Insider Selling: Ryder System, Inc. (NYSE:R) Director Sells 3,671 Shares of Stock

Ryder System, Inc. (NYSE:R) Director E Follin Smith sold 3,671 shares of Ryder System stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $119.16, for a total value of $437,436.36. Following the sale, the director now directly owns 38,413 shares in the company, valued at approximately $4,577,293.08. The sale was disclosed in a document filed with the SEC, which is available at this link.

Ryder System Trading Up 0.5 %

Shares of R opened at $122.40 on Thursday. The stock has a fifty day moving average price of $115.62 and a two-hundred day moving average price of $111.26. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.82 and a current ratio of 0.82. Ryder System, Inc. has a 52-week low of $77.60 and a 52-week high of $126.04. The company has a market cap of $5.36 billion, a price-to-earnings ratio of 15.94 and a beta of 1.40.

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

Ryder System Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 20th were given a dividend of $0.71 per share. The ex-dividend date was Friday, February 16th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.32%. Ryder System’s payout ratio is currently 36.98%.

Analyst Ratings Changes

Several analysts recently commented on R shares. Robert W. Baird reaffirmed a “buy” rating and issued a $140.00 price target on shares of Ryder System in a research note on Wednesday, January 3rd. StockNews.com raised Ryder System from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. JPMorgan Chase & Co. boosted their price target on Ryder System from $120.00 to $126.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Vertical Research lowered Ryder System from a “buy” rating to a “hold” rating and set a $120.00 price target on the stock. in a research note on Wednesday, January 10th. Finally, The Goldman Sachs Group boosted their price target on Ryder System from $122.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $126.83.

Institutional Investors Weigh In On Ryder System

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP raised its position in shares of Ryder System by 34.9% during the fourth quarter. Wellington Management Group LLP now owns 3,442,545 shares of the transportation company’s stock worth $396,099,000 after acquiring an additional 890,986 shares during the last quarter. Earnest Partners LLC increased its holdings in Ryder System by 2.5% in the third quarter. Earnest Partners LLC now owns 1,666,621 shares of the transportation company’s stock valued at $178,245,000 after purchasing an additional 40,086 shares during the last quarter. LSV Asset Management increased its holdings in Ryder System by 3.8% in the fourth quarter. LSV Asset Management now owns 1,629,618 shares of the transportation company’s stock valued at $187,504,000 after purchasing an additional 59,156 shares during the last quarter. AQR Capital Management LLC increased its holdings in Ryder System by 12.3% in the third quarter. AQR Capital Management LLC now owns 845,253 shares of the transportation company’s stock valued at $90,400,000 after purchasing an additional 92,760 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in Ryder System by 7.9% in the third quarter. American Century Companies Inc. now owns 775,382 shares of the transportation company’s stock valued at $82,927,000 after purchasing an additional 56,851 shares during the last quarter. Institutional investors 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.