Ryder System, Inc. (NYSE:R) Director Sells $90,000.00 in Stock

Key Points

• Director E Follin Smith sold 500 shares of Ryder System at an average price of $180.00, totaling $90,000.00, and now holds 39,302 shares valued at approximately $7,074,360.
• Ryder System's stock price decreased by 2.4% to $173.51, with a market capitalization of $7.08 billion and a PE ratio of 14.75.
• The company announced a quarterly dividend increase from $0.81 to $0.91 per share, resulting in an annualized dividend yield of 2.1%.

Ryder System, Inc. (NYSE:R - Get Free Report) Director E Follin Smith sold 500 shares of the business's stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $180.00, for a total transaction of $90,000.00. Following the transaction, the director owned 39,302 shares in the company, valued at $7,074,360. This represents a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

E Follin Smith also recently made the following trade(s):

• On Thursday, July 31st, E Follin Smith sold 5,523 shares of Ryder System stock. The stock was sold at an average price of $177.66, for a total transaction of $981,216.18.
• On Monday, May 5th, E Follin Smith sold 1,243 shares of Ryder System stock. The stock was sold at an average price of $144.38, for a total transaction of $179,464.34.

Ryder System Price Performance

Ryder System stock traded up $0.78 during midday trading on Tuesday, reaching $176.35. 73,909 shares of the stock were exchanged, compared to its average volume of 382,497. The company's fifty day moving average is $162.89 and its 200-day moving average is $154.50. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market cap of $7.19 billion, a PE ratio of 14.98 and a beta of 1.00. Ryder System, Inc. has a 52 week low of $125.54 and a 52 week high of $184.76.

Ryder System (NYSE:R - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The transportation company reported $3.32 EPS for the quarter, topping analysts' consensus estimates of $3.11 by $0.21. Ryder System had a net margin of 3.99% and a return on equity of 17.83%. The firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.17 billion. During the same quarter in the prior year, the firm earned $3.00 EPS. The business's revenue for the quarter was up .2% compared to the same quarter last year. On average, sell-side analysts forecast that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Monday, August 18th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Monday, August 18th. This is an increase from Ryder System's previous quarterly dividend of $0.81. Ryder System's dividend payout ratio is currently 27.55%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Baird R W raised shares of Ryder System to a "strong-buy" rating in a report on Tuesday, July 1st. Stephens upped their price objective on shares of Ryder System from $150.00 to $190.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 29th. Susquehanna assumed coverage on shares of Ryder System in a research report on Tuesday, July 15th. They set a "positive" rating and a $215.00 price objective for the company. Barclays assumed coverage on shares of Ryder System in a research report on Monday, June 9th. They set an "overweight" rating and a $190.00 price objective for the company. Finally, Morgan Stanley upped their price objective on shares of Ryder System from $175.00 to $190.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $186.50.

Institutional Investors Weigh In On Ryder System

Several institutional investors have recently added to or reduced their stakes in R. LPL Financial LLC increased its stake in shares of Ryder System by 12.0% in the 4th quarter. LPL Financial LLC now owns 14,552 shares of the transportation company's stock worth $2,283,000 after acquiring an additional 1,557 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Ryder System by 2.8% in the fourth quarter. JPMorgan Chase & Co. now owns 149,415 shares of the transportation company's stock worth $23,437,000 after acquiring an additional 4,062 shares during the period. New Age Alpha Advisors LLC bought a new stake in shares of Ryder System in the fourth quarter worth approximately $86,000. Pictet Asset Management Holding SA boosted its holdings in shares of Ryder System by 7.7% in the fourth quarter. Pictet Asset Management Holding SA now owns 5,870 shares of the transportation company's stock worth $921,000 after buying an additional 422 shares during the last quarter. Finally, World Investment Advisors purchased a new position in shares of Ryder System in the fourth quarter worth approximately $351,000. Hedge funds and other institutional investors own 87.47% of the company's stock.

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.