Insider Selling: Ryder System CAO Sells 28,435 Shares of Stock (R)
Ryder System (NYSE:R) CAO Gregory F. Greene sold 28,435 shares of the stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $83.42, for a total transaction of $2,372,047.70. Following the completion of the sale, the chief accounting officer now directly owns 15,359 shares in the company, valued at approximately $1,281,248. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Ryder System (NYSE:R) traded up 0.55% on Friday, hitting $82.59. 576,941 shares of the company’s stock traded hands. Ryder System has a 52 week low of $55.17 and a 52 week high of $84.40. The stock has a 50-day moving average of $80.51 and a 200-day moving average of $73.28. The company has a market cap of $4.392 billion and a price-to-earnings ratio of 17.67.
Ryder System (NYSE:R) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.92 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.87 by $0.05. The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the prior year, the company posted $0.81 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis. On average, analysts predict that Ryder System will post $5.50 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, June 20th. Shareholders of record on Monday, May 19th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend is Thursday, May 15th.
R has been the subject of a number of recent research reports. Analysts at Raymond James raised their price target on shares of Ryder System from $87.00 to $98.00 in a research note on Thursday, April 24th. They now have a “strong-buy” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of Ryder System from $83.00 to $95.00 in a research note on Thursday, April 24th. They now have a “top pick” rating on the stock. Finally, analysts at Longbow Research raised their price target on shares of Ryder System to $88.00 in a research note on Thursday, April 17th. They now have a “buy” rating on the stock. Three analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. Ryder System presently has a consensus rating of “Buy” and a consensus target price of $87.11.
Ryder System, Inc (NYSE:R) is engaged in transportation and supply chain management solutions.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.