John S. Sensing Sells 11,920 Shares of Ryder System, Inc. (NYSE:R) Stock

Ryder System, Inc. (NYSE:R) insider John S. Sensing sold 11,920 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $126.12, for a total transaction of $1,503,350.40. Following the sale, the insider now owns 55,375 shares in the company, valued at approximately $6,983,895. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Ryder System Price Performance

Shares of R stock traded up $1.94 on Thursday, reaching $127.40. The company’s stock had a trading volume of 216,192 shares, compared to its average volume of 263,293. The company has a market capitalization of $5.58 billion, a price-to-earnings ratio of 16.51 and a beta of 1.38. The stock’s fifty day simple moving average is $117.06 and its 200-day simple moving average is $112.13. 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, Inc. has a 1 year low of $77.60 and a 1 year high of $127.55.

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. The business had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.06 billion. Ryder System had a net margin of 2.95% and a return on equity of 18.38%. The business’s revenue was up 4.9% on a year-over-year basis. During the same period last year, the company posted $2.81 EPS. Analysts forecast that Ryder System, Inc. will post 11.98 earnings per share for the current fiscal year.

Ryder System Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Monday, May 20th will be issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date is Friday, May 17th. Ryder System’s dividend payout ratio (DPR) is 36.98%.

Hedge Funds Weigh In On Ryder System

Several large investors have recently modified their holdings of R. Contravisory Investment Management Inc. bought a new position in shares of Ryder System in the fourth quarter worth about $26,000. Headlands Technologies LLC bought a new position in Ryder System in the third quarter worth approximately $26,000. GAMMA Investing LLC bought a new stake in Ryder System during the 4th quarter valued at $45,000. Creekmur Asset Management LLC bought a new stake in shares of Ryder System in the fourth quarter valued at about $68,000. Finally, CWM LLC increased its position in Ryder System by 62.0% during the 1st quarter. CWM LLC now owns 643 shares of the transportation company’s stock valued at $77,000 after purchasing an additional 246 shares during the period. Institutional investors own 87.47% of the company’s stock.

Wall Street Analyst Weigh In

R has been the subject of several recent analyst reports. Stephens upped their target price on shares of Ryder System from $113.00 to $120.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 24th. Vertical Research downgraded Ryder System from a “buy” rating to a “hold” rating and set a $120.00 target price on the stock. in a research note on Wednesday, January 10th. JPMorgan Chase & Co. upped their price target on Ryder System from $120.00 to $126.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Wells Fargo & Company lifted their price objective on shares of Ryder System from $100.00 to $120.00 and gave the company an “equal weight” rating in a research report on Thursday, February 15th. Finally, The Goldman Sachs Group upped their target price on shares of Ryder System from $122.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ryder System has an average rating of “Hold” and a consensus price target 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.