Ryder System, Inc. (NYSE:R) Director David G. Nord bought 2,000 shares of the stock in a transaction on Thursday, November 8th. The stock was purchased at an average cost of $57.24 per share, with a total value of $114,480.00. Following the purchase, the director now directly owns 3,990 shares of the company’s stock, valued at approximately $228,387.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Ryder System stock traded down $0.56 on Friday, hitting $56.35. The company had a trading volume of 587,791 shares, compared to its average volume of 782,577. The stock has a market capitalization of $3.05 billion, a PE ratio of 12.44 and a beta of 1.63. Ryder System, Inc. has a twelve month low of $53.97 and a twelve month high of $90.26. The company has a quick ratio of 0.64, a current ratio of 0.67 and a debt-to-equity ratio of 1.86.

Ryder System (NYSE:R) last released its quarterly earnings results on Friday, October 26th. The transportation company reported $1.64 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.65 by ($0.01). The company had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.11 billion. Ryder System had a net margin of 9.98% and a return on equity of 9.88%. The firm’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.33 EPS. Equities analysts anticipate that Ryder System, Inc. will post 5.79 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Monday, November 19th will be issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 3.83%. The ex-dividend date of this dividend is Friday, November 16th. Ryder System’s payout ratio is 47.68%.

A number of institutional investors and hedge funds have recently made changes to their positions in R. Janus Henderson Group PLC boosted its holdings in Ryder System by 222.1% during the third quarter. Janus Henderson Group PLC now owns 1,022,619 shares of the transportation company’s stock worth $74,723,000 after purchasing an additional 705,115 shares during the last quarter. Luminus Management LLC acquired a new position in Ryder System during the second quarter worth $37,626,000. Pzena Investment Management LLC boosted its holdings in Ryder System by 25.8% during the second quarter. Pzena Investment Management LLC now owns 2,086,223 shares of the transportation company’s stock worth $149,916,000 after purchasing an additional 427,482 shares during the last quarter. BlackRock Inc. boosted its holdings in Ryder System by 4.7% during the second quarter. BlackRock Inc. now owns 6,325,825 shares of the transportation company’s stock worth $454,573,000 after purchasing an additional 282,892 shares during the last quarter. Finally, SG Capital Management LLC acquired a new position in Ryder System during the third quarter worth $15,812,000. Institutional investors and hedge funds own 90.64% of the company’s stock.

Several brokerages have commented on R. Zacks Investment Research raised shares of Ryder System from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a research note on Tuesday, August 21st. Stifel Nicolaus upped their price target on shares of Ryder System from $76.00 to $81.00 and gave the company a “hold” rating in a report on Thursday, July 26th. Mizuho reiterated a “buy” rating and issued a $90.00 price target on shares of Ryder System in a report on Thursday, July 26th. Deutsche Bank started coverage on shares of Ryder System in a report on Tuesday, September 4th. They issued a “buy” rating and a $88.00 price target for the company. Finally, ValuEngine cut shares of Ryder System from a “hold” rating to a “sell” rating in a report on Wednesday, September 19th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $79.82.

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Ryder System Company Profile

Ryder System, Inc provides transportation and supply chain management solutions worldwide. The company operates through three segments: Fleet Management Solutions (FMS), Dedicated Transportation Solutions (DTS), and Supply Chain Solutions (SCS). 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 ancillary maintenance and fleet support services.

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