Karen M. Jones Sells 7,269 Shares of Ryder System, Inc. (NYSE:R) Stock

Ryder System, Inc. (NYSE:RGet Rating) CMO Karen M. Jones sold 7,269 shares of the stock in a transaction that occurred on Wednesday, May 4th. The stock was sold at an average price of $73.63, for a total value of $535,216.47. Following the completion of the transaction, the chief marketing officer now owns 6,963 shares of the company’s stock, valued at $512,685.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

NYSE:R opened at $74.32 on Friday. Ryder System, Inc. has a 52 week low of $61.71 and a 52 week high of $93.05. The company has a fifty day simple moving average of $74.21 and a two-hundred day simple moving average of $78.39. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 1.97. The company has a market cap of $3.80 billion, a price-to-earnings ratio of 6.17 and a beta of 1.77.

Ryder System (NYSE:RGet Rating) last released its earnings results on Wednesday, April 27th. The transportation company reported $3.59 EPS for the quarter, topping the consensus estimate of $2.36 by $1.23. The firm had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.57 billion. Ryder System had a return on equity of 24.86% and a net margin of 6.25%. Ryder System’s revenue for the quarter was up 28.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.09 EPS. On average, analysts expect that Ryder System, Inc. will post 13.99 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 17th. Investors of record on Monday, May 23rd will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 3.12%. Ryder System’s dividend payout ratio is currently 19.27%.

A number of equities analysts have recently weighed in on R shares. Wells Fargo & Company lowered their price target on Ryder System from $90.00 to $88.00 and set an “equal weight” rating for the company in a report on Thursday, February 17th. JPMorgan Chase & Co. dropped their price target on shares of Ryder System from $88.00 to $71.00 and set a “neutral” rating for the company in a research report on Friday, April 8th. Wolfe Research cut shares of Ryder System from a “peer perform” rating to an “underperform” rating in a research report on Tuesday, April 5th. Stephens boosted their target price on Ryder System from $92.00 to $94.00 and gave the company an “equal weight” rating in a research report on Thursday, February 17th. Finally, StockNews.com lowered Ryder System from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Ryder System presently has an average rating of “Hold” and a consensus target price of $87.83.

Hedge funds and other institutional investors have recently bought and sold shares of the business. HG Vora Capital Management LLC lifted its holdings in Ryder System by 130.8% during the 4th quarter. HG Vora Capital Management LLC now owns 3,000,000 shares of the transportation company’s stock worth $247,290,000 after buying an additional 1,700,000 shares during the last quarter. BlackRock Inc. boosted its holdings in Ryder System by 16.8% in the third quarter. BlackRock Inc. now owns 8,314,634 shares of the transportation company’s stock valued at $687,702,000 after purchasing an additional 1,193,272 shares in the last quarter. LSV Asset Management increased its stake in Ryder System by 225.2% in the fourth quarter. LSV Asset Management now owns 969,639 shares of the transportation company’s stock valued at $79,927,000 after purchasing an additional 671,489 shares during the last quarter. Moors & Cabot Inc. acquired a new stake in Ryder System during the third quarter worth approximately $572,000. Finally, FMR LLC lifted its position in shares of Ryder System by 574.2% during the 1st quarter. FMR LLC now owns 583,279 shares of the transportation company’s stock worth $36,157,000 after buying an additional 496,769 shares during the last quarter. Institutional investors own 87.24% of the company’s stock.

Ryder System Company Profile (Get Rating)

Ryder System, Inc operates as a logistics and transportation company worldwide. The company operates through three segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Transportation Solutions (DTS). The FMS segment offers full service leasing and leasing with flexible maintenance options, as well as maintenance services, supplies, and related equipment for operation of the vehicles; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers, as well as fleet support services.

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