Ryder System, Inc. (NYSE:R) Insider Sells $955,200.00 in Stock

Ryder System, Inc. (NYSE:R) insider Thomas M. Havens sold 8,000 shares of the business’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $119.40, for a total value of $955,200.00. Following the completion of the transaction, the insider now directly owns 24,401 shares of the company’s stock, valued at approximately $2,913,479.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Ryder System Stock Performance

Ryder System stock traded up $1.16 during midday trading on Monday, hitting $123.11. The stock had a trading volume of 267,319 shares, compared to its average volume of 265,508. The firm’s fifty day moving average is $115.04 and its two-hundred day moving average is $110.97. The company has a market capitalization of $5.40 billion, a PE ratio of 16.05 and a beta of 1.40. Ryder System, Inc. has a 52-week low of $77.60 and a 52-week high of $123.79. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 2.22.

Ryder System (NYSE:R) last released its earnings results on Tuesday, April 23rd. The transportation company reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.43. The company had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.06 billion. Ryder System had a net margin of 2.95% and a return on equity of 18.38%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.81 EPS. On average, research analysts forecast that Ryder System, Inc. will post 11.98 EPS for the current year.

Ryder System Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 2.31%. Ryder System’s payout ratio is 36.98%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. StockNews.com raised Ryder System from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. Vertical Research lowered Ryder System from a “buy” rating to a “hold” rating and set a $120.00 target price for the company. in a research report on Wednesday, January 10th. The Goldman Sachs Group boosted their target price on Ryder System from $122.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Wells Fargo & Company boosted their target price on Ryder System from $100.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 15th. Finally, Stephens upped their price target 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. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $126.83.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in R. CWM LLC boosted its stake in Ryder System by 33.9% in the 3rd quarter. CWM LLC now owns 438 shares of the transportation company’s stock worth $47,000 after purchasing an additional 111 shares during the period. SG Americas Securities LLC boosted its position in shares of Ryder System by 331.2% during the 3rd quarter. SG Americas Securities LLC now owns 9,280 shares of the transportation company’s stock valued at $992,000 after acquiring an additional 7,128 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in shares of Ryder System by 406.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 506 shares of the transportation company’s stock valued at $54,000 after acquiring an additional 406 shares during the last quarter. Handelsbanken Fonder AB boosted its position in shares of Ryder System by 95.2% during the 3rd quarter. Handelsbanken Fonder AB now owns 7,026 shares of the transportation company’s stock valued at $751,000 after acquiring an additional 3,426 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC boosted its position in shares of Ryder System by 9.5% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 3,296 shares of the transportation company’s stock valued at $353,000 after acquiring an additional 286 shares during the last quarter. 87.47% of the stock is currently owned by institutional investors.

About Ryder System

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.