Insider Selling: Ryder System, Inc. (NYSE:R) EVP Sells 12,730 Shares of Stock

Ryder System, Inc. (NYSE:R) EVP Francisco Jr. Lopez sold 12,730 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $139.32, for a total value of $1,773,543.60. Following the completion of the transaction, the executive vice president now owns 47,779 shares of the company’s stock, valued at $6,656,570.28. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Ryder System Price Performance

Shares of R traded down $1.75 during trading hours on Monday, hitting $129.38. 548,930 shares of the company were exchanged, compared to its average volume of 266,588. The firm’s fifty day moving average is $125.23 and its 200 day moving average is $119.94. The company has a market cap of $5.60 billion, a price-to-earnings ratio of 17.07 and a beta of 1.29. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.09. Ryder System, Inc. has a fifty-two week low of $91.31 and a fifty-two week high of $143.54.

Ryder System (NYSE:R) last released its quarterly earnings data on Thursday, July 25th. The transportation company reported $3.00 earnings per share for the quarter, beating the consensus estimate of $2.87 by $0.13. The business had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.24 billion. Ryder System had a return on equity of 17.22% and a net margin of 4.06%. Ryder System’s revenue was up 10.3% compared to the same quarter last year. During the same period last year, the firm posted $3.61 earnings per share. On average, equities analysts anticipate that Ryder System, Inc. will post 12.19 earnings per share for the current fiscal year.

Ryder System Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Monday, August 19th will be given a $0.81 dividend. The ex-dividend date of this dividend is Monday, August 19th. This is an increase from Ryder System’s previous quarterly dividend of $0.71. This represents a $3.24 annualized dividend and a yield of 2.50%. Ryder System’s dividend payout ratio (DPR) is currently 36.98%.

Hedge Funds Weigh In On Ryder System

A number of hedge funds have recently made changes to their positions in the stock. Arizona State Retirement System raised its position in shares of Ryder System by 1.7% during the second quarter. Arizona State Retirement System now owns 12,393 shares of the transportation company’s stock worth $1,535,000 after acquiring an additional 212 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Ryder System by 13.5% during the second quarter. Victory Capital Management Inc. now owns 460,134 shares of the transportation company’s stock worth $57,001,000 after acquiring an additional 54,605 shares during the last quarter. Jackson Creek Investment Advisors LLC bought a new position in shares of Ryder System during the second quarter worth about $806,000. Natixis Advisors LLC raised its position in shares of Ryder System by 16.3% during the second quarter. Natixis Advisors LLC now owns 89,170 shares of the transportation company’s stock worth $11,046,000 after acquiring an additional 12,469 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its position in shares of Ryder System by 4.3% during the second quarter. Commonwealth Equity Services LLC now owns 14,132 shares of the transportation company’s stock worth $1,751,000 after acquiring an additional 578 shares during the last quarter. 87.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on R. StockNews.com cut Ryder System from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 12th. Morgan Stanley started coverage on Ryder System in a research note on Monday, June 24th. They issued an “overweight” rating and a $165.00 price target on the stock. Stephens began coverage on Ryder System in a research note on Monday, July 8th. They issued an “equal weight” rating on the stock. The Goldman Sachs Group upped their price objective on Ryder System from $122.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Finally, Vertical Research raised Ryder System from a “hold” rating to a “buy” rating and upped their price objective for the company from $125.00 to $145.00 in a report on Friday, June 14th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $137.86.

Ryder System Company Profile

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.