Ryder System, Inc. (NYSE:R - Get Free Report) CEO Robert E. Sanchez sold 18,496 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $155.73, for a total value of $2,880,382.08. Following the sale, the chief executive officer now directly owns 40,824 shares of the company's stock, valued at approximately $6,357,521.52. This trade represents a 31.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Ryder System Stock Performance
Shares of R stock opened at $151.18 on Thursday. The firm has a market capitalization of $6.25 billion, a price-to-earnings ratio of 13.63 and a beta of 0.94. The stock has a fifty day moving average of $142.92 and a 200 day moving average of $154.37. Ryder System, Inc. has a 52 week low of $116.58 and a 52 week high of $171.78. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.14.
Ryder System (NYSE:R - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $2.46 EPS for the quarter, topping the consensus estimate of $2.40 by $0.06. The business had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.17 billion. Ryder System had a net margin of 3.87% and a return on equity of 17.23%. The company's revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the prior year, the business earned $2.14 EPS. As a group, research analysts expect that Ryder System, Inc. will post 13.68 earnings per share for the current year.
Ryder System Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, May 19th will be given a $0.81 dividend. This represents a $3.24 annualized dividend and a dividend yield of 2.14%. The ex-dividend date is Monday, May 19th. Ryder System's dividend payout ratio is currently 28.25%.
Hedge Funds Weigh In On Ryder System
Institutional investors have recently added to or reduced their stakes in the company. Invst LLC increased its stake in shares of Ryder System by 0.7% during the fourth quarter. Invst LLC now owns 8,315 shares of the transportation company's stock valued at $1,304,000 after purchasing an additional 61 shares in the last quarter. Deutsche Bank AG grew its stake in shares of Ryder System by 1.6% in the 4th quarter. Deutsche Bank AG now owns 4,136 shares of the transportation company's stock worth $649,000 after buying an additional 65 shares during the last quarter. Sanctuary Advisors LLC increased its position in Ryder System by 0.9% during the 4th quarter. Sanctuary Advisors LLC now owns 7,894 shares of the transportation company's stock valued at $1,282,000 after buying an additional 68 shares in the last quarter. Belmont Capital LLC raised its stake in Ryder System by 5.0% during the first quarter. Belmont Capital LLC now owns 1,737 shares of the transportation company's stock valued at $250,000 after buying an additional 83 shares during the last quarter. Finally, Savant Capital LLC raised its stake in Ryder System by 3.6% during the fourth quarter. Savant Capital LLC now owns 2,438 shares of the transportation company's stock valued at $382,000 after buying an additional 84 shares during the last quarter. Institutional investors own 87.47% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on R shares. StockNews.com lowered shares of Ryder System from a "buy" rating to a "hold" rating in a report on Wednesday, March 26th. JPMorgan Chase & Co. decreased their price objective on shares of Ryder System from $174.00 to $165.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Finally, Stephens lowered their price objective on shares of Ryder System from $168.00 to $150.00 and set an "equal weight" rating for the company in a research note on Friday, April 25th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $160.50.
Read Our Latest Report on Ryder System
Ryder System Company Profile
(
Get Free Report)
Ryder System, Inc operates as a logistics and transportation company worldwide. It operates through three segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Transportation Solutions (DTS). The FMS segment offers full-service leasing and leasing with flexible maintenance options; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers; access to diesel fuel; and fuel planning and tax reporting, cards, and monitoring services, and centralized billing, as well as sells used vehicles through its retail sales centers and www.ryder.com/used-trucks website, as well as digital and technology support services.
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