Karen M. Jones Sells 4,790 Shares of Ryder System, Inc. (R) Stock
Ryder System, Inc. (NYSE:R) CMO Karen M. Jones sold 4,790 shares of the company’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $81.78, for a total transaction of $391,726.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Ryder System, Inc. (NYSE:R) opened at $82.34 on Friday. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.96 and a current ratio of 1.02. The company has a market cap of $4,359.74, a PE ratio of 19.51, a P/E/G ratio of 1.22 and a beta of 1.51.
Ryder System (NYSE:R) last released its quarterly earnings data on Tuesday, October 24th. The transportation company reported $1.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.04. Ryder System had a net margin of 2.75% and a return on equity of 10.72%. The firm had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period last year, the firm earned $1.67 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis. equities analysts expect that Ryder System, Inc. will post 4.5 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Monday, November 20th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Friday, November 17th. This represents a $1.84 dividend on an annualized basis and a yield of 2.23%. Ryder System’s payout ratio is 49.86%.
Large investors have recently bought and sold shares of the stock. BlueMountain Capital Management LLC purchased a new stake in Ryder System during the second quarter valued at approximately $109,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Ryder System by 8.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,953 shares of the transportation company’s stock valued at $141,000 after acquiring an additional 156 shares during the last quarter. JFS Wealth Advisors LLC lifted its position in Ryder System by 1.1% during the second quarter. JFS Wealth Advisors LLC now owns 2,160 shares of the transportation company’s stock valued at $156,000 after acquiring an additional 24 shares during the last quarter. Edmond DE Rothschild Holding S.A. lifted its position in Ryder System by 94.7% during the second quarter. Edmond DE Rothschild Holding S.A. now owns 2,550 shares of the transportation company’s stock valued at $183,000 after acquiring an additional 1,240 shares during the last quarter. Finally, Clear Investment Research LLC purchased a new stake in Ryder System during the second quarter valued at approximately $190,000. 89.64% of the stock is owned by institutional investors.
A number of equities analysts have commented on the stock. BidaskClub upgraded shares of Ryder System from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Zacks Investment Research downgraded shares of Ryder System from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. ValuEngine downgraded shares of Ryder System from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Buckingham Research upped their target price on shares of Ryder System from $92.00 to $93.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Finally, Robert W. Baird reiterated an “outperform” rating and set a $98.00 price objective (up from $84.00) on shares of Ryder System in a research note on Monday, October 2nd. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $85.00.
Ryder System Company Profile
Ryder System, Inc is engaged in offering transportation and supply chain management solutions. The Company operates through three segments: Fleet Management Solutions (FMS), which provides leasing, commercial rental, contract maintenance, and contract-related maintenance of trucks, tractors and trailers to customers principally in the United States, Canada and the United Kingdom; Dedicated Transportation Solutions (DTS), which provides vehicles and drivers as part of a dedicated transportation solution in the United States, and Supply Chain Solutions (SCS), which provides supply chain solutions, including distribution and transportation services in North America and Asia.
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