Ryder System (NYSE:R) EVP Thomas Michael Regan Sells 3,032 Shares of Company Stock

Ryder System, Inc. (NYSE:R) EVP Thomas Michael Regan sold 3,032 shares of the business’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $288.05, for a total transaction of $873,367.60. Following the completion of the sale, the executive vice president owned 2,751 shares in the company, valued at $792,425.55. This represents a 52.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Ryder System Price Performance

Ryder System stock opened at $281.98 on Wednesday. Ryder System, Inc. has a 52-week low of $161.41 and a 52-week high of $291.02. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.86. The firm’s fifty day moving average is $246.47 and its 200 day moving average is $238.11. The company has a market cap of $10.78 billion, a price-to-earnings ratio of 21.49 and a beta of 1.04.

Ryder System (NYSE:R) last issued its quarterly earnings data on Thursday, October 22nd. The transportation company reported $4.33 EPS for the quarter, topping analysts’ consensus estimates of $4.15 by $0.18. Ryder System had a net margin of 3.98% and a return on equity of 19.14%. The business had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.38 billion. During the same period last year, the company posted $3.57 EPS. The business’s revenue was up 8.3% on a year-over-year basis. Sell-side analysts forecast that Ryder System, Inc. will post 15.07 EPS for the current fiscal year.

Ryder System Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Monday, November 23rd will be given a $1.01 dividend. The ex-dividend date is Monday, November 23rd. This represents a $4.04 annualized dividend and a yield of 1.4%. Ryder System’s dividend payout ratio (DPR) is currently 30.79%.

Institutional Trading of Ryder System

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Ryder System by 36.8% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 160 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 43 shares during the period. Versant Capital Management Inc grew its holdings in shares of Ryder System by 19.2% in the third quarter. Versant Capital Management Inc now owns 317 shares of the transportation company’s stock worth $72,000 after purchasing an additional 51 shares during the last quarter. Quantum Portfolio Management LLC increased its stake in Ryder System by 2.1% in the 1st quarter. Quantum Portfolio Management LLC now owns 2,564 shares of the transportation company’s stock worth $525,000 after buying an additional 52 shares during the period. Baird Financial Group Inc. increased its stake in Ryder System by 0.7% in the 2nd quarter. Baird Financial Group Inc. now owns 9,441 shares of the transportation company’s stock worth $2,490,000 after buying an additional 61 shares during the period. Finally, Parallel Advisors LLC lifted its holdings in Ryder System by 5.2% during the 1st quarter. Parallel Advisors LLC now owns 1,385 shares of the transportation company’s stock valued at $284,000 after buying an additional 68 shares in the last quarter. 87.47% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on R shares. Wells Fargo & Company raised their price objective on Ryder System from $300.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, October 23rd. Robert W. Baird downgraded Ryder System from an “outperform” rating to a “neutral” rating and cut their target price for the company from $290.00 to $245.00 in a research report on Tuesday, September 29th. Janney Montgomery Scott set a $285.00 price target on Ryder System in a report on Thursday, October 8th. Barclays raised their price target on Ryder System from $300.00 to $315.00 and gave the stock an “overweight” rating in a research report on Friday, October 23rd. Finally, Susquehanna lifted their price objective on shares of Ryder System from $280.00 to $318.00 and gave the stock a “positive” rating in a research note on Tuesday, October 27th. Eight analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $296.67.

More Ryder System News

Here are the key news stories impacting Ryder System this week:

• Positive Sentiment: Ryder completed its acquisition of Efficiency Enterprises, adding six locations across Florida, New York, Maryland and Delaware, along with about 50 technicians. The deal expands Ryder’s East Coast fleet-services network and its capacity to provide maintenance, leasing and fleet-management services; financial terms were not disclosed. Ryder acquisition announcement
• Positive Sentiment: A Zacks article highlighted Ryder as a possible momentum pick, reinforcing the stock’s recent momentum narrative, although the available report provides no specific new company developments. Zacks momentum article
• Negative Sentiment: Multiple insiders reported selling shares: EVP Thomas Michael Regan sold 3,032 shares, Thomas Havens sold 5,500, and CFO Cristina Gallo-Aquino sold 1,238. Each retained a substantial holding, and insider sales do not necessarily signal a change in business outlook, but the cluster of transactions could temper investor sentiment. Insider transaction report

About Ryder System

Ryder System, Inc is a transportation and logistics company that provides fleet management, supply chain and dedicated transportation services. Founded in 1933 by James Ryder and headquartered in Miami, Florida, the company serves businesses that rely on commercial vehicles, transportation networks and logistics infrastructure.

Through its Fleet Management Solutions business, Ryder offers full-service leasing, commercial vehicle rental, maintenance, fleet support and related services for trucks, tractors, trailers and other vehicles.