Key Points
- Insider Thomas Havens sold 5,500 Ryder shares for about $1.56 million at an average price of $283.13, reducing his stake by 16.63%; he retained 27,574 shares.
- Ryder beat quarterly expectations, reporting EPS of $4.33 versus $4.15 consensus and revenue of $3.43 billion, up 8.3% year over year.
- Analysts maintain a Moderate Buy consensus with an average price target of $296.67. Ryder also announced a quarterly dividend of $1.01 per share, equivalent to a 1.4% yield.
Ryder System, Inc. (NYSE:R - Get Free Report) EVP Thomas Michael Regan sold 3,032 shares of Ryder System stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $288.05, for a total transaction of $873,367.60. Following the sale, the executive vice president directly owned 2,751 shares of the company's stock, valued at $792,425.55. This represents a 52.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Ryder System Stock Down 1.3%
Shares of NYSE R opened at $281.98 on Wednesday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.67 and a current ratio of 0.67. The firm has a market capitalization of $10.78 billion, a price-to-earnings ratio of 21.49 and a beta of 1.04. The stock has a 50 day moving average price of $246.47 and a 200 day moving average price of $238.11. Ryder System, Inc. has a 52-week low of $161.41 and a 52-week high of $291.02.
Ryder System (NYSE:R - Get Free Report) last announced its quarterly earnings data on Thursday, October 22nd. The transportation company reported $4.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.15 by $0.18. The company had revenue of $3.43 billion for the quarter, compared to analysts' expectations of $3.38 billion. Ryder System had a return on equity of 19.14% and a net margin of 3.98%. Ryder System's revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.57 earnings per share. Sell-side analysts expect that Ryder System, Inc. will post 15.07 earnings per share for the current year.
Ryder System Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Monday, November 23rd will be issued a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Monday, November 23rd. Ryder System's dividend payout ratio is currently 30.79%.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on the company. Barclays raised their price target on Ryder System from $300.00 to $315.00 and gave the company an "overweight" rating in a research note on Friday, October 23rd. JPMorgan Chase & Co. upped their price objective on shares of Ryder System from $298.00 to $315.00 and gave the stock an "overweight" rating in a research note on Friday, October 23rd. Wall Street Zen raised shares of Ryder System from a "buy" rating to a "strong-buy" rating in a research note on Monday, October 12th. Susquehanna increased their target price on shares of Ryder System from $280.00 to $318.00 and gave the stock a "positive" rating in a report on Tuesday, October 27th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Ryder System in a research report on Monday, August 24th. Eight analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $296.67.
Check Out Our Latest Stock Report on Ryder System
Key Stories Impacting Ryder System
Here are the key news stories impacting Ryder System this week:
- Positive Sentiment: Ryder completed its acquisition of Efficiency Enterprises, adding six locations across Florida, New York, Maryland and Delaware, along with about 50 technicians. The deal expands Ryder’s East Coast fleet-services network and its capacity to provide maintenance, leasing and fleet-management services; financial terms were not disclosed. Ryder acquisition announcement
- Positive Sentiment: A Zacks article highlighted Ryder as a possible momentum pick, reinforcing the stock’s recent momentum narrative, although the available report provides no specific new company developments. Zacks momentum article
- Negative Sentiment: Multiple insiders reported selling shares: EVP Thomas Michael Regan sold 3,032 shares, Thomas Havens sold 5,500, and CFO Cristina Gallo-Aquino sold 1,238. Each retained a substantial holding, and insider sales do not necessarily signal a change in business outlook, but the cluster of transactions could temper investor sentiment. Insider transaction report
Hedge Funds Weigh In On Ryder System
Large investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio bought a new stake in Ryder System during the 2nd quarter valued at $4,587,000. Hsbc Holdings PLC increased its holdings in shares of Ryder System by 104.2% in the 2nd quarter. Hsbc Holdings PLC now owns 56,403 shares of the transportation company's stock valued at $14,773,000 after acquiring an additional 28,775 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of Ryder System by 9.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 194,632 shares of the transportation company's stock valued at $39,843,000 after acquiring an additional 16,070 shares during the period. California State Teachers Retirement System increased its holdings in shares of Ryder System by 23.6% in the 1st quarter. California State Teachers Retirement System now owns 48,030 shares of the transportation company's stock valued at $9,832,000 after acquiring an additional 9,179 shares during the period. Finally, WINTON GROUP Ltd bought a new position in shares of Ryder System in the 2nd quarter worth $4,889,000. Institutional investors own 87.47% of the company's stock.
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.
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