020 earnings released: EPS US$4.98 (vs US$5.72 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: US$4.14b (up 1.1% from FY 2019). Net income: US$192.1m (down 16% from FY 2019). Profit margin: 4.6% (down from 5.6% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Feb 25
Revenue beats expectations Revenue exceeded analyst estimates by 2.1%. Over the next year, revenue is forecast to grow 14%, compared to a 176% growth forecast for the Transportation industry in Germany. Is New 90 Day High Low • Feb 23
New 90-day high: €132 The company is up 19% from its price of €111 on 25 November 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Transportation industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €132 per share. Recent Insider Transactions • Feb 06
Key Executive recently sold €600k worth of stock On the 3rd of February, Joseph Beacom sold around 5k shares on-market at roughly €120 per share. This was the largest sale by an insider in the last 3 months. Joseph has been a seller over the last 12 months, reducing personal holdings by €1.1m. Upcoming Dividend • Feb 04
Upcoming Dividend of US$0.21 Per Share Will be paid on the 12th of March to those who are registered shareholders by the 11th of February. The trailing yield of 0.6% is below the top quartile of German dividend payers (3.4%), and is lower than industry peers (6.2%). Reported Earnings • Jan 29
Full year 2020 earnings released: EPS US$4.98 (vs US$5.72 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: US$4.14b (up 1.1% from FY 2019). Net income: US$192.1m (down 16% from FY 2019). Profit margin: 4.6% (down from 5.6% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Jan 29
Revenue beats expectations Revenue exceeded analyst estimates by 2.1%. Over the next year, revenue is forecast to grow 10% compared to a 6.5% decline forecast for the Transportation industry in Germany. Is New 90 Day High Low • Jan 08
New 90-day high: €116 The company is up 4.0% from its price of €112 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Transportation industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €129 per share. Upcoming Dividend • Dec 31
Upcoming Dividend of US$2.00 Per Share Will be paid on the 22nd of January to those who are registered shareholders by the 7th of January. The trailing yield of 0.6% is below the top quartile of German dividend payers (3.6%), and is lower than industry peers (6.3%). 
