Ryder System (NYSE:R) EVP Thomas Michael Regan Sells 3,032 Shares of Stock

Key Points

• Insider sale: EVP Thomas Michael Regan sold 3,032 Ryder shares for about $873,368, reducing his holdings by 52.43% to 2,751 shares.
• Quarterly results beat estimates: Ryder reported EPS of $4.33 versus analysts’ $4.15 forecast and revenue of $3.43 billion, up 8.3% year over year.
• Business expansion: Ryder completed its acquisition of Efficiency Enterprises, adding six locations and about 50 technicians to its East Coast fleet-services network.

Ryder System, Inc. (NYSE:R - Get Free Report) EVP Thomas Michael Regan sold 3,032 shares of the company's stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $288.05, for a total value of $873,367.60. Following the sale, the executive vice president owned 2,751 shares in the company, valued at approximately $792,425.55. This represents a 52.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Ryder System Price Performance

Shares of R stock traded down $3.60 during trading hours on Tuesday, reaching $281.98. The stock had a trading volume of 319,113 shares, compared to its average volume of 362,919. The stock's fifty day simple moving average is $245.73 and its 200 day simple moving average is $237.66. The firm has a market capitalization of $10.78 billion, a PE ratio of 21.49 and a beta of 1.05. Ryder System, Inc. has a 12 month low of $161.41 and a 12 month high of $291.02. 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 (NYSE:R - Get Free Report) last posted its earnings results on Thursday, October 22nd. The transportation company reported $4.33 earnings per share for the quarter, topping analysts' consensus estimates of $4.15 by $0.18. Ryder System had a net margin of 3.98% and a return on equity of 19.14%. The business 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 EPS. Ryder System's revenue was up 8.3% on a year-over-year basis. On average, equities research analysts predict that Ryder System, Inc. will post 15.07 EPS for the current year.

Ryder System Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Monday, November 23rd will be given a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Monday, November 23rd. Ryder System's dividend payout ratio (DPR) is 30.79%.

Key Stories Impacting Ryder System

Here are the key news stories impacting Ryder System this week:

• Positive Sentiment: Ryder completed its acquisition of Efficiency Enterprises, adding six locations across Florida, New York, Maryland and Delaware, along with approximately 50 technicians. The expanded footprint could strengthen Ryder’s fleet-management, maintenance and leasing network on the East Coast. Ryder acquisition announcement
• Positive Sentiment: A Zacks article highlighted Ryder as a potential momentum pick, reflecting favorable recent share-price trends, though the item provided no new company-specific financial developments. Zacks momentum article
• Neutral Sentiment: Ryder’s latest reported quarter showed earnings and revenue above analyst expectations, with revenue up 8.3% year over year. This provides a supportive fundamental backdrop, but the results were announced earlier and are not a new catalyst today.
• Negative Sentiment: Two insiders disclosed sales: CFO Cristina Gallo-Aquino sold 1,238 shares, about 4.1% of her position, and Thomas Havens sold 5,500 shares, about 16.6% of his position. Such sales can weigh on sentiment, although both retained substantial holdings. CFO sale filing Havens sale filing

Analyst Ratings Changes

A number of brokerages have weighed in on R. Susquehanna upped their target price on Ryder System from $280.00 to $318.00 and gave the stock a "positive" rating in a research note on Tuesday, October 27th. JPMorgan Chase & Co. boosted their price objective on Ryder System from $298.00 to $315.00 and gave the stock an "overweight" rating in a report on Friday, October 23rd. Citigroup restated a "market perform" rating on shares of Ryder System in a research report on Friday, October 23rd. Stephens raised their target price on shares of Ryder System from $280.00 to $305.00 and gave the company an "overweight" rating in a research note on Friday, October 23rd. Finally, Wall Street Zen upgraded shares of Ryder System from a "buy" rating to a "strong-buy" rating in a research report on Monday, October 12th. Eight analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Ryder System currently has an average rating of "Moderate Buy" and an average price target of $296.67.

Hedge Funds Weigh In On Ryder System

Large investors have recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Ryder System during the 2nd quarter valued at about $1,060,749,000. Bank of America Corp DE purchased a new stake in Ryder System in the second quarter worth $207,689,000. Bank of New York Mellon Corp purchased a new stake in Ryder System in the second quarter worth $136,320,000. First Trust Advisors LP raised its holdings in Ryder System by 81.5% in the first quarter. First Trust Advisors LP now owns 1,010,320 shares of the transportation company's stock worth $206,822,000 after purchasing an additional 453,697 shares in the last quarter. Finally, NewEdge Wealth LLC bought a new position in Ryder System in the second quarter worth $74,531,000. 87.47% of the stock is owned by hedge funds and other institutional investors.

Ryder System Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.