Ryder System, Inc. (NYSE:R – Get Free Report) EVP Rajeev Ravindran sold 2,696 shares of the stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $221.61, for a total value of $597,460.56. Following the completion of the sale, the executive vice president directly owned 18,136 shares in the company, valued at approximately $4,019,118.96. This represents a 12.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Rajeev Ravindran also recently made the following trade(s):
- On Friday, February 13th, Rajeev Ravindran sold 14,367 shares of Ryder System stock. The stock was sold at an average price of $211.73, for a total value of $3,041,924.91.
Ryder System Stock Performance
Shares of Ryder System stock opened at $224.14 on Friday. Ryder System, Inc. has a 1 year low of $125.54 and a 1 year high of $230.38. The firm’s 50-day moving average is $198.78 and its 200 day moving average is $186.44. The stock has a market cap of $8.84 billion, a price-to-earnings ratio of 18.73 and a beta of 0.96. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.89 and a quick ratio of 0.89.
Ryder System Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Tuesday, February 17th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 1.6%. The ex-dividend date is Tuesday, February 17th. Ryder System’s dividend payout ratio (DPR) is currently 30.41%.
Analyst Ratings Changes
Several research analysts have recently weighed in on R shares. Wolfe Research restated a “peer perform” rating on shares of Ryder System in a research note on Thursday, January 8th. Susquehanna lifted their price objective on Ryder System from $235.00 to $250.00 and gave the stock a “positive” rating in a report on Friday, February 13th. JPMorgan Chase & Co. upped their target price on shares of Ryder System from $194.00 to $197.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Citigroup raised their price target on shares of Ryder System from $218.00 to $245.00 and gave the company a “buy” rating in a report on Friday, February 13th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Ryder System in a research note on Thursday, January 22nd. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $215.44.
Get Our Latest Report on Ryder System
Institutional Investors Weigh In On Ryder System
Large investors have recently made changes to their positions in the company. Royal Bank of Canada lifted its stake in shares of Ryder System by 52.8% in the 1st quarter. Royal Bank of Canada now owns 15,765 shares of the transportation company’s stock worth $2,267,000 after purchasing an additional 5,448 shares during the period. Focus Partners Wealth increased its holdings in Ryder System by 7.9% during the first quarter. Focus Partners Wealth now owns 1,851 shares of the transportation company’s stock valued at $266,000 after buying an additional 135 shares during the last quarter. Geneos Wealth Management Inc. raised its position in Ryder System by 61.2% in the first quarter. Geneos Wealth Management Inc. now owns 287 shares of the transportation company’s stock worth $41,000 after acquiring an additional 109 shares during the period. CWM LLC boosted its stake in shares of Ryder System by 46.5% during the 2nd quarter. CWM LLC now owns 1,263 shares of the transportation company’s stock worth $201,000 after acquiring an additional 401 shares during the last quarter. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Ryder System during the 2nd quarter valued at $258,000. 87.47% of the stock is currently owned by institutional investors.
Ryder System Company Profile
Ryder System, Inc is a leading provider of transportation and supply chain management solutions, serving commercial customers across a range of industries. The company’s Fleet Management Solutions segment offers full-service leasing and rental of medium- and heavy-duty trucks, tractors and trailers, along with maintenance and repair services at its network of service locations. Its Supply Chain Solutions segment provides integrated, technology-driven offerings that span managed transportation, dedicated contract carriage, warehousing and distribution, and e-commerce fulfillment.
Founded in 1933 and headquartered in Miami, Florida, Ryder has grown from a regional truck leasing operation into a diversified, global logistics provider.
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