Ryder System, Inc. (NYSE:R) Director Sells $437,436.36 in Stock

Ryder System, Inc. (NYSE:R) Director E Follin Smith sold 3,671 shares of the stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $119.16, for a total value of $437,436.36. Following the sale, the director now owns 38,413 shares in the company, valued at $4,577,293.08. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Ryder System Trading Up 0.9 %

Shares of R stock traded up $1.16 during trading hours on Monday, reaching $123.11. The company had a trading volume of 267,319 shares, compared to its average volume of 265,508. The company has a 50 day moving average of $115.04 and a 200 day moving average of $110.97. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market cap of $5.40 billion, a price-to-earnings ratio of 16.05 and a beta of 1.40. Ryder System, Inc. has a 1-year low of $77.60 and a 1-year high of $123.79.

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

Ryder System Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 20th were paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 2.31%. The ex-dividend date was Friday, February 16th. Ryder System’s payout ratio is presently 36.98%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on R. Vertical Research lowered Ryder System from a “buy” rating to a “hold” rating and set a $120.00 price target on the stock. in a research report on Wednesday, January 10th. Robert W. Baird restated a “buy” rating and set a $140.00 price target on shares of Ryder System in a research report on Wednesday, January 3rd. The Goldman Sachs Group upped their price objective on Ryder System from $122.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Wells Fargo & Company upped their price objective on Ryder System from $100.00 to $120.00 and gave the stock an “equal weight” rating in a report on Thursday, February 15th. Finally, JPMorgan Chase & Co. upped their price objective on Ryder System from $120.00 to $126.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $126.83.

Institutional Trading of Ryder System

Several hedge funds have recently added to or reduced their stakes in R. Wellington Management Group LLP increased its holdings in Ryder System by 1,051.0% during the 3rd quarter. Wellington Management Group LLP now owns 2,551,559 shares of the transportation company’s stock worth $272,889,000 after purchasing an additional 2,329,880 shares in the last quarter. Norges Bank bought a new position in shares of Ryder System in the 4th quarter valued at about $86,647,000. Fuller & Thaler Asset Management Inc. bought a new position in shares of Ryder System in the 3rd quarter valued at about $25,233,000. LSV Asset Management grew its holdings in shares of Ryder System by 13.5% in the 3rd quarter. LSV Asset Management now owns 1,570,462 shares of the transportation company’s stock valued at $167,961,000 after acquiring an additional 187,174 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in shares of Ryder System by 29.1% in the 4th quarter. Sei Investments Co. now owns 756,302 shares of the transportation company’s stock valued at $87,024,000 after acquiring an additional 170,650 shares in the last quarter. Institutional investors and hedge funds own 87.47% of the company’s stock.

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.