Ryder System, Inc. (NYSE:R) saw unusually large options trading on Wednesday. Stock investors purchased 384 put options on the company. This represents an increase of 638% compared to the average daily volume of 52 put options.

In related news, EVP Robert D. Fatovic sold 17,755 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $82.44, for a total transaction of $1,463,722.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Karen M. Jones sold 4,790 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $81.78, for a total value of $391,726.20. The disclosure for this sale can be found here. Insiders have sold 63,633 shares of company stock valued at $5,174,795 over the last 90 days. 1.95% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Ryder System by 8.7% in 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 period. Cambridge Investment Research Advisors Inc. boosted its position in shares of Ryder System by 4.8% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 6,099 shares of the transportation company’s stock valued at $439,000 after buying an additional 282 shares during the last quarter. Advisor Group Inc. boosted its position in shares of Ryder System by 5.8% during the second quarter. Advisor Group Inc. now owns 9,348 shares of the transportation company’s stock valued at $672,000 after buying an additional 514 shares during the last quarter. Comerica Securities Inc. boosted its position in shares of Ryder System by 1.5% during the second quarter. Comerica Securities Inc. now owns 38,043 shares of the transportation company’s stock valued at $2,738,000 after buying an additional 550 shares during the last quarter. Finally, Intact Investment Management Inc. boosted its position in shares of Ryder System by 12.2% during the second quarter. Intact Investment Management Inc. now owns 5,500 shares of the transportation company’s stock valued at $396,000 after buying an additional 600 shares during the last quarter. 89.35% of the stock is owned by hedge funds and other institutional investors.

Shares of Ryder System (NYSE R) opened at $86.95 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 2.39. Ryder System has a one year low of $62.52 and a one year high of $88.26. The company has a market capitalization of $4,590.00, a P/E ratio of 23.44, a price-to-earnings-growth ratio of 1.11 and a beta of 1.51.

Ryder System (NYSE:R) last announced its quarterly earnings data on Tuesday, October 24th. The transportation company reported $1.33 EPS for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.04. Ryder System had a return on equity of 10.72% and a net margin of 2.75%. The firm had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter last year, the firm posted $1.67 earnings per share. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. equities research analysts expect that Ryder System will post 4.51 EPS for the current fiscal year.

Ryder System announced that its Board of Directors has approved a share buyback plan on Thursday, December 14th that permits the company to repurchase 1,500,000 shares. This repurchase authorization permits the transportation company to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Several research firms recently commented on R. Robert W. Baird reaffirmed an “outperform” rating and set a $98.00 target price (up previously from $84.00) on shares of Ryder System in a research note on Monday, October 2nd. ValuEngine cut Ryder System from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. KeyCorp raised Ryder System from a “sector weight” rating to an “overweight” rating in a research note on Wednesday, September 13th. Aegis reissued a “buy” rating and issued a $91.00 price objective (up previously from $84.00) on shares of Ryder System in a research note on Tuesday, October 10th. Finally, Zacks Investment Research raised Ryder System from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a research note on Tuesday, October 31st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $85.00.

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About Ryder System

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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