Ryder System, Inc. (NYSE:R – Get Free Report) EVP Rajeev Ravindran sold 2,696 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $221.61, for a total transaction of $597,460.56. Following the transaction, the executive vice president owned 18,136 shares in the company, valued at $4,019,118.96. This represents a 12.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Rajeev Ravindran also recently made the following trade(s):
- On Friday, February 13th, Rajeev Ravindran sold 14,367 shares of Ryder System stock. The stock was sold at an average price of $211.73, for a total value of $3,041,924.91.
Ryder System Stock Performance
Shares of NYSE R opened at $224.14 on Friday. Ryder System, Inc. has a 1 year low of $125.54 and a 1 year high of $230.38. The firm has a market cap of $8.84 billion, a P/E ratio of 18.73 and a beta of 0.96. The stock has a fifty day moving average price of $198.78 and a two-hundred day moving average price of $186.51. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.89 and a current ratio of 0.89.
Ryder System Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Tuesday, February 17th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Tuesday, February 17th. Ryder System’s payout ratio is presently 30.41%.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the business. Orion Porfolio Solutions LLC boosted its position in Ryder System by 2.4% during the 4th quarter. Orion Porfolio Solutions LLC now owns 2,262 shares of the transportation company’s stock worth $433,000 after acquiring an additional 52 shares during the period. Vectors Research Management LLC grew its position in Ryder System by 0.3% during the fourth quarter. Vectors Research Management LLC now owns 18,512 shares of the transportation company’s stock valued at $3,543,000 after purchasing an additional 61 shares in the last quarter. GAMMA Investing LLC increased its stake in Ryder System by 4.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,368 shares of the transportation company’s stock valued at $258,000 after buying an additional 62 shares during the period. Burns Matteson Capital Management LLC lifted its position in Ryder System by 2.4% in the 4th quarter. Burns Matteson Capital Management LLC now owns 2,657 shares of the transportation company’s stock worth $509,000 after buying an additional 63 shares in the last quarter. Finally, Inspire Investing LLC lifted its position in Ryder System by 4.0% in the 4th quarter. Inspire Investing LLC now owns 1,709 shares of the transportation company’s stock worth $327,000 after buying an additional 65 shares in the last quarter. 87.47% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on R shares. Citigroup lifted their price target on shares of Ryder System from $218.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. Susquehanna lifted their target price on Ryder System from $235.00 to $250.00 and gave the stock a “positive” rating in a report on Friday, February 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ryder System in a research report on Thursday, January 22nd. Morgan Stanley upped their target price on Ryder System from $190.00 to $250.00 and gave the company an “overweight” rating in a report on Monday, December 8th. Finally, Wells Fargo & Company lifted their price target on Ryder System from $210.00 to $236.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $215.44.
About Ryder System
Ryder System, Inc is a leading provider of transportation and supply chain management solutions, serving commercial customers across a range of industries. The company’s Fleet Management Solutions segment offers full-service leasing and rental of medium- and heavy-duty trucks, tractors and trailers, along with maintenance and repair services at its network of service locations. Its Supply Chain Solutions segment provides integrated, technology-driven offerings that span managed transportation, dedicated contract carriage, warehousing and distribution, and e-commerce fulfillment.
Founded in 1933 and headquartered in Miami, Florida, Ryder has grown from a regional truck leasing operation into a diversified, global logistics provider.
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