Ryder System (NYSE:R) Insider Thomas Havens Sells 5,500 Shares of Stock

Ryder System, Inc. (NYSE:R) insider Thomas Havens sold 5,500 shares of the firm’s stock in a transaction on Friday, October 30th. The shares were sold at an average price of $283.13, for a total value of $1,557,215.00. Following the completion of the sale, the insider directly owned 27,574 shares in the company, valued at approximately $7,807,026.62. This represents a 16.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Ryder System Trading Down 1.3%

Shares of R opened at $281.98 on Wednesday. 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, Inc. has a 52-week low of $161.41 and a 52-week high of $291.02. The firm has a market cap of $10.78 billion, a price-to-earnings ratio of 21.49 and a beta of 1.04. The business’s fifty day moving average is $246.47 and its 200-day moving average is $238.11.

Ryder System (NYSE:R) last announced its quarterly earnings data on Thursday, October 22nd. The transportation company reported $4.33 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 19.14% and a net margin of 3.98%. Ryder System’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the prior year, the company earned $3.57 EPS. Equities analysts anticipate that Ryder System, Inc. will post 15.07 EPS for the current fiscal year.

Ryder System Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Monday, November 23rd will be issued a $1.01 dividend. The ex-dividend date of this dividend is Monday, November 23rd. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.4%. Ryder System’s dividend payout ratio is 30.79%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on R shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ryder System in a report on Monday, August 24th. Susquehanna increased their price objective on shares of Ryder System from $280.00 to $318.00 and gave the company a “positive” rating in a research note on Tuesday, October 27th. Citizens Jmp assumed coverage on shares of Ryder System in a research report on Wednesday, July 15th. They issued a “market perform” rating on the stock. Morgan Stanley raised shares of Ryder System from an “overweight” rating to a “buy” rating in a research note on Monday, October 5th. Finally, Wall Street Zen upgraded shares of Ryder System from a “buy” rating to a “strong-buy” rating in a report on Monday, October 12th. Eight research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Ryder System has an average rating of “Moderate Buy” and a consensus price target of $296.67.

Institutional Investors Weigh In On Ryder System

Institutional investors have recently added to or reduced their stakes in the business. Keating Financial Advisory Services Inc. bought a new position in shares of Ryder System during the second quarter valued at $26,000. Cedar Mountain Advisors LLC grew its stake 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 purchasing an additional 115 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Ryder System in the second quarter worth $30,000. MassMutual Private Wealth & Trust FSB increased its holdings in Ryder System by 36.8% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 160 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 43 shares during the period. Finally, Root Financial Partners LLC increased its holdings in Ryder System by 45.5% in the first quarter. Root Financial Partners LLC now owns 243 shares of the transportation company’s stock valued at $50,000 after purchasing an additional 76 shares during the period. 87.47% of the stock is owned by institutional investors.

More Ryder System News

Here are the key news stories impacting Ryder System this week:

• Positive Sentiment: Ryder completed its acquisition of Efficiency Enterprises, adding six locations across Florida, New York, Maryland and Delaware, along with about 50 technicians. The deal expands Ryder’s East Coast fleet-services network and its capacity to provide maintenance, leasing and fleet-management services; financial terms were not disclosed. Ryder acquisition announcement
• Positive Sentiment: A Zacks article highlighted Ryder as a possible momentum pick, reinforcing the stock’s recent momentum narrative, although the available report provides no specific new company developments. Zacks momentum article
• Negative Sentiment: Multiple insiders reported selling shares: EVP Thomas Michael Regan sold 3,032 shares, Thomas Havens sold 5,500, and CFO Cristina Gallo-Aquino sold 1,238. Each retained a substantial holding, and insider sales do not necessarily signal a change in business outlook, but the cluster of transactions could temper investor sentiment. Insider transaction report

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.