Ryder System, Inc. (NYSE:R) insider Dennis C. Cooke sold 32,328 shares of Ryder System stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $81.46, for a total value of $2,633,438.88. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Ryder System (NYSE:R) last posted its quarterly earnings results on Tuesday, October 24th. The transportation company reported $1.33 EPS for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.04. Ryder System had a net margin of 2.75% and a return on equity of 10.72%. The firm had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the prior year, the company posted $1.67 earnings per share. The business’s revenue for the quarter was up 7.2% on a year-over-year basis.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Monday, November 20th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 2.27%. The ex-dividend date is Friday, November 17th. Ryder System’s dividend payout ratio is currently 49.86%.

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Hedge funds have recently modified their holdings of the stock. BlueMountain Capital Management LLC purchased a new stake in Ryder System in the second quarter worth approximately $109,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Ryder System by 8.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,953 shares of the transportation company’s stock worth $141,000 after purchasing an additional 156 shares during the last quarter. JFS Wealth Advisors LLC boosted its holdings in Ryder System by 1.1% in the second quarter. JFS Wealth Advisors LLC now owns 2,160 shares of the transportation company’s stock worth $156,000 after purchasing an additional 24 shares during the last quarter. Edmond DE Rothschild Holding S.A. boosted its holdings in Ryder System by 94.7% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 2,550 shares of the transportation company’s stock worth $183,000 after purchasing an additional 1,240 shares during the last quarter. Finally, Clear Investment Research LLC purchased a new stake in Ryder System in the second quarter worth approximately $190,000. Institutional investors own 89.64% of the company’s stock.

A number of brokerages have recently weighed in on R. ValuEngine upgraded Ryder System from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research downgraded Ryder System from a “buy” rating to a “hold” rating in a research note on Monday. KeyCorp upgraded Ryder System from a “sector weight” rating to an “overweight” rating in a research note on Wednesday, September 13th. Robert W. Baird restated an “outperform” rating and issued a $98.00 target price (up previously from $84.00) on shares of Ryder System in a research note on Monday, October 2nd. Finally, BidaskClub upgraded Ryder System from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $85.00.

About Ryder System

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.

Insider Buying and Selling by Quarter for Ryder System (NYSE:R)

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