Ryder System, Inc. (NYSE:R) Director E Follin Smith Sells 3,671 Shares

Ryder System, Inc. (NYSE:R) Director E Follin Smith sold 3,671 shares of the firm’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $119.16, for a total value of $437,436.36. Following the sale, the director now owns 38,413 shares in the company, valued at $4,577,293.08. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Ryder System Stock Performance

Shares of R traded up $1.16 during mid-day trading on Monday, hitting $123.11. The stock had a trading volume of 267,319 shares, compared to its average volume of 265,508. The company has a market cap of $5.40 billion, a PE ratio of 16.05 and a beta of 1.40. The company’s fifty day simple moving average is $115.04 and its two-hundred day simple moving average is $110.97. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 2.22. Ryder System, Inc. has a fifty-two week low of $77.60 and a fifty-two week high of $123.79.

Ryder System (NYSE:R) last announced its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.43. The business had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.06 billion. Ryder System had a return on equity of 18.38% and a net margin of 2.95%. The business’s revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the business posted $2.81 EPS. On average, equities analysts expect that Ryder System, Inc. will post 11.98 earnings per share for the current year.

Ryder System Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 20th were issued a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 2.31%. The ex-dividend date was Friday, February 16th. Ryder System’s dividend payout ratio (DPR) is 36.98%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. StockNews.com upgraded Ryder System from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. The Goldman Sachs Group raised their target price on Ryder System from $122.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Wells Fargo & Company raised their target price on Ryder System from $100.00 to $120.00 and gave the company an “equal weight” rating in a report on Thursday, February 15th. Vertical Research lowered Ryder System from a “buy” rating to a “hold” rating and set a $120.00 price objective for the company. in a research note on Wednesday, January 10th. Finally, Stephens raised their price objective on Ryder System from $113.00 to $120.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $126.83.

Institutional Trading of Ryder System

Several hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP raised its stake in Ryder System by 1,051.0% during the 3rd quarter. Wellington Management Group LLP now owns 2,551,559 shares of the transportation company’s stock valued at $272,889,000 after acquiring an additional 2,329,880 shares in the last quarter. Norges Bank bought a new stake in Ryder System during the 4th quarter valued at $86,647,000. Fuller & Thaler Asset Management Inc. bought a new stake in Ryder System during the 3rd quarter valued at $25,233,000. LSV Asset Management raised its stake in Ryder System by 13.5% during the 3rd quarter. LSV Asset Management now owns 1,570,462 shares of the transportation company’s stock valued at $167,961,000 after acquiring an additional 187,174 shares in the last quarter. Finally, Sei Investments Co. raised its stake in Ryder System by 29.1% during the 4th quarter. Sei Investments Co. now owns 756,302 shares of the transportation company’s stock valued at $87,024,000 after acquiring an additional 170,650 shares in the last quarter. Institutional investors own 87.47% of the company’s stock.

Ryder System Company Profile

Ryder System, Inc operates as a logistics and transportation company worldwide. It operates through three segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Transportation Solutions (DTS). The FMS segment offers full-service leasing and leasing with flexible maintenance options; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers; access to diesel fuel; and fuel planning and tax reporting, cards, and monitoring services, and centralized billing, as well as sells used vehicles through its retail sales centers and www.ryder.com/used-trucks website, as well as digital and technology support services.