Insider Selling: Ryder System, Inc. (NYSE:R) Director Sells 5,523 Shares of Stock

Ryder System, Inc. (NYSE:R) Director E Follin Smith sold 5,523 shares of the company’s stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $177.66, for a total value of $981,216.18. Following the sale, the director owned 33,779 shares of the company’s stock, valued at $6,001,177.14. This trade represents a 14.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

E Follin Smith also recently made the following trade(s):

• On Wednesday, July 30th, E Follin Smith sold 500 shares of Ryder System stock. The stock was sold at an average price of $180.00, for a total value of $90,000.00.
• On Monday, May 5th, E Follin Smith sold 1,243 shares of Ryder System stock. The stock was sold at an average price of $144.38, for a total value of $179,464.34.

Ryder System Trading Down 2.4%

Ryder System stock opened at $173.51 on Friday. The stock has a 50-day moving average of $162.36 and a two-hundred day moving average of $154.57. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.82 and a current ratio of 0.82. Ryder System, Inc. has a one year low of $123.36 and a one year high of $184.76. The stock has a market cap of $7.08 billion, a PE ratio of 14.75 and a beta of 1.00.

Ryder System (NYSE:R) last released its quarterly earnings results on Thursday, July 24th. The transportation company reported $3.32 EPS for the quarter, beating analysts’ consensus estimates of $3.11 by $0.21. Ryder System had a return on equity of 17.83% and a net margin of 3.99%. The company had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.17 billion. During the same period last year, the business posted $3.00 earnings per share. The firm’s revenue was up .2% compared to the same quarter last year. On average, research analysts anticipate that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Monday, August 18th will be paid a $0.91 dividend. The ex-dividend date is Monday, August 18th. This is a positive change from Ryder System’s previous quarterly dividend of $0.81. This represents a $3.64 annualized dividend and a dividend yield of 2.1%. Ryder System’s dividend payout ratio (DPR) is 27.55%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on R shares. Baird R W upgraded Ryder System to a “strong-buy” rating in a research note on Tuesday, July 1st. Morgan Stanley upped their price objective on Ryder System from $175.00 to $190.00 and gave the stock an “overweight” rating in a research note on Monday, July 28th. JPMorgan Chase & Co. upped their price objective on Ryder System from $165.00 to $173.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 8th. Wolfe Research upgraded Ryder System from a “peer perform” rating to an “outperform” rating and set a $159.00 price objective for the company in a research note on Tuesday, July 1st. Finally, Stephens increased their price target on Ryder System from $150.00 to $190.00 and gave the company an “equal weight” rating in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Ryder System presently has a consensus rating of “Moderate Buy” and a consensus price target of $186.50.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of R. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Ryder System in the first quarter worth about $26,000. TCTC Holdings LLC grew its holdings in Ryder System by 116.5% during the first quarter. TCTC Holdings LLC now owns 223 shares of the transportation company’s stock worth $32,000 after acquiring an additional 120 shares during the period. IFP Advisors Inc grew its holdings in Ryder System by 103.6% during the second quarter. IFP Advisors Inc now owns 224 shares of the transportation company’s stock worth $36,000 after acquiring an additional 114 shares during the period. Trust Co. of Toledo NA OH acquired a new stake in Ryder System during the second quarter worth about $37,000. Finally, Geneos Wealth Management Inc. grew its holdings in Ryder System by 61.2% during the first quarter. Geneos Wealth Management Inc. now owns 287 shares of the transportation company’s stock worth $41,000 after acquiring an additional 109 shares during the period. 87.47% of the stock is currently owned by hedge funds and other institutional investors.

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.