Luis P. Nieto, Jr. Sells 1,443 Shares of Ryder System, Inc. (NYSE:R) Stock

Ryder System, Inc. (NYSE:R) Director Luis P. Nieto, Jr. sold 1,443 shares of Ryder System stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $125.61, for a total transaction of $181,255.23. Following the completion of the sale, the director now directly owns 28,569 shares in the company, valued at approximately $3,588,552.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Ryder System Trading Up 0.1 %

NYSE:R opened at $125.50 on Thursday. Ryder System, Inc. has a 52-week low of $77.60 and a 52-week high of $127.21. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 2.22. The stock has a fifty day simple moving average of $117.06 and a 200-day simple moving average of $112.13. The company has a market capitalization of $5.50 billion, a PE ratio of 16.34 and a beta of 1.38.

Ryder System (NYSE:R) last announced its earnings results on Tuesday, April 23rd. The transportation company reported $2.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.43. The company had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.06 billion. Ryder System had a net margin of 2.95% and a return on equity of 18.38%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.81 earnings per share. On average, equities research analysts expect that Ryder System, Inc. will post 11.98 earnings per share for the current fiscal year.

Ryder System Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Monday, May 20th will be issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend is Friday, May 17th. Ryder System’s dividend payout ratio (DPR) is presently 36.98%.

Institutional Trading of Ryder System

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SummerHaven Investment Management LLC grew its position in Ryder System by 1.2% during the fourth quarter. SummerHaven Investment Management LLC now owns 8,528 shares of the transportation company’s stock valued at $981,000 after acquiring an additional 98 shares during the period. Quent Capital LLC increased its position in Ryder System by 17.7% during the 4th quarter. Quent Capital LLC now owns 745 shares of the transportation company’s stock worth $86,000 after purchasing an additional 112 shares in the last quarter. Parallel Advisors LLC raised its holdings in Ryder System by 8.7% in the fourth quarter. Parallel Advisors LLC now owns 1,455 shares of the transportation company’s stock valued at $167,000 after buying an additional 116 shares during the period. Retirement Systems of Alabama grew its stake in Ryder System by 0.3% during the first quarter. Retirement Systems of Alabama now owns 55,658 shares of the transportation company’s stock worth $6,690,000 after buying an additional 146 shares during the period. Finally, M&T Bank Corp grew its stake in Ryder System by 7.2% during the fourth quarter. M&T Bank Corp now owns 2,502 shares of the transportation company’s stock worth $288,000 after buying an additional 167 shares during the period. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Wall Street Analysts Forecast Growth

R has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on Ryder System from $120.00 to $126.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Vertical Research downgraded Ryder System from a “buy” rating to a “hold” rating and set a $120.00 price target on the stock. in a research note on Wednesday, January 10th. Wells Fargo & Company raised their target price on Ryder System from $100.00 to $120.00 and gave the company an “equal weight” rating in a report on Thursday, February 15th. The Goldman Sachs Group upped their price target on shares of Ryder System from $122.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Finally, Stephens raised their price objective on shares of Ryder System from $113.00 to $120.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 24th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Ryder System presently has an average rating of “Hold” and an average target price of $126.83.

About Ryder System

Ryder System, Inc operates as a logistics and transportation company worldwide. It operates through three segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Transportation Solutions (DTS). The FMS segment offers full-service leasing and leasing with flexible maintenance options; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers; access to diesel fuel; and fuel planning and tax reporting, cards, and monitoring services, and centralized billing, as well as sells used vehicles through its retail sales centers and www.ryder.com/used-trucks website, as well as digital and technology support services.