Ryder System (NYSE:R) Insider Thomas Havens Sells 5,500 Shares of Stock

Ryder System, Inc. (NYSE:R) insider Thomas Havens sold 5,500 shares of the business’s stock in a transaction on Friday, October 30th. The shares were sold at an average price of $283.13, for a total transaction of $1,557,215.00. Following the transaction, the insider directly owned 27,574 shares of the company’s stock, valued at approximately $7,807,026.62. This trade represents a 16.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Ryder System Stock Performance

Shares of NYSE:R traded down $3.60 during trading hours on Tuesday, hitting $281.98. The stock had a trading volume of 319,111 shares, compared to its average volume of 362,919. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.67 and a current ratio of 0.67. The stock’s fifty day simple moving average is $245.73 and its 200 day simple moving average is $237.66. The firm has a market capitalization of $10.78 billion, a price-to-earnings ratio of 21.49 and a beta of 1.05. Ryder System, Inc. has a 1-year low of $161.41 and a 1-year high of $291.02.

Ryder System (NYSE:R) last issued its quarterly earnings data on Thursday, October 22nd. The transportation company reported $4.33 earnings per share for the quarter, beating analysts’ consensus estimates of $4.15 by $0.18. The business had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.38 billion. Ryder System had a net margin of 3.98% and a return on equity of 19.14%. The company’s revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the business earned $3.57 earnings per share. Sell-side analysts anticipate that Ryder System, Inc. will post 15.07 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, December 18th. Shareholders of record on Monday, November 23rd will be paid a dividend of $1.01 per share. The ex-dividend date of this dividend is Monday, November 23rd. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.4%. Ryder System’s dividend payout ratio (DPR) is 30.79%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Keating Financial Advisory Services Inc. purchased a new position in shares of Ryder System in the 2nd quarter worth about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Ryder System during the second quarter valued at approximately $30,000. Cedar Mountain Advisors LLC boosted its holdings in Ryder System by 522.7% in the first quarter. Cedar Mountain Advisors LLC now owns 137 shares of the transportation company’s stock worth $28,000 after acquiring an additional 115 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in Ryder System by 36.8% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 160 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 43 shares during the last quarter. Finally, Compass Financial Management LLC bought a new position in shares of Ryder System during the 2nd quarter valued at $54,000. Institutional investors own 87.47% of the company’s stock.

Key Ryder System News

Here are the key news stories impacting Ryder System this week:

• Positive Sentiment: Ryder completed its acquisition of Efficiency Enterprises, adding six fleet-services locations across Florida, New York, Maryland and Delaware, as well as approximately 50 technicians. The deal expands Ryder’s East Coast network and adds fleet management, maintenance and leasing capabilities; financial terms were not disclosed. Ryder acquisition announcement
• Neutral Sentiment: A Zacks article describes Ryder as a potential momentum pick, reflecting recent share-price strength rather than announcing a new business development or financial forecast. Zacks momentum article
• Negative Sentiment: CFO Cristina Gallo-Aquino sold 1,238 shares for about $343,000, reducing her holdings by 4.09%. She still owned 29,026 shares after the sale, which may temper the significance of the transaction. CFO stock sale report

Analysts Set New Price Targets

Several research firms recently weighed in on R. Barclays boosted their price objective on Ryder System from $300.00 to $315.00 and gave the stock an “overweight” rating in a research report on Friday, October 23rd. Citigroup reiterated a “market perform” rating on shares of Ryder System in a research report on Friday, October 23rd. Citizens Jmp initiated coverage on Ryder System in a report on Wednesday, July 15th. They issued a “market perform” rating on the stock. Janney Montgomery Scott set a $285.00 price objective on Ryder System in a report on Thursday, October 8th. Finally, Robert W. Baird cut shares of Ryder System from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $290.00 to $245.00 in a research report on Tuesday, September 29th. Eight equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Ryder System has a consensus rating of “Moderate Buy” and a consensus 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.