Insider Selling: Ryder System, Inc. (NYSE:R) Insider Sells $955,200.00 in Stock

Ryder System, Inc. (NYSE:R) insider Thomas M. Havens sold 8,000 shares of the company’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $119.40, for a total transaction of $955,200.00. Following the sale, the insider now directly owns 24,401 shares in the company, valued at approximately $2,913,479.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Ryder System Price Performance

Shares of NYSE R opened at $122.40 on Thursday. Ryder System, Inc. has a fifty-two week low of $77.60 and a fifty-two week high of $126.04. The stock has a market cap of $5.36 billion, a price-to-earnings ratio of 15.94 and a beta of 1.40. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.82 and a current ratio of 0.82. The firm’s 50-day simple moving average is $115.62 and its 200 day simple moving average is $111.26.

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

Ryder System Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 20th were paid a $0.71 dividend. The ex-dividend date was Friday, February 16th. This represents a $2.84 annualized dividend and a yield of 2.32%. Ryder System’s dividend payout ratio (DPR) is 36.98%.

Institutional Investors Weigh In On Ryder System

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new stake in Ryder System in the 3rd quarter valued at about $26,000. Contravisory Investment Management Inc. purchased a new stake in shares of Ryder System during the 4th quarter worth approximately $26,000. GAMMA Investing LLC purchased a new stake in shares of Ryder System during the 4th quarter worth approximately $45,000. CWM LLC increased its stake in shares of Ryder System by 33.9% during the 3rd quarter. CWM LLC now owns 438 shares of the transportation company’s stock worth $47,000 after purchasing an additional 111 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its stake in shares of Ryder System by 406.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 506 shares of the transportation company’s stock worth $54,000 after purchasing an additional 406 shares during the last quarter. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Ryder System from $120.00 to $126.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Wells Fargo & Company increased their price objective on shares of Ryder System from $100.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 15th. The Goldman Sachs Group increased their price objective on shares of Ryder System from $122.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. StockNews.com raised shares of Ryder System from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. Finally, Stephens increased their price objective on shares of Ryder System from $113.00 to $120.00 and gave the stock 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $126.83.

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.