Key Points
- Ryder System CFO Cristina Gallo-Aquino sold 1,238 shares for approximately $342,740, reducing her direct ownership by 4.09% to 29,026 shares.
- Ryder exceeded quarterly expectations, reporting $4.33 in EPS versus the $4.15 consensus and $3.43 billion in revenue, up 8.3% year over year.
- The company declared a quarterly dividend of $1.01 per share, or $4.04 annualized, while analysts maintain a “Moderate Buy” consensus with an average price target of $296.67.
Ryder System, Inc. (NYSE:R - Get Free Report) CFO Cristina Gallo-Aquino sold 1,238 shares of the company's stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of $276.85, for a total value of $342,740.30. Following the completion of the transaction, the chief financial officer directly owned 29,026 shares of the company's stock, valued at $8,035,848.10. This represents a 4.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Ryder System Stock Up 1.3%
Shares of NYSE R opened at $286.35 on Tuesday. The company has a 50 day simple moving average of $245.73 and a 200 day simple moving average of $237.66. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.67 and a quick ratio of 0.67. Ryder System, Inc. has a 1 year low of $161.41 and a 1 year high of $291.03. The firm has a market cap of $10.94 billion, a PE ratio of 21.83 and a beta of 1.05.
Ryder System (NYSE:R - Get Free Report) last posted its earnings results on Thursday, October 22nd. The transportation company reported $4.33 earnings per share for the quarter, topping analysts' consensus estimates 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 analyst estimates of $3.38 billion. During the same period in the previous year, the firm posted $3.57 EPS. The company's revenue for the quarter was up 8.3% compared to the same quarter last year. On average, research analysts forecast that Ryder System, Inc. will post 15.07 EPS for the current year.
Ryder System Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Monday, November 23rd will be issued a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Monday, November 23rd. Ryder System's payout ratio is 30.79%.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in R. Keating Financial Advisory Services Inc. bought a new stake in shares of Ryder System in the 2nd quarter valued at $26,000. Cedar Mountain Advisors LLC increased its position in shares of Ryder System by 522.7% during the first quarter. Cedar Mountain Advisors LLC now owns 137 shares of the transportation company's stock worth $28,000 after buying an additional 115 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Ryder System during the second quarter worth $30,000. MassMutual Private Wealth & Trust FSB increased its position in shares of Ryder System by 36.8% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 160 shares of the transportation company's stock worth $42,000 after buying an additional 43 shares during the period. Finally, Root Financial Partners LLC raised its stake in Ryder System by 45.5% during the first quarter. Root Financial Partners LLC now owns 243 shares of the transportation company's stock worth $50,000 after buying an additional 76 shares during the last quarter. Institutional investors own 87.47% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on R. Wall Street Zen upgraded Ryder System from a "buy" rating to a "strong-buy" rating in a report on Monday, October 12th. JPMorgan Chase & Co. raised their target price on Ryder System from $298.00 to $315.00 and gave the stock an "overweight" rating in a research report on Friday, October 23rd. Wells Fargo & Company lifted their target price on Ryder System from $300.00 to $305.00 and gave the stock an "overweight" rating in a report on Friday, October 23rd. Robert W. Baird lowered Ryder System from an "outperform" rating to a "neutral" rating and reduced their price target for the company from $290.00 to $245.00 in a research report on Tuesday, September 29th. Finally, Citizens Jmp initiated coverage on Ryder System in a research note on Wednesday, July 15th. They issued a "market perform" rating for the company. Eight research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $296.67.
Get Our Latest Stock Analysis on Ryder System
About Ryder System
(
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.
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