Insider Selling: Dennis C. Cooke Unloads 8,708 Shares of Ryder System Stock (R)
Ryder System (NYSE:R) Insider Dennis C. Cooke sold 8,708 shares of Ryder System stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $89.77, for a total value of $781,717.16. Following the completion of the sale, the insider now directly owns 10,000 shares of the company’s stock, valued at approximately $897,700. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Ryder System (NYSE:R) traded up 0.11% on Wednesday, hitting $88.00. The stock had a trading volume of 325,935 shares. Ryder System has a one year low of $55.17 and a one year high of $91.91. The stock has a 50-day moving average of $88.20 and a 200-day moving average of $80.78. The company has a market cap of $4.670 billion and a price-to-earnings ratio of 18.02.
Ryder System (NYSE:R) last announced its earnings results on Wednesday, July 23rd. The company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.04. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the previous year, the company posted $1.25 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. Analysts expect that Ryder System will post $5.59 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 19th. Shareholders of record on Monday, August 18th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend is Thursday, August 14th. This is a positive change from Ryder System’s previous quarterly dividend of $0.34.
R has been the subject of a number of recent research reports. Analysts at FBR Capital Markets raised their price target on shares of Ryder System from $104.00 to $115.00 in a research note on Thursday, July 24th. They now have an “outperform” rating on the stock. Separately, analysts at Raymond James downgraded shares of Ryder System from a “strong-buy” rating to an “outperform” rating in a research note on Wednesday, July 23rd. Finally, analysts at Robert W. Baird raised their price target on shares of Ryder System from $94.00 to $101.00 in a research note on Tuesday, July 8th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $95.75.
Ryder System, Inc (NYSE:R) is engaged in transportation and supply chain management solutions.
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