Insider Selling: Ryder System (NYSE:R) Insider Sells $1,557,215.00 in Stock

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 owned 27,574 shares in the company, valued at $7,807,026.62. This represents a 16.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ryder System Trading Down 5.0%

Shares of Ryder System stock opened at $269.01 on Friday. Ryder System, Inc. has a 52-week low of $161.41 and a 52-week high of $291.02. The firm has a market capitalization of $10.28 billion, a PE ratio of 20.50 and a beta of 1.04. 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 company’s fifty day moving average price is $247.61 and its two-hundred day moving average price is $238.94.

Ryder System (NYSE:R) last released 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 company 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 firm earned $3.57 EPS. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. On average, analysts expect that Ryder System, Inc. will post 15.07 EPS for the current year.

Ryder System Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Monday, November 23rd will be issued a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Monday, November 23rd. Ryder System’s payout ratio is presently 30.79%.

Hedge Funds Weigh In On Ryder System

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Ryder System during the second quarter worth approximately $1,060,749,000. Dimensional Fund Advisors LP grew its stake in shares of Ryder System by 0.4% during the first 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 increased its holdings in shares of Ryder System by 81.5% in the first 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 in the last quarter. Bank of America Corp DE acquired a new stake in shares of Ryder System in the second quarter valued at approximately $207,689,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Ryder System in the second quarter valued at approximately $136,320,000. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on R. JPMorgan Chase & Co. upped their price objective on Ryder System from $298.00 to $315.00 and gave the company an “overweight” rating in a research note on Friday, October 23rd. Barclays raised their target price on Ryder System from $300.00 to $315.00 and gave the stock an “overweight” rating in a research report on Friday, October 23rd. Wells Fargo & Company boosted their price target on Ryder System from $300.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, October 23rd. Janney Montgomery Scott set a $285.00 price target on Ryder System in a research report on Thursday, October 8th. Finally, Citizens Jmp initiated coverage on Ryder System in a research note on Wednesday, July 15th. They set a “market perform” rating for the company. Eight research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Ryder System presently has a consensus rating of “Moderate Buy” and a consensus price target of $296.67.

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.