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 Video: What is a Stock Split?
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| Landstar System is a provider of integrated transportation management solutions. Co. provides services to its customers across several transportation modes, throughout the U.S. and to a lesser extent in Canada and Mexico, and between the U.S. and Canada, Mexico and other countries around the world. Co.'s operating segments are: transportation logistics, which provides a range of integrated transportation management solutions including truck transportation services, rail intermodal services, air and ocean services; and Insurance, which provides risk and claims management services to certain of Co.'s operating subsidiaries. According to our LSTR split history records, Landstar System has had 3 splits. | |
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Landstar System (LSTR) has 3 splits in our LSTR split history database. The first split for LSTR took place on August 13, 2002. This was a 2 for 1 split, meaning for each share of LSTR owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. LSTR's second split took place on November 14, 2003. This was a 2 for 1 split, meaning for each share of LSTR owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split. LSTR's third split took place on January 10, 2005. This was a 2 for 1 split, meaning for each share of LSTR owned pre-split, the shareholder now owned 2 shares. For example, a 4000 share position pre-split, became a 8000 share position following the split.
When a company such as Landstar System splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the LSTR split history from start to finish, an original position size of 1000 shares would have turned into 8000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Landstar System shares, starting with a $10,000 purchase of LSTR, presented on a split-history-adjusted basis factoring in the complete LSTR split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
04/22/2014 |
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| End date: |
04/19/2024 |
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| Start price/share: |
$61.93 |
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| End price/share: |
$170.81 |
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| Starting shares: |
161.47 |
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| Ending shares: |
187.76 |
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| Dividends reinvested/share: |
$19.45 |
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| Total return: |
220.71% |
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| Average Annual Total Return: |
12.36% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$32,071.35 |
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| Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
04/22/2014 |
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| End date: |
04/19/2024 |
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| Start price/share: |
$61.93 |
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| End price/share: |
$170.81 |
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| Dividends collected/share: |
$19.45 |
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| Total return: |
207.22% |
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| Average Annual Total Return: |
11.88% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$30,727.31 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 08/13/2002 | 2 for 1 | | 11/14/2003 | 2 for 1 | | 01/10/2005 | 2 for 1 |
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