Ryder System, Inc. (NYSE:R – Get Free Report) insider Thomas Havens sold 5,500 shares of the firm’s stock in a transaction dated Friday, October 30th. The stock was sold at an average price of $283.13, for a total transaction of $1,557,215.00. Following the completion of the sale, the insider owned 27,574 shares of the company’s stock, valued at $7,807,026.62. This trade represents a 16.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Ryder System Trading Down 1.3%
R traded down $3.60 during trading hours on Tuesday, reaching $281.98. 319,111 shares of the company’s stock traded hands, compared to its average volume of 362,919. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.86. The firm has a 50-day moving average price of $245.73 and a 200 day moving average price of $237.66. Ryder System, Inc. has a 52-week low of $161.41 and a 52-week high of $291.02. The firm has a market capitalization of $10.78 billion, a PE ratio of 21.49 and a beta of 1.05.
Ryder System (NYSE:R – Get Free Report) last issued its earnings results on Thursday, October 22nd. The transportation company reported $4.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.15 by $0.18. Ryder System had a net margin of 3.98% and a return on equity of 19.14%. The firm had revenue of $3.43 billion during the quarter, compared to analyst estimates of $3.38 billion. During the same period in the previous year, the firm earned $3.57 earnings per share. The business’s revenue was up 8.3% on a year-over-year basis. As a group, sell-side analysts predict that Ryder System, Inc. will post 15.07 EPS for the current fiscal year.
Ryder System Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Monday, November 23rd will be paid a $1.01 dividend. The ex-dividend date of this dividend is Monday, November 23rd. This represents a $4.04 annualized dividend and a yield of 1.4%. Ryder System’s dividend payout ratio is 30.79%.
Key Ryder System News
Here are the key news stories impacting Ryder System this week:
- Positive Sentiment: Ryder completed its acquisition of Efficiency Enterprises, adding six fleet-services locations across Florida, New York, Maryland and Delaware, as well as approximately 50 technicians. The deal expands Ryder’s East Coast network and adds fleet management, maintenance and leasing capabilities; financial terms were not disclosed. Ryder acquisition announcement
- Neutral Sentiment: A Zacks article describes Ryder as a potential momentum pick, reflecting recent share-price strength rather than announcing a new business development or financial forecast. Zacks momentum article
- Negative Sentiment: CFO Cristina Gallo-Aquino sold 1,238 shares for about $343,000, reducing her holdings by 4.09%. She still owned 29,026 shares after the sale, which may temper the significance of the transaction. CFO stock sale report
Hedge Funds Weigh In On Ryder System
Several institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio acquired a new stake in Ryder System during the second quarter valued at $4,587,000. Hsbc Holdings PLC increased its holdings in Ryder System by 104.2% in the second quarter. Hsbc Holdings PLC now owns 56,403 shares of the transportation company’s stock valued at $14,773,000 after buying an additional 28,775 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Ryder System by 9.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 194,632 shares of the transportation company’s stock worth $39,843,000 after acquiring an additional 16,070 shares during the period. California State Teachers Retirement System raised its position in shares of Ryder System by 23.6% in the first quarter. California State Teachers Retirement System now owns 48,030 shares of the transportation company’s stock worth $9,832,000 after acquiring an additional 9,179 shares during the period. Finally, WINTON GROUP Ltd purchased a new stake in shares of Ryder System during the 2nd quarter worth about $4,889,000. 87.47% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on R. Robert W. Baird cut shares of Ryder System from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $290.00 to $245.00 in a research report on Tuesday, September 29th. Citigroup reaffirmed a “market perform” rating on shares of Ryder System in a research report on Friday, October 23rd. Susquehanna increased their price objective on Ryder System from $280.00 to $318.00 and gave the company a “positive” rating in a report on Tuesday, October 27th. Morgan Stanley upgraded shares of Ryder System from an “overweight” rating to a “buy” rating in a report on Monday, October 5th. Finally, Janney Montgomery Scott set a $285.00 price target on shares of Ryder System in a research report on Thursday, October 8th. Eight equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $296.67.
Check Out Our Latest Stock Report on R
Ryder System Company Profile
Ryder System, Inc is a transportation and logistics company that provides fleet management, supply chain and dedicated transportation services. Founded in 1933 by James Ryder and headquartered in Miami, Florida, the company serves businesses that rely on commercial vehicles, transportation networks and logistics infrastructure.
Through its Fleet Management Solutions business, Ryder offers full-service leasing, commercial vehicle rental, maintenance, fleet support and related services for trucks, tractors, trailers and other vehicles.
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