Ryder System Inc. (R) EVP Sells $77,408.70 in Stock
Ryder System Inc. (NYSE:R) EVP John J. Gleason sold 978 shares of Ryder System stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $79.15, for a total value of $77,408.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Ryder System Inc. (NYSE:R) opened at 78.70 on Friday. Ryder System Inc. has a 52-week low of $45.12 and a 52-week high of $80.15. The firm has a 50-day moving average price of $68.99 and a 200 day moving average price of $66.69. The stock has a market cap of $4.21 billion, a PE ratio of 14.49 and a beta of 1.23.
Ryder System (NYSE:R) last posted its quarterly earnings data on Tuesday, October 25th. The company reported $1.67 earnings per share for the quarter, beating the Zacks’ 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 analyst estimates of $1.70 billion. During the same quarter last year, the company earned $1.74 EPS. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, analysts forecast that Ryder System Inc. will post $5.76 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Shareholders of record on Monday, November 21st will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend is Thursday, November 17th. Ryder System’s payout ratio is 32.35%.
Several research firms have recently commented on R. Credit Agricole SA began coverage on Ryder System in a report on Friday, September 30th. They set a “buy” rating and a $80.00 price objective for the company. Zacks Investment Research downgraded Ryder System from a “hold” rating to a “sell” rating in a report on Friday, August 19th. Stifel Nicolaus downgraded Ryder System from a “buy” rating to a “hold” rating and set a $75.00 price objective for the company. in a report on Tuesday. They noted that the move was a valuation call. KeyCorp restated a “hold” rating on shares of Ryder System in a report on Sunday, October 9th. Finally, Aegis began coverage on Ryder System in a report on Monday, October 24th. They set a “buy” rating and a $77.00 price objective for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. Ryder System presently has a consensus rating of “Hold” and a consensus target price of $72.67.
Several hedge funds have recently bought and sold shares of the company. Gateway Investment Advisers LLC raised its stake in shares of Ryder System by 0.5% in the third quarter. Gateway Investment Advisers LLC now owns 4,182 shares of the company’s stock valued at $276,000 after buying an additional 19 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Ryder System by 0.8% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 7,477 shares of the company’s stock valued at $457,000 after buying an additional 62 shares during the period. World Asset Management Inc increased its position in Ryder System by 1.2% in the second quarter. World Asset Management Inc now owns 5,647 shares of the company’s stock valued at $345,000 after buying an additional 65 shares during the period. CIBC Asset Management Inc increased its position in Ryder System by 1.7% in the second quarter. CIBC Asset Management Inc now owns 4,810 shares of the company’s stock valued at $294,000 after buying an additional 82 shares during the period. Finally, Advisor Group Inc. increased its position in Ryder System by 0.9% in the third quarter. Advisor Group Inc. now owns 9,988 shares of the company’s stock valued at $658,000 after buying an additional 85 shares during the period. 96.62% of the stock is owned by institutional investors and hedge funds.
Ryder System Company Profile
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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