Ryder System, Inc. (NYSE:R – Get Free Report) EVP Thomas Regan sold 3,032 shares of the company’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $288.05, for a total transaction of $873,367.60. Following the sale, the executive vice president directly owned 2,751 shares in the company, valued at $792,425.55. This trade represents a 52.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Ryder System Stock Performance
R stock opened at $269.01 on Friday. The firm has a market cap of $10.28 billion, a PE ratio of 20.50 and a beta of 1.04. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.86. The stock has a 50-day moving average price of $247.61 and a 200-day moving average price of $238.94. Ryder System, Inc. has a 1-year low of $161.41 and a 1-year high of $291.02.
Ryder System (NYSE:R – Get Free Report) last released its earnings results on Thursday, October 22nd. The transportation company reported $4.33 EPS for the quarter, topping the consensus estimate of $4.15 by $0.18. Ryder System had a return on equity of 19.14% and a net margin of 3.98%. The business had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.38 billion. During the same quarter last year, the firm posted $3.57 earnings per share. The firm’s revenue was up 8.3% on a year-over-year basis. As a group, equities research analysts expect that Ryder System, Inc. will post 15.07 earnings per share for the current year.
Ryder System Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Monday, November 23rd will be paid a $1.01 dividend. The ex-dividend date is Monday, November 23rd. This represents a $4.04 annualized dividend and a dividend yield of 1.5%. Ryder System’s payout ratio is currently 30.79%.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the stock. Keating Financial Advisory Services Inc. purchased a new stake in shares of Ryder System during the 2nd quarter valued at $26,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Ryder System during the 2nd quarter valued at approximately $30,000. Cedar Mountain Advisors LLC boosted its holdings in shares of Ryder System by 522.7% in the first quarter. Cedar Mountain Advisors LLC now owns 137 shares of the transportation company’s stock worth $28,000 after acquiring an additional 115 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in Ryder System by 36.8% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 160 shares of the transportation company’s stock worth $42,000 after purchasing an additional 43 shares during the period. Finally, Compass Financial Management LLC bought a new position in shares of Ryder System in the second quarter valued at approximately $54,000. Institutional investors own 87.47% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts recently commented on the company. Wells Fargo & Company boosted their target price on Ryder System from $300.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, October 23rd. Morgan Stanley upgraded Ryder System from an “overweight” rating to a “buy” rating in a report on Monday, October 5th. Robert W. Baird lowered Ryder System from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $290.00 to $245.00 in a report on Tuesday, September 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Ryder System in a research note on Monday, August 24th. Finally, Stephens upped their target price on Ryder System from $280.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, October 23rd. Eight equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $296.67.
About Ryder System
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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