Ryder System (NYSE:R) Insider Sells $462,856.53 in Stock

Ryder System, Inc. (NYSE:R) insider Robert Sanchez sold 1,653 shares of the company’s stock in a transaction dated Wednesday, October 28th. The stock was sold at an average price of $280.01, for a total value of $462,856.53. Following the transaction, the insider directly owned 40,828 shares of the company’s stock, valued at approximately $11,432,248.28. This represents a 3.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Ryder System Price Performance

Shares of NYSE R opened at $282.26 on Friday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.67 and a current ratio of 0.67. Ryder System, Inc. has a fifty-two week low of $161.41 and a fifty-two week high of $287.00. The firm has a market capitalization of $10.79 billion, a PE ratio of 21.51 and a beta of 1.05. The stock’s 50-day simple moving average is $245.00 and its 200-day simple moving average is $237.18.

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

Ryder System Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ryder System in a report on Monday, August 24th. Robert W. Baird cut Ryder System from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $290.00 to $245.00 in a research report on Tuesday, September 29th. Wells Fargo & Company raised their price target on Ryder System from $300.00 to $305.00 and gave the stock an “overweight” rating in a research note on Friday, October 23rd. Barclays lifted their price target on Ryder System from $300.00 to $315.00 and gave the stock an “overweight” rating in a research report on Friday, October 23rd. Finally, Stephens boosted their price objective on Ryder System from $280.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, October 23rd. Eight research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $296.67.

Institutional Trading of Ryder System

A number of hedge funds have recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of Ryder System in the 2nd quarter worth about $1,060,749,000. Dimensional Fund Advisors LP grew its stake in Ryder System by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,621,947 shares of the transportation company’s stock worth $331,996,000 after purchasing an additional 6,652 shares in the last quarter. First Trust Advisors LP grew its stake in Ryder System by 81.5% in the first quarter. First Trust Advisors LP now owns 1,010,320 shares of the transportation company’s stock worth $206,822,000 after purchasing an additional 453,697 shares in the last quarter. Bank of America Corp DE bought a new stake in Ryder System in the second quarter valued at about $207,689,000. Finally, Bank of New York Mellon Corp bought a new stake in Ryder System in the second quarter valued at about $136,320,000. Institutional investors and hedge funds own 87.47% of the company’s stock.

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.