Ryder System, Inc. (NYSE:R - Get Free Report) Director Luis P. Nieto, Jr. sold 1,443 shares of the business's stock in a transaction on Monday, May 6th. The stock was sold at an average price of $125.61, for a total value of $181,255.23. Following the transaction, the director now directly owns 28,569 shares of the company's stock, valued at $3,588,552.09. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Ryder System Stock Performance
NYSE R opened at $125.39 on Wednesday. The company has a fifty day moving average of $116.81 and a two-hundred day moving average of $112.03. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.82 and a quick ratio of 0.82. Ryder System, Inc. has a 1 year low of $77.60 and a 1 year high of $127.21. The company has a market capitalization of $5.50 billion, a PE ratio of 16.33 and a beta of 1.38.
Ryder System (NYSE:R - Get Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $2.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.71 by $0.43. Ryder System had a return on equity of 18.38% and a net margin of 2.95%. The firm had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter last year, the business posted $2.81 EPS. The firm's quarterly revenue was up 4.9% compared to the same quarter last year. As a group, analysts expect that Ryder System, Inc. will post 11.98 earnings per share for the current year.
Ryder System Dividend Announcement
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The firm also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Monday, May 20th will be given a $0.71 dividend. The ex-dividend date of this dividend is Friday, May 17th. This represents a $2.84 annualized dividend and a yield of 2.26%. Ryder System's dividend payout ratio (DPR) is 36.98%.
Analyst Ratings Changes
R has been the subject of a number of analyst reports. Stephens boosted their price objective on Ryder System from $113.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 24th. Vertical Research downgraded shares of Ryder System from a "buy" rating to a "hold" rating and set a $120.00 price objective on the stock. in a research report on Wednesday, January 10th. The Goldman Sachs Group lifted their price objective on shares of Ryder System from $122.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, April 24th. StockNews.com raised Ryder System from a "hold" rating to a "buy" rating in a report on Wednesday, April 24th. Finally, Wells Fargo & Company lifted their price target on Ryder System from $100.00 to $120.00 and gave the stock an "equal weight" rating in a report on Thursday, February 15th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $126.83.
Check Out Our Latest Analysis on Ryder System
Institutional Trading of Ryder System
A number of large investors have recently bought and sold shares of the business. Headlands Technologies LLC purchased a new stake in Ryder System during the third quarter worth about $26,000. Contravisory Investment Management Inc. purchased a new stake in shares of Ryder System during the 4th quarter worth approximately $26,000. GAMMA Investing LLC acquired a new stake in shares of Ryder System in the 4th quarter worth approximately $45,000. Creekmur Asset Management LLC purchased a new position in Ryder System in the 4th quarter valued at approximately $68,000. Finally, CWM LLC raised its holdings in Ryder System by 62.0% during the first quarter. CWM LLC now owns 643 shares of the transportation company's stock worth $77,000 after purchasing an additional 246 shares during the last quarter. Institutional investors and hedge funds own 87.47% of the company's stock.
About Ryder System
(
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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