Ryder System, Inc. (NYSE:R - Get Free Report) insider Robert Sanchez sold 1,653 shares of the firm's stock in a transaction on Wednesday, October 28th. The shares were sold at an average price of $280.01, for a total transaction of $462,856.53. Following the transaction, the insider owned 40,828 shares in the company, valued at $11,432,248.28. This represents a 3.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Ryder System Stock Down 1.6%
R stock opened at $275.04 on Thursday. The firm has a market cap of $10.51 billion, a PE ratio of 20.96 and a beta of 1.05. Ryder System, Inc. has a 1 year low of $161.41 and a 1 year high of $287.00. The company has a fifty day simple moving average of $243.72 and a 200 day simple moving average of $236.27. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.86.
Ryder System (NYSE:R - Get Free Report) last posted its earnings results on Thursday, October 22nd. The transportation company reported $4.33 EPS for the quarter, topping the consensus estimate of $4.15 by $0.18. Ryder System had a net margin of 3.98% and a return on equity of 19.14%. The firm had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.38 billion. During the same period in the prior year, the business posted $3.57 earnings per share. The business's quarterly revenue was up 8.3% on a year-over-year basis. Sell-side analysts anticipate that Ryder System, Inc. will post 15.07 EPS for the current fiscal year.
Ryder System Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Monday, November 23rd will be paid a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, November 23rd. Ryder System's dividend payout ratio is 30.79%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of R. Keating Financial Advisory Services Inc. bought a new stake in Ryder System during the second quarter valued at about $26,000. Cedar Mountain Advisors LLC grew its position in shares of Ryder System by 522.7% in the first quarter. Cedar Mountain Advisors LLC now owns 137 shares of the transportation company's stock valued at $28,000 after purchasing an additional 115 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Ryder System in the second quarter worth about $30,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of Ryder System by 36.8% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 160 shares of the transportation company's stock worth $42,000 after purchasing an additional 43 shares during the period. Finally, Root Financial Partners LLC increased its stake in shares of Ryder System by 45.5% in the first quarter. Root Financial Partners LLC now owns 243 shares of the transportation company's stock worth $50,000 after purchasing an additional 76 shares during the period. Institutional investors and hedge funds own 87.47% of the company's stock.
Ryder System News Roundup
Here are the key news stories impacting Ryder System this week:
- Positive Sentiment: Analyst upgraded outlook: Susquehanna raised its price target from $280 to $318 and maintained a positive rating, implying meaningful potential upside from recent trading levels. Susquehanna raises Ryder price target
- Positive Sentiment: Earnings momentum remains favorable: Ryder recently exceeded quarterly EPS and revenue expectations, with revenue increasing 8.3% year over year. Coverage also highlighted a raised full-year outlook supported by logistics strength. Ryder earnings and outlook
- Positive Sentiment: Capacity expansion supports growth: Ryder is adding 11,700 square feet to its Roseville, Michigan, truck rental and maintenance facility. The investment is intended to improve service capacity across the Metro Detroit market. Ryder expands Detroit-area facility
- Neutral Sentiment: Momentum signals are strong: Zacks characterized Ryder as both a strong growth and momentum stock, reflecting recent operating performance and share-price strength. These style-based assessments are supportive but are not new fundamental catalysts. Zacks Ryder growth analysis
- Negative Sentiment: Significant insider selling: Robert Sanchez sold 34,614 shares across transactions on October 26–28 for approximately $9.75 million, reducing his holdings by sizable percentages. While insider sales can be planned or personal, the scale may weigh on investor sentiment. Ryder insider share sales
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on R shares. Weiss Ratings reissued a "buy (b)" rating on shares of Ryder System in a research note on Monday, August 24th. Wall Street Zen upgraded Ryder System from a "buy" rating to a "strong-buy" rating in a report on Monday, October 12th. Susquehanna upped their target price on Ryder System from $280.00 to $318.00 and gave the stock a "positive" rating in a research report on Tuesday. Robert W. Baird downgraded Ryder System from an "outperform" rating to a "neutral" rating and lowered their price target for the company from $290.00 to $245.00 in a report on Tuesday, September 29th. Finally, Morgan Stanley upgraded Ryder System from an "overweight" rating to a "buy" rating in a report on Monday, October 5th. Eight research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Ryder System has an average rating of "Moderate Buy" and an average target price of $296.67.
Get Our Latest Stock Report on Ryder System
Ryder System Company Profile
(
Get Free Report)
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.
Further Reading
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