Ryder System (NYSE:R) Stock: Insider Thomas Havens Sells 5,500 Shares

Ryder System, Inc. (NYSE:R) insider Thomas Havens sold 5,500 shares of Ryder System stock in a transaction on Friday, October 30th. The stock was sold at an average price of $283.13, for a total transaction of $1,557,215.00. Following the sale, the insider directly owned 27,574 shares of the company’s stock, valued at $7,807,026.62. This represents a 16.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Ryder System Trading Up 0.7%

Shares of R stock opened at $283.65 on Thursday. 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 business has a 50-day moving average price of $247.23 and a two-hundred day moving average price of $238.55. Ryder System, Inc. has a 12-month low of $161.41 and a 12-month high of $291.02. The firm has a market cap of $10.84 billion, a P/E ratio of 21.62 and a beta of 1.04.

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

Ryder System Dividend Announcement

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

Ryder System News Roundup

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

• Positive Sentiment: Ryder’s acquisition adds six facilities and about 50 technicians across the East Coast, expanding its fleet maintenance and services network. The acquired business is projected to contribute nearly $50 million in 2027 revenue; deal terms were not disclosed. Zacks acquisition analysis
• Negative Sentiment: Several insiders have sold shares recently. EVP Thomas Michael Regan sold 3,032 shares, while Thomas Havens sold 5,500 and CFO Cristina Gallo-Aquino sold 1,238. These transactions could temper sentiment, although the executives retained shares and the sales alone do not establish a change in the company’s outlook. Insider transaction report

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on R shares. Wells Fargo & Company boosted their price objective on shares of Ryder System from $300.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday, October 23rd. Barclays upped their price objective on shares of Ryder System from $300.00 to $315.00 and gave the company an “overweight” rating in a research note on Friday, October 23rd. JPMorgan Chase & Co. increased their target price on shares of Ryder System from $298.00 to $315.00 and gave the company an “overweight” rating in a report on Friday, October 23rd. Morgan Stanley upgraded shares of Ryder System from an “overweight” rating to a “buy” rating in a research report on Monday, October 5th. Finally, Robert W. Baird downgraded shares of Ryder System from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $290.00 to $245.00 in a research note on Tuesday, September 29th. Eight analysts have rated the stock with a Buy rating and four have issued 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 $296.67.

Hedge Funds Weigh In On Ryder System

Institutional investors and hedge funds have recently bought and sold shares of the stock. Keating Financial Advisory Services Inc. purchased a new stake in Ryder System during the 2nd quarter valued at $26,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Ryder System in the second quarter valued at about $30,000. Cedar Mountain Advisors LLC raised its stake in shares of Ryder System by 522.7% during the first quarter. Cedar Mountain Advisors LLC now owns 137 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 115 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised 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 acquiring an additional 43 shares during the last quarter. Finally, Compass Financial Management LLC bought a new position in shares of Ryder System during the second quarter valued at about $54,000. 87.47% of the stock is currently owned by institutional investors.

Ryder System Company Profile

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.