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 that occurred on Monday, May 6th. The stock was sold at an average price of $125.61, for a total transaction of $181,255.23. Following the transaction, the director now directly owns 28,569 shares in the company, valued at approximately $3,588,552.09. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Ryder System Price Performance

NYSE:R traded down $0.36 during trading hours on Tuesday, hitting $125.32. 244,349 shares of the company’s stock traded hands, compared to its average volume of 264,931. The business’s fifty day simple moving average is $116.54 and its two-hundred day simple moving average is $111.86. The firm has a market cap of $5.49 billion, a P/E ratio of 16.36 and a beta of 1.38. 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.

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

Ryder System Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Monday, May 20th will be issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 2.27%. The ex-dividend date is Friday, May 17th. Ryder System’s dividend payout ratio is currently 36.98%.

Institutional Trading of Ryder System

Several hedge funds have recently added to or reduced their stakes in R. Sei Investments Co. increased its stake in Ryder System by 7.0% in the 1st quarter. Sei Investments Co. now owns 809,590 shares of the transportation company’s stock worth $97,301,000 after buying an additional 53,288 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Ryder System by 429.2% in the 1st quarter. SG Americas Securities LLC now owns 12,945 shares of the transportation company’s stock valued at $1,556,000 after buying an additional 10,499 shares in the last quarter. Empowered Funds LLC purchased a new stake in Ryder System during the first quarter valued at approximately $204,000. AIA Group Ltd purchased a new position in Ryder System in the first quarter worth $340,000. Finally, Texas Permanent School Fund Corp lifted its holdings in shares of Ryder System by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 38,790 shares of the transportation company’s stock valued at $4,662,000 after purchasing an additional 501 shares during the last quarter. 87.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on R shares. The Goldman Sachs Group increased their price target on Ryder System from $122.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Stephens raised their target price on Ryder System from $113.00 to $120.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 24th. JPMorgan Chase & Co. boosted their price target on shares of Ryder System from $120.00 to $126.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Vertical Research lowered shares of Ryder System from a “buy” rating to a “hold” rating and set a $120.00 price target for the company. in a research report on Wednesday, January 10th. Finally, StockNews.com raised shares of Ryder System from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus 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.