Robert D. Fatovic Sells 15,000 Shares of Ryder System Inc. (R) Stock
Ryder System Inc. (NYSE:R) EVP Robert D. Fatovic sold 15,000 shares of Ryder System stock in a transaction on Wednesday, November 9th. The stock was sold at an average price of $76.14, for a total value of $1,142,100.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of Ryder System Inc. (NYSE:R) opened at 79.38 on Wednesday. Ryder System Inc. has a 12-month low of $45.12 and a 12-month high of $80.01. The stock has a market cap of $4.24 billion, a PE ratio of 14.62 and a beta of 1.23. The firm has a 50-day moving average price of $67.33 and a 200 day moving average price of $66.44.
Ryder System (NYSE:R) last released its quarterly earnings results on Tuesday, October 25th. The company reported $1.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.66 by $0.01. Ryder System had a return on equity of 15.76% and a net margin of 4.32%. The company earned $1.72 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same quarter in the prior year, the business posted $1.74 earnings per share. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. Equities research analysts predict that Ryder System Inc. will post $5.76 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Monday, November 21st will be paid a $0.44 dividend. The ex-dividend date is Thursday, November 17th. This represents a $1.76 annualized dividend and a dividend yield of 2.22%. Ryder System’s payout ratio is 32.35%.
Several research analysts have recently issued reports on R shares. Credit Agricole SA started coverage on Ryder System in a research note on Friday, September 30th. They set a “buy” rating and a $80.00 price target for the company. Aegis initiated coverage on Ryder System in a research report on Monday, October 24th. They set a “buy” rating and a $77.00 price objective for the company. Stifel Nicolaus cut Ryder System from a “buy” rating to a “hold” rating and set a $75.00 price objective for the company. in a research report on Tuesday. They noted that the move was a valuation call. Zacks Investment Research upgraded Ryder System from a “sell” rating to a “hold” rating in a research report on Friday, September 23rd. Finally, KeyCorp reiterated a “hold” rating on shares of Ryder System in a research report on Sunday, October 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $72.67.
Several hedge funds have recently made changes to their positions in the stock. LSV Asset Management raised its stake in shares of Ryder System by 313.4% in the third quarter. LSV Asset Management now owns 2,268,976 shares of the company’s stock valued at $149,638,000 after buying an additional 1,720,119 shares during the period. Jennison Associates LLC purchased a new stake in shares of Ryder System during the second quarter valued at $93,320,000. Strs Ohio purchased a new stake in shares of Ryder System during the third quarter valued at $23,082,000. Westfield Capital Management Co. LP purchased a new stake in shares of Ryder System during the second quarter valued at $21,089,000. Finally, Wellington Management Group LLP purchased a new stake in shares of Ryder System during the first quarter valued at $22,300,000. Institutional investors and hedge funds own 96.62% of the company’s stock.
About Ryder System
Ryder System, Inc is engaged in offering transportation and supply chain management solutions. The Company operates through three segments: Fleet Management Solutions (FMS), which provides full service leasing, commercial rental, contract maintenance and contract-related maintenance of trucks, tractors and trailers to customers in the United States, Canada and the United Kingdom; Dedicated Transportation Solutions (DTS), which provides vehicles and drivers as part of a dedicated transportation solution in the United States, and Supply Chain Solutions (SCS), which provides supply chain solutions, including distribution and transportation services in North America and Asia.
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