Ryder System (NYSE:R) CFO Sells 1,238 Shares of Stock

Ryder System, Inc. (NYSE:R) CFO Cristina Gallo-Aquino sold 1,238 shares of the stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $276.85, for a total transaction of $342,740.30. Following the completion of the sale, the chief financial officer owned 29,026 shares of the company’s stock, valued at approximately $8,035,848.10. This represents a 4.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Ryder System Stock Performance

Shares of Ryder System stock traded up $3.80 during trading on Monday, hitting $286.35. 296,162 shares of the stock were exchanged, compared to its average volume of 363,128. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.86. The company has a fifty day moving average price of $245.00 and a 200-day moving average price of $237.18. The stock has a market capitalization of $10.94 billion, a price-to-earnings ratio of 21.83 and a beta of 1.05. Ryder System, Inc. has a 1-year low of $161.41 and a 1-year high of $291.03.

Ryder System (NYSE:R) last issued its earnings results on Thursday, October 22nd. The transportation company reported $4.33 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $3.38 billion. During the same period last year, the business posted $3.57 EPS. Ryder System’s revenue was up 8.3% on a year-over-year basis. As a group, equities analysts predict that Ryder System, Inc. will post 15.07 EPS for the current fiscal year.

Ryder System Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Monday, November 23rd will be paid 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 is currently 30.79%.

Institutional Trading of Ryder System

Several institutional investors have recently added to or reduced their stakes in the company. Keating Financial Advisory Services Inc. acquired a new position in Ryder System in the 2nd quarter valued at $26,000. Cedar Mountain Advisors LLC lifted its holdings 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 worth $28,000 after buying an additional 115 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Ryder System during the second quarter worth $30,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of Ryder System by 36.8% in 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 period. Finally, Root Financial Partners LLC boosted its position in shares of Ryder System by 45.5% in the first quarter. Root Financial Partners LLC now owns 243 shares of the transportation company’s stock valued at $50,000 after acquiring an additional 76 shares during the period. 87.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Citigroup reissued a “market perform” rating on shares of Ryder System in a report on Friday, October 23rd. Janney Montgomery Scott set a $285.00 price target on Ryder System in a report on Thursday, October 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ryder System in a research report on Monday, August 24th. Wells Fargo & Company lifted their price objective on shares of Ryder System from $300.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, October 23rd. Finally, Morgan Stanley raised shares of Ryder System from an “overweight” rating to a “buy” rating in a research report on Monday, October 5th. Eight equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $296.67.

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.