Robert E. Sanchez Sells 26,275 Shares of Ryder System, Inc. (R) Stock
Ryder System, Inc. (NYSE:R) CEO Robert E. Sanchez sold 26,275 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $72.43, for a total value of $1,903,098.25. Following the transaction, the chief executive officer now owns 107,237 shares of the company’s stock, valued at approximately $7,767,175.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Ryder System, Inc. (R) traded down 0.97% during midday trading on Tuesday, hitting $72.61. The stock had a trading volume of 469,331 shares. The stock has a market cap of $3.85 billion, a PE ratio of 17.48 and a beta of 1.39. The company’s 50 day moving average price is $71.44 and its 200-day moving average price is $72.31. Ryder System, Inc. has a 52-week low of $62.03 and a 52-week high of $85.42.
Ryder System (NYSE:R) last released its quarterly earnings results on Wednesday, July 26th. The transportation company reported $1.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.07. Ryder System had a return on equity of 11.71% and a net margin of 3.17%. The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.76 billion. During the same period in the previous year, the company posted $1.56 EPS. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. Analysts forecast that Ryder System, Inc. will post $4.44 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Monday, August 21st will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.53%. This is an increase from Ryder System’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Thursday, August 17th. Ryder System’s payout ratio is 42.21%.
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Hedge funds and other institutional investors have recently made changes to their positions in the company. NJ State Employees Deferred Compensation Plan acquired a new position in shares of Ryder System during the first quarter valued at $302,000. Breton Hill Capital Ltd. increased its position in shares of Ryder System by 237.0% in the first quarter. Breton Hill Capital Ltd. now owns 3,700 shares of the transportation company’s stock valued at $279,000 after buying an additional 6,400 shares during the period. IFP Advisors Inc increased its position in shares of Ryder System by 21.9% in the first quarter. IFP Advisors Inc now owns 6,474 shares of the transportation company’s stock valued at $488,000 after buying an additional 1,161 shares during the period. Russell Investments Group Ltd. increased its position in shares of Ryder System by 5.7% in the first quarter. Russell Investments Group Ltd. now owns 87,402 shares of the transportation company’s stock valued at $6,594,000 after buying an additional 4,679 shares during the period. Finally, ProShare Advisors LLC increased its position in shares of Ryder System by 13.0% in the first quarter. ProShare Advisors LLC now owns 27,831 shares of the transportation company’s stock valued at $2,100,000 after buying an additional 3,194 shares during the period. Hedge funds and other institutional investors own 92.87% of the company’s stock.
R has been the topic of several recent research reports. Stephens cut Ryder System from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $81.00 to $71.00 in a research note on Wednesday, April 26th. Zacks Investment Research raised Ryder System from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. BidaskClub cut Ryder System from a “buy” rating to a “hold” rating in a research note on Sunday, July 30th. ValuEngine raised Ryder System from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Finally, Seaport Global Securities initiated coverage on Ryder System in a research note on Friday, April 21st. They issued a “neutral” rating on the stock. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Ryder System presently has an average rating of “Hold” and a consensus target price of $77.00.
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 leasing, commercial rental, contract maintenance, and contract-related maintenance of trucks, tractors and trailers to customers principally 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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