Insider Selling: Ryder System, Inc. (NYSE:R) Director Sells $179,464.34 in Stock

Ryder System, Inc. (NYSE:R) Director E Follin Smith sold 1,243 shares of the firm’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $144.38, for a total value of $179,464.34. Following the sale, the director now owns 39,802 shares in the company, valued at $5,746,612.76. This trade represents a 3.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Ryder System Stock Up 3.7 %

Shares of NYSE R opened at $146.41 on Friday. The stock has a market cap of $6.05 billion, a PE ratio of 13.20 and a beta of 0.94. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.14. Ryder System, Inc. has a 12-month low of $116.58 and a 12-month high of $171.78. The company has a 50-day moving average of $141.54 and a 200 day moving average of $153.69.

Ryder System (NYSE:R) last posted its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $2.46 EPS for the quarter, beating the consensus estimate of $2.40 by $0.06. The firm had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.17 billion. Ryder System had a return on equity of 17.23% and a net margin of 3.87%. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.14 earnings per share. As a group, sell-side analysts predict that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Monday, May 19th will be issued a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend is Monday, May 19th. Ryder System’s dividend payout ratio is currently 28.25%.

Hedge Funds Weigh In On Ryder System

A number of institutional investors have recently bought and sold shares of R. Wealthfront Advisers LLC acquired a new stake in shares of Ryder System during the 4th quarter worth approximately $314,075,000. Norges Bank acquired a new stake in shares of Ryder System during the fourth quarter valued at about $97,844,000. Leigh Baldwin & CO. LLC purchased a new stake in shares of Ryder System in the 4th quarter valued at approximately $40,475,000. GAMMA Investing LLC lifted its holdings in shares of Ryder System by 20,298.3% in the 1st quarter. GAMMA Investing LLC now owns 183,789 shares of the transportation company’s stock worth $26,431,000 after acquiring an additional 182,888 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Ryder System during the 4th quarter worth approximately $16,317,000. 87.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on R. Stephens decreased their target price on Ryder System from $168.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Friday, April 25th. StockNews.com cut shares of Ryder System from a “buy” rating to a “hold” rating in a research note on Wednesday, March 26th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Ryder System from $174.00 to $165.00 and set a “neutral” rating on the stock in a research note on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $160.50.

Ryder System Company Profile

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.