Ryder System Target of Unusually Large Options Trading (R)

Ryder System, Inc. (NYSE:R) was the target of unusually large options trading on Wednesday. Stock investors acquired 8,661 put options on the stock. This represents an increase of 1,716% compared to the typical volume of 477 put options.

A number of equities research analysts recently weighed in on R shares. Zacks Investment Research upgraded Ryder System from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research note on Friday, July 7th. BidaskClub cut Ryder System from a “buy” rating to a “hold” rating in a research note on Sunday, July 30th. ValuEngine upgraded Ryder System from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Stifel Nicolaus restated a “hold” rating and set a $68.00 price objective on shares of Ryder System in a research note on Tuesday, September 5th. Finally, KeyCorp upgraded Ryder System from a “sector weight” rating to an “overweight” rating in a research note on Wednesday, September 13th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $81.83.

Ryder System (R) opened at 83.37 on Monday. Ryder System has a 12 month low of $62.03 and a 12 month high of $85.50. The company’s 50-day moving average price is $79.40 and its 200 day moving average price is $72.96. The firm has a market capitalization of $4.42 billion, a price-to-earnings ratio of 20.07 and a beta of 1.41.

Ryder System (NYSE:R) last announced its quarterly earnings results on Wednesday, July 26th. The transportation company reported $1.00 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.07. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.76 billion. Ryder System had a return on equity of 11.71% and a net margin of 3.17%. Ryder System’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.56 EPS. Analysts predict that Ryder System will post $4.45 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Monday, November 20th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.21%. Ryder System’s dividend payout ratio (DPR) is 44.12%.

In related news, insider Dennis C. Cooke sold 9,650 shares of the company’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $72.75, for a total transaction of $702,037.50. Following the completion of the sale, the insider now directly owns 2,883 shares in the company, valued at approximately $209,738.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John S. Sensing sold 4,502 shares of the company’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $73.01, for a total value of $328,691.02. The disclosure for this sale can be found here. Insiders sold a total of 40,427 shares of company stock valued at $2,933,827 over the last quarter. Company insiders own 1.95% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. BlueMountain Capital Management LLC purchased a new stake in shares of Ryder System in the 2nd quarter valued at about $109,000. Private Advisor Group LLC purchased a new stake in shares of Ryder System in the 1st quarter valued at about $116,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Ryder System by 8.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,953 shares of the transportation company’s stock valued at $141,000 after purchasing an additional 156 shares during the last quarter. JFS Wealth Advisors LLC lifted its holdings in shares of Ryder System by 1.1% in the 2nd quarter. JFS Wealth Advisors LLC now owns 2,160 shares of the transportation company’s stock valued at $156,000 after purchasing an additional 24 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. lifted its holdings in shares of Ryder System by 94.7% in the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 2,550 shares of the transportation company’s stock valued at $183,000 after purchasing an additional 1,240 shares during the last quarter. 89.54% of the stock is owned by institutional investors and hedge funds.

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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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