Sanford J. Hodes Sells 3,360 Shares of Ryder System, Inc. (NYSE:R) Stock

Ryder System, Inc. (NYSE:R) SVP Sanford J. Hodes sold 3,360 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $125.59, for a total transaction of $421,982.40. Following the completion of the transaction, the senior vice president now owns 24,119 shares of the company’s stock, valued at $3,029,105.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Ryder System Price Performance

Shares of R opened at $125.50 on Thursday. The stock has a market cap of $5.50 billion, a PE ratio of 16.34 and a beta of 1.38. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.82 and a current ratio of 0.82. Ryder System, Inc. has a fifty-two week low of $77.60 and a fifty-two week high of $127.21. The firm’s 50-day simple moving average is $117.06 and its two-hundred day simple moving average is $112.13.

Ryder System (NYSE:R) last announced its quarterly earnings data 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. The business had revenue of $3.10 billion for 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 business’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.81 earnings per share. Analysts anticipate that Ryder System, Inc. will post 11.98 earnings per share for the current fiscal year.

Ryder System Announces Dividend

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

Wall Street Analyst Weigh In

R has been the subject of several analyst reports. 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. The Goldman Sachs Group upped their price target on shares of Ryder System from $122.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Wells Fargo & Company upped their price target on shares of Ryder System from $100.00 to $120.00 and gave the company an “equal weight” rating in a research report on Thursday, February 15th. StockNews.com raised shares of Ryder System from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. Finally, Stephens upped 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 equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $126.83.

Institutional Investors Weigh In On Ryder System

A number of institutional investors have recently made changes to their positions in the company. Commonwealth Equity Services LLC boosted its holdings in Ryder System by 2.9% in the third quarter. Commonwealth Equity Services LLC now owns 11,523 shares of the transportation company’s stock worth $1,232,000 after purchasing an additional 321 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in Ryder System by 21.3% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 6,340 shares of the transportation company’s stock worth $678,000 after purchasing an additional 1,113 shares in the last quarter. Raymond James & Associates lifted its stake in Ryder System by 14.6% in the 3rd quarter. Raymond James & Associates now owns 13,943 shares of the transportation company’s stock worth $1,491,000 after purchasing an additional 1,781 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in Ryder System by 6.4% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 4,029 shares of the transportation company’s stock worth $431,000 after purchasing an additional 244 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Ryder System by 9.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,767 shares of the transportation company’s stock worth $938,000 after purchasing an additional 774 shares in the last quarter. Hedge funds and other institutional investors own 87.47% of the company’s stock.

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.