Ryder System, Inc. (R) CMO Karen M. Jones Sells 4,790 Shares
Ryder System, Inc. (NYSE:R) CMO Karen M. Jones sold 4,790 shares of the stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $81.78, for a total transaction of $391,726.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of Ryder System, Inc. (NYSE:R) traded up $0.62 during midday trading on Friday, reaching $82.35. The company’s stock had a trading volume of 268,854 shares, compared to its average volume of 697,317. The stock has a market capitalization of $4,388.84, a price-to-earnings ratio of 19.64 and a beta of 1.51.
Ryder System (NYSE:R) last issued its earnings results on Tuesday, October 24th. The transportation company reported $1.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.29 by $0.04. Ryder System had a return on equity of 10.72% and a net margin of 2.75%. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period last year, the company earned $1.67 earnings per share. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. equities research analysts anticipate that Ryder System, Inc. will post 4.5 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Monday, November 20th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date is Friday, November 17th. Ryder System’s dividend payout ratio (DPR) is 49.86%.
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Several analysts have issued reports on R shares. Buckingham Research increased their price objective on shares of Ryder System from $92.00 to $93.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. BidaskClub downgraded shares of Ryder System from a “buy” rating to a “hold” rating in a research report on Sunday, July 30th. Zacks Investment Research raised shares of Ryder System from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a research report on Tuesday. Aegis reiterated a “buy” rating and set a $91.00 target price (up from $84.00) on shares of Ryder System in a research note on Tuesday, October 10th. Finally, J P Morgan Chase & Co increased their target price on Ryder System from $69.00 to $82.00 and gave the company a “neutral” rating in a research note on Thursday, October 12th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $85.00.
Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its holdings in shares of Ryder System by 41.7% during the second quarter. BlackRock Inc. now owns 5,010,932 shares of the transportation company’s stock valued at $360,685,000 after purchasing an additional 1,475,138 shares during the period. Fiduciary Management Inc. WI increased its holdings in shares of Ryder System by 13.6% during the second quarter. Fiduciary Management Inc. WI now owns 1,211,960 shares of the transportation company’s stock valued at $87,237,000 after purchasing an additional 145,219 shares during the period. Schroder Investment Management Group increased its holdings in shares of Ryder System by 20.1% during the second quarter. Schroder Investment Management Group now owns 875,380 shares of the transportation company’s stock valued at $62,896,000 after purchasing an additional 146,745 shares during the period. Westfield Capital Management Co. LP increased its holdings in shares of Ryder System by 13.8% during the second quarter. Westfield Capital Management Co. LP now owns 844,807 shares of the transportation company’s stock valued at $60,809,000 after purchasing an additional 102,324 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Ryder System by 6.7% during the second quarter. Bank of New York Mellon Corp now owns 820,490 shares of the transportation company’s stock worth $59,058,000 after acquiring an additional 51,763 shares during the period. 89.64% of the stock is currently owned by institutional investors.
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.
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