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.
COPYRIGHT VIOLATION NOTICE: This report was originally posted by BBNS and is owned by of BBNS. If you are viewing this report on another publication, it was illegally copied and republished in violation of U.S. and international trademark and copyright laws. The original version of this report can be accessed at https://baseballnewssource.com/markets/ryder-system-target-of-unusually-large-options-trading-r/1700386.html.
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.
Receive News & Ratings for Ryder System Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ryder System Inc. and related companies with our FREE daily email newsletter.