Ryder System (NYSE:R) Stock: Insider Cristina Gallo-Aquino Sells 1,238 Shares

Ryder System, Inc. (NYSE:R) CFO Cristina Gallo-Aquino sold 1,238 shares of Ryder System stock in a transaction that occurred on Thursday, October 29th. The stock was sold at an average price of $276.85, for a total transaction of $342,740.30. Following the transaction, the chief financial officer owned 29,026 shares in the company, valued at approximately $8,035,848.10. The trade was a 4.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Ryder System Trading Down 1.3%

NYSE:R opened at $281.98 on Wednesday. The stock has a market cap of $10.78 billion, a PE ratio of 21.49 and a beta of 1.04. Ryder System, Inc. has a fifty-two week low of $161.41 and a fifty-two week high of $291.02. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.67 and a quick ratio of 0.67. The stock’s 50-day moving average is $246.47 and its two-hundred day moving average is $238.11.

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

Ryder System Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend is Monday, November 23rd. This represents a $4.04 dividend on an annualized basis and a yield of 1.4%. Ryder System’s dividend payout ratio is presently 30.79%.

Key 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

Analyst Ratings Changes

A number of research firms have recently commented on R. Weiss Ratings reissued a “buy (b)” rating on shares of Ryder System in a research report on Monday, August 24th. Citigroup restated a “market perform” rating on shares of Ryder System in a research note on Friday, October 23rd. Wells Fargo & Company upped 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. Janney Montgomery Scott set a $285.00 target price on shares of Ryder System in a research note on Thursday, October 8th. Finally, Susquehanna lifted their target price on shares of Ryder System from $280.00 to $318.00 and gave the stock a “positive” rating in a report on Tuesday, October 27th. Eight research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Ryder System currently has an average rating of “Moderate Buy” and a consensus price target of $296.67.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in R. BlackRock Inc. bought a new position in Ryder System during the second quarter worth $1,060,749,000. Dimensional Fund Advisors LP raised its stake in Ryder System by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,621,947 shares of the transportation company’s stock valued at $331,996,000 after purchasing an additional 6,652 shares during the last quarter. First Trust Advisors LP boosted its holdings in Ryder System by 81.5% in the 1st quarter. First Trust Advisors LP now owns 1,010,320 shares of the transportation company’s stock valued at $206,822,000 after purchasing an additional 453,697 shares during the period. Bank of America Corp DE bought a new stake in Ryder System in the 2nd quarter valued at $207,689,000. Finally, Bank of New York Mellon Corp bought a new stake in Ryder System in the 2nd quarter valued at $136,320,000. 87.47% of the stock is 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.