Ryder System, Inc. (NYSE:R) Director Sells $981,216.18 in Stock

Key Points

• E Follin Smith, a director at Ryder System, sold 5,523 shares at an average price of $177.66, marking a 14.05% decrease in their ownership.
• Ryder System reported $3.32 EPS for the last quarter, exceeding analysts' expectations, and announced an increase in its quarterly dividend from $0.81 to $0.91 per share.
• Multiple analysts have raised their price targets for Ryder System's stock, with updated targets reaching $215.00 and overall ratings leaning towards a "Moderate Buy."

Ryder System, Inc. (NYSE:R - Get Free Report) Director E Follin Smith sold 5,523 shares of the business's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $177.66, for a total value of $981,216.18. Following the completion of the sale, the director directly owned 33,779 shares of the company's stock, valued at $6,001,177.14. This represents a 14.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Wednesday, July 30th, E Follin Smith sold 500 shares of Ryder System stock. The shares were sold at an average price of $180.00, for a total value of $90,000.00.
• On Monday, May 5th, E Follin Smith sold 1,243 shares of Ryder System stock. The shares were sold at an average price of $144.38, for a total value of $179,464.34.

Ryder System Price Performance

NYSE:R traded down $4.20 during mid-day trading on Friday, reaching $173.51. The stock had a trading volume of 353,414 shares, compared to its average volume of 425,720. The stock has a 50-day simple moving average of $162.36 and a two-hundred day simple moving average of $154.51. The stock has a market capitalization of $7.08 billion, a PE ratio of 14.75 and a beta of 1.00. The company has a debt-to-equity ratio of 2.27, a current ratio of 0.82 and a quick ratio of 0.82. Ryder System, Inc. has a 12 month low of $123.36 and a 12 month high of $184.76.

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

Ryder System Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Monday, August 18th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.1%. This is a boost from Ryder System's previous quarterly dividend of $0.81. The ex-dividend date is Monday, August 18th. Ryder System's dividend payout ratio (DPR) is presently 27.55%.

Hedge Funds Weigh In On Ryder System

Several hedge funds and other institutional investors have recently bought and sold shares of R. James Investment Research Inc. raised its holdings in shares of Ryder System by 46.4% in the 2nd quarter. James Investment Research Inc. now owns 10,007 shares of the transportation company's stock worth $1,591,000 after acquiring an additional 3,171 shares during the last quarter. New York Life Investment Management LLC acquired a new stake in shares of Ryder System in the 2nd quarter worth about $684,000. Envestnet Asset Management Inc. raised its holdings in shares of Ryder System by 1.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 79,453 shares of the transportation company's stock worth $12,633,000 after acquiring an additional 1,320 shares during the last quarter. State of New Jersey Common Pension Fund D raised its holdings in shares of Ryder System by 3.4% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 12,530 shares of the transportation company's stock worth $1,992,000 after acquiring an additional 417 shares during the last quarter. Finally, Forum Financial Management LP raised its holdings in shares of Ryder System by 9.9% in the 2nd quarter. Forum Financial Management LP now owns 1,650 shares of the transportation company's stock worth $262,000 after acquiring an additional 149 shares during the last quarter. Institutional investors and hedge funds own 87.47% of the company's stock.

Analyst Upgrades and Downgrades

R has been the topic of a number of recent research reports. Wolfe Research raised Ryder System from a "peer perform" rating to an "outperform" rating and set a $159.00 price objective on the stock in a report on Tuesday, July 1st. Barclays initiated coverage on Ryder System in a report on Monday, June 9th. They issued an "overweight" rating and a $190.00 target price on the stock. Susquehanna initiated coverage on Ryder System in a report on Tuesday, July 15th. They issued a "positive" rating and a $215.00 target price on the stock. Baird R W raised Ryder System to a "strong-buy" rating in a report on Tuesday, July 1st. Finally, Morgan Stanley upped their price objective on Ryder System from $175.00 to $190.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $186.50.

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.