Ryder System, Inc. (NYSE:R) Insider Sells $955,200.00 in Stock

Ryder System, Inc. (NYSE:R) insider Thomas M. Havens sold 8,000 shares of Ryder System stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $119.40, for a total transaction of $955,200.00. Following the completion of the sale, the insider now owns 24,401 shares in the company, valued at $2,913,479.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ryder System Stock Performance

R stock traded up $1.16 during midday trading on Monday, reaching $123.11. 267,319 shares of the company were exchanged, compared to its average volume of 265,508. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.82 and a quick ratio of 0.82. The business has a 50-day moving average price of $115.04 and a two-hundred day moving average price of $110.97. Ryder System, Inc. has a one year low of $77.60 and a one year high of $123.79. The firm has a market capitalization of $5.40 billion, a price-to-earnings ratio of 16.05 and a beta of 1.40.

Ryder System (NYSE:R) last released its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.43. Ryder System had a net margin of 2.95% and a return on equity of 18.38%. The firm had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.06 billion. During the same period in the previous year, the business posted $2.81 earnings per share. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. Equities research analysts forecast that Ryder System, Inc. will post 11.98 EPS for the current year.

Ryder System Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 20th were given a $0.71 dividend. The ex-dividend date was Friday, February 16th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.31%. Ryder System’s payout ratio is presently 36.98%.

Analyst Ratings Changes

A number of research firms have recently issued reports on R. Vertical Research downgraded shares of Ryder System from a “buy” rating to a “hold” rating and set a $120.00 price objective on the stock. in a report on Wednesday, January 10th. The Goldman Sachs Group lifted their price objective on shares of Ryder System from $122.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Stephens lifted their price objective on shares of Ryder System from $113.00 to $120.00 and gave the company an “equal weight” rating in a report on Wednesday, April 24th. StockNews.com raised shares of Ryder System from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. Finally, JPMorgan Chase & Co. raised their target price on shares of Ryder System from $120.00 to $126.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $126.83.

Institutional Trading of Ryder System

Several hedge funds and other institutional investors have recently bought and sold shares of the business. CWM LLC boosted its holdings in Ryder System by 33.9% in the 3rd quarter. CWM LLC now owns 438 shares of the transportation company’s stock valued at $47,000 after purchasing an additional 111 shares during the period. SG Americas Securities LLC boosted its holdings in Ryder System by 331.2% in the 3rd quarter. SG Americas Securities LLC now owns 9,280 shares of the transportation company’s stock valued at $992,000 after purchasing an additional 7,128 shares during the period. Exchange Traded Concepts LLC boosted its holdings in Ryder System by 406.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 506 shares of the transportation company’s stock valued at $54,000 after purchasing an additional 406 shares during the period. Handelsbanken Fonder AB boosted its holdings in Ryder System by 95.2% in the 3rd quarter. Handelsbanken Fonder AB now owns 7,026 shares of the transportation company’s stock valued at $751,000 after purchasing an additional 3,426 shares during the period. Finally, Linden Thomas Advisory Services LLC raised its position in shares of Ryder System by 9.5% in the 3rd quarter. Linden Thomas Advisory Services LLC now owns 3,296 shares of the transportation company’s stock valued at $353,000 after buying an additional 286 shares in the last quarter. Institutional investors and hedge funds own 87.47% of the company’s stock.

Ryder System Company Profile

Ryder System, Inc operates as a logistics and transportation company worldwide. It operates through three segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Transportation Solutions (DTS). The FMS segment offers full-service leasing and leasing with flexible maintenance options; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers; access to diesel fuel; and fuel planning and tax reporting, cards, and monitoring services, and centralized billing, as well as sells used vehicles through its retail sales centers and www.ryder.com/used-trucks website, as well as digital and technology support services.