Ryder System, Inc. (NYSE:R) Director Sells $437,436.36 in Stock

Ryder System, Inc. (NYSE:R) Director E Follin Smith sold 3,671 shares of the company’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $119.16, for a total transaction of $437,436.36. Following the sale, the director now directly owns 38,413 shares of the company’s stock, valued at $4,577,293.08. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Ryder System Stock Up 0.9 %

Shares of NYSE:R opened at $123.11 on Tuesday. Ryder System, Inc. has a 52 week low of $77.60 and a 52 week high of $123.79. The company has a market capitalization of $5.40 billion, a PE ratio of 16.03 and a beta of 1.40. The company’s fifty day moving average is $115.35 and its 200-day moving average is $111.11. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.82 and a current ratio of 0.82.

Ryder System (NYSE:R) last posted its earnings results on Tuesday, April 23rd. The transportation company reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.43. The company had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.06 billion. Ryder System had a net margin of 2.95% and a return on equity of 18.38%. Ryder System’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.81 earnings per share. Equities research analysts predict that Ryder System, Inc. will post 11.98 earnings per share for the current fiscal year.

Ryder System Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 20th were given a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend was Friday, February 16th. Ryder System’s payout ratio is presently 36.98%.

Hedge Funds Weigh In On Ryder System

A number of institutional investors have recently modified their holdings of R. Headlands Technologies LLC acquired a new position in shares of Ryder System during the third quarter valued at $26,000. Contravisory Investment Management Inc. bought a new stake in Ryder System during the 4th quarter worth about $26,000. GAMMA Investing LLC bought a new stake in Ryder System during the 4th quarter worth about $45,000. CWM LLC lifted its position in Ryder System by 33.9% during the 3rd quarter. CWM LLC now owns 438 shares of the transportation company’s stock valued at $47,000 after purchasing an additional 111 shares during the period. Finally, Exchange Traded Concepts LLC boosted its stake in shares of Ryder System by 406.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 506 shares of the transportation company’s stock valued at $54,000 after purchasing an additional 406 shares during the last quarter. 87.47% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on R. JPMorgan Chase & Co. raised their price target on Ryder System from $120.00 to $126.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Stephens upped their target price on shares of Ryder System from $113.00 to $120.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 24th. Robert W. Baird restated a “buy” rating and set a $140.00 price objective on shares of Ryder System in a report on Wednesday, January 3rd. The Goldman Sachs Group lifted their target price on Ryder System from $122.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Finally, Wells Fargo & Company upped their target price on Ryder System from $100.00 to $120.00 and gave the company an “equal weight” rating in a research note on Thursday, February 15th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Ryder System currently has an average rating of “Hold” and a consensus price target of $126.83.

About Ryder System

Ryder System, Inc operates as a logistics and transportation company worldwide. It 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; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers; access to diesel fuel; and fuel planning and tax reporting, cards, and monitoring services, and centralized billing, as well as sells used vehicles through its retail sales centers and www.ryder.com/used-trucks website, as well as digital and technology support services.