Insider Selling: Ryder System (NYSE:R) Insider Sells $1,874,681.27 in Stock

Ryder System, Inc. (NYSE:R) insider Robert Sanchez sold 6,611 shares of the stock in a transaction on Monday, October 26th. The shares were sold at an average price of $283.57, for a total value of $1,874,681.27. Following the completion of the transaction, the insider owned 68,831 shares in the company, valued at $19,518,406.67. The trade was a 8.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Ryder System Stock Up 0.6%

Shares of R opened at $282.26 on Friday. Ryder System, Inc. has a 52 week low of $161.41 and a 52 week high of $287.00. The firm has a market cap of $10.79 billion, a P/E ratio of 21.51 and a beta of 1.05. The firm’s 50-day simple moving average is $245.00 and its 200 day simple moving average is $237.18. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.67 and a current ratio of 0.67.

Ryder System (NYSE:R) last announced its earnings results on Thursday, October 22nd. The transportation company reported $4.33 earnings per share for the quarter, topping analysts’ consensus estimates of $4.15 by $0.18. The business had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.38 billion. Ryder System had a net margin of 3.98% and a return on equity of 19.14%. Ryder System’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the firm earned $3.57 earnings per share. On average, analysts forecast that Ryder System, Inc. will post 15.07 earnings per share for the current year.

Ryder System Announces Dividend

The company also recently announced 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. This represents a $4.04 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Monday, November 23rd. Ryder System’s dividend payout ratio is currently 30.79%.

Analyst Ratings Changes

Several research firms have recently issued reports on R. Citigroup restated a “market perform” rating on shares of Ryder System in a report on Friday, October 23rd. Wells Fargo & Company raised their price objective on shares of Ryder System from $300.00 to $305.00 and gave the stock an “overweight” rating in a research note on Friday, October 23rd. Janney Montgomery Scott set a $285.00 price target on shares of Ryder System in a research report on Thursday, October 8th. Wall Street Zen upgraded shares of Ryder System from a “buy” rating to a “strong-buy” rating in a report on Monday, October 12th. Finally, Barclays lifted their price objective on Ryder System from $300.00 to $315.00 and gave the company an “overweight” rating in a research note on Friday, October 23rd. Eight research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $296.67.

Institutional Trading of Ryder System

A number of institutional investors and hedge funds have recently modified their holdings of R. Vise Technologies Inc. lifted its holdings in Ryder System by 66.2% during the 3rd quarter. Vise Technologies Inc. now owns 9,463 shares of the transportation company’s stock valued at $2,156,000 after purchasing an additional 3,770 shares during the last quarter. State of Wyoming boosted its holdings in Ryder System by 18.8% during the 3rd quarter. State of Wyoming now owns 1,363 shares of the transportation company’s stock worth $311,000 after acquiring an additional 216 shares during the last quarter. Childress Capital Advisors LLC boosted its holdings in Ryder System by 4.0% in the 3rd quarter. Childress Capital Advisors LLC now owns 2,283 shares of the transportation company’s stock worth $520,000 after buying an additional 87 shares during the period. Park Avenue Securities LLC lifted its holdings in shares of Ryder System by 66.7% during the 3rd quarter. Park Avenue Securities LLC now owns 1,439 shares of the transportation company’s stock worth $328,000 after acquiring an additional 576 shares during the last quarter. Finally, Verdence Capital Advisors LLC boosted its holdings in shares of Ryder System by 4.2% during the third quarter. Verdence Capital Advisors LLC now owns 2,846 shares of the transportation company’s stock worth $649,000 after purchasing an additional 116 shares during the period. 87.47% of the stock is currently owned by institutional investors and hedge funds.

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.