Ryder System (NYSE:R) CFO Cristina Gallo-Aquino Sells 1,238 Shares of Company Stock

Key Points

• Ryder CFO Cristina Gallo-Aquino sold 1,238 shares at an average price of $276.85, generating $342,740.30 and reducing her direct stake by 4.09% to 29,026 shares.
• Ryder’s latest quarterly results exceeded expectations, with EPS of $4.33 versus the $4.15 consensus and revenue of $3.43 billion, up 8.3% year over year.
• The company declared a quarterly dividend of $1.01, or $4.04 annually, representing a 1.4% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $296.67.

Ryder System, Inc. (NYSE:R - Get Free Report) CFO Cristina Gallo-Aquino sold 1,238 shares of Ryder System stock in a transaction on Thursday, October 29th. The stock was sold at an average price of $276.85, for a total transaction of $342,740.30. Following the sale, the chief financial officer directly owned 29,026 shares of the company's stock, valued at $8,035,848.10. This represents a 4.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Ryder System Trading Up 1.3%

Shares of NYSE:R traded up $3.80 during midday trading on Monday, hitting $286.35. The company had a trading volume of 296,162 shares, compared to its average volume of 363,128. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.86. Ryder System, Inc. has a 12 month low of $161.41 and a 12 month high of $291.03. The firm has a fifty day simple moving average of $245.00 and a 200 day simple moving average of $237.18. The stock has a market cap of $10.94 billion, a price-to-earnings ratio of 21.83 and a beta of 1.05.

Ryder System (NYSE:R - Get Free Report) last released its earnings results on Thursday, October 22nd. The transportation company reported $4.33 earnings per share for the quarter, beating the consensus estimate of $4.15 by $0.18. Ryder System had a return on equity of 19.14% and a net margin of 3.98%. The firm had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.38 billion. During the same quarter in the prior year, the firm posted $3.57 earnings per share. The company's quarterly revenue was up 8.3% on a year-over-year basis. On average, analysts predict that Ryder System, Inc. will post 15.07 EPS for the current year.

Ryder System Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Monday, November 23rd will be issued a $1.01 dividend. The ex-dividend date of this dividend is Monday, November 23rd. This represents a $4.04 annualized dividend and a dividend yield of 1.4%. Ryder System's payout ratio is 30.79%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on R. Weiss Ratings restated a "buy (b)" rating on shares of Ryder System in a report on Monday, August 24th. Barclays upped their price target on shares of Ryder System from $300.00 to $315.00 and gave the company an "overweight" rating in a report on Friday, October 23rd. Janney Montgomery Scott set a $285.00 price objective on shares of Ryder System in a research report on Thursday, October 8th. Citizens Jmp started coverage on Ryder System in a report on Wednesday, July 15th. They issued a "market perform" rating on the stock. Finally, Morgan Stanley upgraded Ryder System from an "overweight" rating to a "buy" rating in a report on Monday, October 5th. Eight analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $296.67.

Hedge Funds Weigh In On Ryder System

A number of large investors have recently modified their holdings of the business. MassMutual Private Wealth & Trust FSB increased its position in shares of Ryder System by 36.8% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 160 shares of the transportation company's stock valued at $42,000 after acquiring an additional 43 shares during the last quarter. Versant Capital Management Inc grew its stake in Ryder System by 19.2% in the third quarter. Versant Capital Management Inc now owns 317 shares of the transportation company's stock valued at $72,000 after purchasing an additional 51 shares in the last quarter. Quantum Portfolio Management LLC grew its stake in Ryder System by 2.1% in the first quarter. Quantum Portfolio Management LLC now owns 2,564 shares of the transportation company's stock valued at $525,000 after purchasing an additional 52 shares in the last quarter. Baird Financial Group Inc. grew its stake in Ryder System by 0.7% in the second quarter. Baird Financial Group Inc. now owns 9,441 shares of the transportation company's stock valued at $2,490,000 after purchasing an additional 61 shares in the last quarter. Finally, Parallel Advisors LLC increased its position in shares of Ryder System by 5.2% during the 1st quarter. Parallel Advisors LLC now owns 1,385 shares of the transportation company's stock worth $284,000 after purchasing an additional 68 shares during the last quarter. 87.47% of the stock is currently owned by institutional investors and hedge funds.

About Ryder System

Ryder System, Inc is a transportation and logistics company that provides fleet management, supply chain and dedicated transportation services. Founded in 1933 by James Ryder and headquartered in Miami, Florida, the company serves businesses that rely on commercial vehicles, transportation networks and logistics infrastructure.

Through its Fleet Management Solutions business, Ryder offers full-service leasing, commercial vehicle rental, maintenance, fleet support and related services for trucks, tractors, trailers and other vehicles.

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