Ryder System (NYSE:R) EVP Thomas Michael Regan Sells 3,032 Shares of Company Stock

Ryder System, Inc. (NYSE:R) EVP Thomas Michael Regan sold 3,032 shares of the company’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $288.05, for a total transaction of $873,367.60. Following the completion of the sale, the executive vice president owned 2,751 shares in the company, valued at approximately $792,425.55. This trade represents a 52.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Ryder System Stock Down 1.3%

Shares of NYSE R traded down $3.60 on Tuesday, reaching $281.98. 319,113 shares of the company’s stock traded hands, compared to its average volume of 362,919. Ryder System, Inc. has a 12 month low of $161.41 and a 12 month high of $291.02. The business’s 50 day simple moving average is $245.73 and its two-hundred day simple moving average is $237.66. The company has a market cap of $10.78 billion, a price-to-earnings ratio of 21.49 and a beta of 1.05. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.86.

Ryder System (NYSE:R) last issued its quarterly earnings results on Thursday, October 22nd. The transportation company reported $4.33 EPS for the quarter, topping analysts’ consensus estimates of $4.15 by $0.18. Ryder System had a return on equity of 19.14% and a net margin of 3.98%. The firm had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.38 billion. During the same period in the previous year, the firm posted $3.57 EPS. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. As a group, equities research analysts forecast that Ryder System, Inc. will post 15.07 EPS for the current fiscal year.

Ryder System Dividend Announcement

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

Key Headlines Impacting Ryder System

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 approximately 50 technicians. The expanded footprint could strengthen Ryder’s fleet-management, maintenance and leasing network on the East Coast. Ryder acquisition announcement
• Positive Sentiment: A Zacks article highlighted Ryder as a potential momentum pick, reflecting favorable recent share-price trends, though the item provided no new company-specific financial developments. Zacks momentum article
• Neutral Sentiment: Ryder’s latest reported quarter showed earnings and revenue above analyst expectations, with revenue up 8.3% year over year. This provides a supportive fundamental backdrop, but the results were announced earlier and are not a new catalyst today.
• Negative Sentiment: Two insiders disclosed sales: CFO Cristina Gallo-Aquino sold 1,238 shares, about 4.1% of her position, and Thomas Havens sold 5,500 shares, about 16.6% of his position. Such sales can weigh on sentiment, although both retained substantial holdings. CFO sale filing Havens sale filing

Institutional Investors Weigh In On Ryder System

Several institutional investors and hedge funds have recently made changes to their positions in R. Ethic Inc. lifted its position in Ryder System by 22.4% in the 3rd quarter. Ethic Inc. now owns 14,174 shares of the transportation company’s stock valued at $3,230,000 after acquiring an additional 2,594 shares in the last quarter. Ashton Thomas Private Wealth LLC raised its stake in Ryder System by 4.4% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 1,898 shares of the transportation company’s stock valued at $432,000 after buying an additional 80 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Ryder System by 49.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 16,108 shares of the transportation company’s stock valued at $3,670,000 after buying an additional 5,350 shares during the period. Kestra Private Wealth Services LLC boosted its stake in shares of Ryder System by 20.0% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 3,604 shares of the transportation company’s stock worth $821,000 after buying an additional 600 shares during the last quarter. Finally, Chicago Partners Investment Group LLC bought a new stake in shares of Ryder System in the third quarter worth $403,000. Institutional investors own 87.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on R shares. Barclays increased their target price on Ryder System from $300.00 to $315.00 and gave the stock an “overweight” rating in a research note on Friday, October 23rd. Citizens Jmp assumed coverage on Ryder System in a research report on Wednesday, July 15th. They issued a “market perform” rating for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ryder System in a research report on Monday, August 24th. Wells Fargo & Company upped their price target 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. Finally, 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 report on Tuesday, October 27th. Eight research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $296.67.

Ryder System Company Profile

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.