Ryder System, Inc. (NYSE:R) EVP Robert D. Fatovic sold 17,755 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $82.44, for a total value of $1,463,722.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Ryder System, Inc. (R) traded down $0.13 during trading on Monday, reaching $82.35. The company had a trading volume of 647,500 shares, compared to its average volume of 710,699. The stock has a market capitalization of $4,330.00, a PE ratio of 19.51, a PEG ratio of 1.22 and a beta of 1.51. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.96 and a current ratio of 1.02. Ryder System, Inc. has a 12 month low of $62.52 and a 12 month high of $85.50.
Ryder System (NYSE:R) last posted its quarterly earnings data on Tuesday, October 24th. The transportation company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.04. The company had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Ryder System had a return on equity of 10.72% and a net margin of 2.75%. Ryder System’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.67 earnings per share. equities research analysts anticipate that Ryder System, Inc. will post 4.51 EPS for the current fiscal year.
A number of institutional investors have recently bought and sold shares of R. 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 valued at $59,058,000 after purchasing an additional 51,763 shares during the period. Cipher Capital LP grew its holdings in Ryder System by 152.2% during the second quarter. Cipher Capital LP now owns 21,794 shares of the transportation company’s stock valued at $1,569,000 after purchasing an additional 13,153 shares during the period. Canada Pension Plan Investment Board grew its holdings in Ryder System by 155.2% during the second quarter. Canada Pension Plan Investment Board now owns 159,988 shares of the transportation company’s stock valued at $11,516,000 after purchasing an additional 97,300 shares during the period. Goldman Sachs Group Inc. grew its holdings in Ryder System by 10.9% during the second quarter. Goldman Sachs Group Inc. now owns 643,399 shares of the transportation company’s stock valued at $46,312,000 after purchasing an additional 63,055 shares during the period. Finally, Schroder Investment Management Group grew its holdings in 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. Institutional investors own 89.41% of the company’s stock.
Several research analysts have recently weighed in on R shares. ValuEngine upgraded Ryder System from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Buckingham Research started coverage on Ryder System in a research note on Monday, August 21st. They issued a “buy” rating and a $85.00 price target for the company. BidaskClub upgraded Ryder System from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Zacks Investment Research upgraded Ryder System from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a research note on Tuesday, September 26th. Finally, Aegis reiterated a “buy” rating and set a $91.00 price objective (up previously from $84.00) on shares of Ryder System in a research report on Tuesday, October 10th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $85.00.
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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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