Insider Selling: 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 that occurred on Thursday, April 25th. The shares were sold at an average price of $119.16, for a total value of $437,436.36. Following the completion of the transaction, the director now directly owns 38,413 shares in the company, valued at $4,577,293.08. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Ryder System Price Performance

Shares of NYSE R opened at $122.40 on Thursday. Ryder System, Inc. has a 1-year low of $77.60 and a 1-year high of $126.04. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.82 and a quick ratio of 0.82. The business’s fifty day moving average price is $115.62 and its two-hundred day moving average price is $111.26. The firm has a market capitalization of $5.36 billion, a PE ratio of 15.94 and a beta of 1.40.

Ryder System (NYSE:R) last issued its earnings results on Tuesday, April 23rd. The transportation company reported $2.14 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.43. Ryder System had a return on equity of 18.38% and a net margin of 2.95%. The firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.06 billion. During the same period last year, the company earned $2.81 earnings per share. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, research analysts expect that Ryder System, Inc. will post 11.98 EPS for the current year.

Ryder System Dividend Announcement

The business also recently announced 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 2.32%. The ex-dividend date was Friday, February 16th. Ryder System’s dividend payout ratio is presently 36.98%.

Analyst Ratings Changes

R has been the topic of a number of recent analyst reports. 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 report on Thursday, February 15th. JPMorgan Chase & Co. upped 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. Robert W. Baird reissued a “buy” rating and set a $140.00 price target on shares of Ryder System in a research report on Wednesday, January 3rd. Vertical Research lowered Ryder System from a “buy” rating to a “hold” rating and set a $120.00 price target on the stock. in a research report on Wednesday, January 10th. Finally, Stephens upped their price target on Ryder System from $113.00 to $120.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $126.83.

Institutional Investors Weigh In On Ryder System

Several large investors have recently added to or reduced their stakes in the stock. Capstone Investment Advisors LLC increased its holdings in shares of Ryder System by 8.3% during the first quarter. Capstone Investment Advisors LLC now owns 4,111 shares of the transportation company’s stock valued at $494,000 after purchasing an additional 315 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of Ryder System by 73.0% during the first quarter. Janney Montgomery Scott LLC now owns 4,717 shares of the transportation company’s stock valued at $567,000 after purchasing an additional 1,990 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of Ryder System by 76.9% during the first quarter. BNP Paribas Financial Markets now owns 75,344 shares of the transportation company’s stock valued at $9,056,000 after purchasing an additional 32,754 shares during the period. Private Advisor Group LLC increased its holdings in shares of Ryder System by 9.2% during the first quarter. Private Advisor Group LLC now owns 16,430 shares of the transportation company’s stock valued at $1,975,000 after purchasing an additional 1,388 shares during the period. Finally, Retirement Systems of Alabama increased its holdings in shares of Ryder System by 0.3% during the first quarter. Retirement Systems of Alabama now owns 55,658 shares of the transportation company’s stock valued at $6,690,000 after purchasing an additional 146 shares during the period. 87.47% of the stock is owned by institutional investors and hedge funds.

Ryder System Company Profile

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.