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

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

Ryder System Stock Up 0.7%

Ryder System stock opened at $283.65 on Thursday. The stock has a market cap of $10.84 billion, a price-to-earnings ratio of 21.62 and a beta of 1.04. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.86. The company’s 50-day moving average price is $247.23 and its two-hundred day moving average price is $238.55. Ryder System, Inc. has a 52 week low of $161.41 and a 52 week high of $291.02.

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

Ryder System Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Janney Montgomery Scott set a $285.00 target price on Ryder System in a research report on Thursday, October 8th. Susquehanna lifted their price target on Ryder System from $280.00 to $318.00 and gave the company a “positive” rating in a research report on Tuesday, October 27th. Weiss Ratings reissued a “buy (b)” rating on shares of Ryder System in a research note on Monday, August 24th. JPMorgan Chase & Co. boosted their price objective on Ryder System from $298.00 to $315.00 and gave the stock an “overweight” rating in a research note on Friday, October 23rd. Finally, Barclays upped their price objective on Ryder System from $300.00 to $315.00 and gave the company an “overweight” rating in a report on Friday, October 23rd. Eight investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $296.67.

Institutional Trading of Ryder System

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Lido Advisors LLC boosted its stake in Ryder System by 7.0% in the 3rd quarter. Lido Advisors LLC now owns 4,966 shares of the transportation company’s stock worth $1,132,000 after purchasing an additional 323 shares during the period. New York Life Investment Management LLC raised its stake in Ryder System by 10.9% during the 3rd quarter. New York Life Investment Management LLC now owns 5,529 shares of the transportation company’s stock valued at $1,260,000 after purchasing an additional 544 shares during the period. Beverly Hills Private Wealth LLC raised its stake in Ryder System by 19.8% during the 3rd quarter. Beverly Hills Private Wealth LLC now owns 1,433 shares of the transportation company’s stock valued at $327,000 after purchasing an additional 237 shares during the period. Brighton Jones LLC raised its stake in Ryder System by 11.2% during the 3rd quarter. Brighton Jones LLC now owns 947 shares of the transportation company’s stock valued at $216,000 after purchasing an additional 95 shares during the period. Finally, Ethic Inc. lifted its holdings in shares of Ryder System by 22.4% in the third quarter. Ethic Inc. now owns 14,174 shares of the transportation company’s stock valued at $3,230,000 after purchasing an additional 2,594 shares in the last quarter. 87.47% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Ryder System

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

• Positive Sentiment: Ryder’s acquisition adds six facilities and about 50 technicians across the East Coast, expanding its fleet maintenance and services network. The acquired business is projected to contribute nearly $50 million in 2027 revenue; deal terms were not disclosed. Zacks acquisition analysis
• Negative Sentiment: Several insiders have sold shares recently. EVP Thomas Michael Regan sold 3,032 shares, while Thomas Havens sold 5,500 and CFO Cristina Gallo-Aquino sold 1,238. These transactions could temper sentiment, although the executives retained shares and the sales alone do not establish a change in the company’s outlook. Insider transaction report

About Ryder System

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.