Ryder System (NYSE:R) CFO Sells $342,740.30 in Stock

Ryder System, Inc. (NYSE:R) CFO Cristina Gallo-Aquino sold 1,238 shares of the business’s stock in a transaction that occurred on Thursday, October 29th. The stock was 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 owned 29,026 shares in the company, valued at $8,035,848.10. The trade was a 4.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Ryder System Stock Performance

R stock opened at $283.65 on Thursday. The firm has a market cap of $10.84 billion, a PE ratio of 21.62 and a beta of 1.04. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.86. The business has a 50 day moving average of $247.23 and a 200-day moving average of $238.55. Ryder System, Inc. has a 12-month low of $161.41 and a 12-month high of $291.02.

Ryder System (NYSE:R) last issued its quarterly earnings results on Thursday, October 22nd. The transportation company reported $4.33 EPS for the quarter, beating analysts’ consensus estimates of $4.15 by $0.18. The company had revenue of $3.43 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the business posted $3.57 earnings per share. As a group, sell-side analysts expect that Ryder System, Inc. will post 15.07 earnings per share for the current year.

Ryder System Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Monday, November 23rd will be given a dividend of $1.01 per share. The ex-dividend date of this dividend is Monday, November 23rd. This represents a $4.04 annualized dividend and a dividend yield of 1.4%. Ryder System’s dividend payout ratio (DPR) is currently 30.79%.

Ryder System News Roundup

Here are the key news stories impacting Ryder System this week:

• Positive Sentiment: Ryder’s acquisition adds six facilities and about 50 technicians across the East Coast, expanding its fleet maintenance and services network. The acquired business is projected to contribute nearly $50 million in 2027 revenue; deal terms were not disclosed. Zacks acquisition analysis
• Negative Sentiment: Several insiders have sold shares recently. EVP Thomas Michael Regan sold 3,032 shares, while Thomas Havens sold 5,500 and CFO Cristina Gallo-Aquino sold 1,238. These transactions could temper sentiment, although the executives retained shares and the sales alone do not establish a change in the company’s outlook. Insider transaction report

Analyst Ratings Changes

Several research firms recently weighed in on R. JPMorgan Chase & Co. increased their price target on shares of Ryder System from $298.00 to $315.00 and gave the company an “overweight” rating in a research report on Friday, October 23rd. Citigroup reaffirmed a “market perform” rating on shares of Ryder System in a research report on Friday, October 23rd. Robert W. Baird cut shares of Ryder System from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $290.00 to $245.00 in a research note on Tuesday, September 29th. Stephens increased their target price on shares of Ryder System from $280.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, October 23rd. Finally, Janney Montgomery Scott set a $285.00 price target on shares of Ryder System in a research note on Thursday, October 8th. Eight investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $296.67.

Institutional Trading of Ryder System

Several hedge funds and other institutional investors have recently modified their holdings of R. Public Employees Retirement System of Ohio bought a new stake in shares of Ryder System during the 2nd quarter valued at $4,587,000. Hsbc Holdings PLC lifted its holdings in Ryder System by 104.2% during the 2nd quarter. Hsbc Holdings PLC now owns 56,403 shares of the transportation company’s stock worth $14,773,000 after purchasing an additional 28,775 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Ryder System by 9.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 194,632 shares of the transportation company’s stock worth $39,843,000 after purchasing an additional 16,070 shares during the period. California State Teachers Retirement System boosted its stake in 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 worth $9,832,000 after purchasing an additional 9,179 shares during the period. Finally, WINTON GROUP Ltd purchased a new position in Ryder System during the 2nd quarter valued at about $4,889,000. Institutional investors own 87.47% of the company’s stock.

Ryder System Company Profile

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.