Thomas M. Havens Sells 8,000 Shares of Ryder System, Inc. (NYSE:R) Stock

Ryder System, Inc. (NYSE:R) insider Thomas M. Havens sold 8,000 shares of the firm’s stock in a transaction 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 sale, the insider now owns 24,401 shares in the company, valued at $2,913,479.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Ryder System Stock Performance

R opened at $122.40 on Thursday. The stock has a market capitalization of $5.36 billion, a price-to-earnings ratio of 15.94 and a beta of 1.40. The company has a fifty day moving average of $115.62 and a 200 day moving average of $111.26. Ryder System, Inc. has a fifty-two week low of $77.60 and a fifty-two week high of $126.04. 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 (NYSE:R) last issued 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 business had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.06 billion. During the same period last year, the company posted $2.81 EPS. The business’s revenue was up 4.9% on a year-over-year basis. As a group, sell-side analysts forecast that Ryder System, Inc. will post 11.98 earnings per share for the current fiscal year.

Ryder System Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 20th were paid 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 2.32%. Ryder System’s payout ratio is currently 36.98%.

Hedge Funds Weigh In On Ryder System

A number of institutional investors and hedge funds have recently made changes to their positions in R. Wellington Management Group LLP boosted its stake in shares of Ryder System by 1,051.0% during the 3rd quarter. Wellington Management Group LLP now owns 2,551,559 shares of the transportation company’s stock worth $272,889,000 after purchasing an additional 2,329,880 shares during the period. Norges Bank purchased a new position in shares of Ryder System during the 4th quarter worth about $86,647,000. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Ryder System during the 3rd quarter worth about $25,233,000. LSV Asset Management boosted its stake in shares of Ryder System by 13.5% during the 3rd quarter. LSV Asset Management now owns 1,570,462 shares of the transportation company’s stock worth $167,961,000 after purchasing an additional 187,174 shares during the period. Finally, Sei Investments Co. boosted its stake in shares of Ryder System by 29.1% during the 4th quarter. Sei Investments Co. now owns 756,302 shares of the transportation company’s stock worth $87,024,000 after purchasing an additional 170,650 shares during the period. 87.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

R has been the topic of several recent analyst reports. The Goldman Sachs Group raised their price objective on shares of Ryder System from $122.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. StockNews.com upgraded shares of Ryder System from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. JPMorgan Chase & Co. raised their price objective on shares of Ryder System from $120.00 to $126.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Stephens raised their price objective on shares of Ryder System from $113.00 to $120.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 24th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $140.00 target price on shares of Ryder System in a research note on Wednesday, January 3rd. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $126.83.

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.