Robert E. Sanchez Sells 22,063 Shares of Ryder System, Inc. (NYSE:R) Stock

Key Points

• Ryder System, Inc. CEO Robert E. Sanchez sold 22,063 shares of stock for a total of approximately $4 million, reducing his ownership by nearly 26% to 62,887 shares.
• The company's stock is currently trading at $178.65, showing a slight decrease of 0.4%, with a market cap of $7.29 billion and P/E ratio of 15.19.
• Ryder System recently announced an increase in its quarterly dividend to $0.91 per share, reflecting a yield of 2.04% and a payout ratio of 27.55%.

Ryder System, Inc. (NYSE:R - Get Free Report) CEO Robert E. Sanchez sold 22,063 shares of Ryder System stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $182.49, for a total transaction of $4,026,276.87. Following the completion of the sale, the chief executive officer owned 62,887 shares of the company's stock, valued at approximately $11,476,248.63. The trade was a 25.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Ryder System Stock Down 2.4%

NYSE R traded down $4.20 on Friday, reaching $173.51. The company had a trading volume of 353,414 shares, compared to its average volume of 385,011. The firm has a market capitalization of $7.08 billion, a PE ratio of 14.75 and a beta of 0.97. The company has a debt-to-equity ratio of 2.27, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a 50-day moving average of $161.88 and a 200-day moving average of $154.47. Ryder System, Inc. has a 1 year low of $123.36 and a 1 year high of $184.76.

Ryder System (NYSE:R - Get Free Report) last announced its quarterly earnings data 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. Ryder System had a return on equity of 17.83% and a net margin of 3.99%. The firm had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same period in the prior year, the business earned $3.00 EPS. The business's revenue for the quarter was up .2% on a year-over-year basis. On average, equities research analysts anticipate that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Monday, August 18th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Monday, August 18th. This represents a $3.64 annualized dividend and a yield of 2.1%. This is a positive change from Ryder System's previous quarterly dividend of $0.81. Ryder System's payout ratio is presently 30.95%.

Hedge Funds Weigh In On Ryder System

A number of institutional investors and hedge funds have recently bought and sold shares of R. LPL Financial LLC increased its holdings in Ryder System by 12.0% in the fourth quarter. LPL Financial LLC now owns 14,552 shares of the transportation company's stock valued at $2,283,000 after purchasing an additional 1,557 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Ryder System by 2.8% during the fourth quarter. JPMorgan Chase & Co. now owns 149,415 shares of the transportation company's stock worth $23,437,000 after buying an additional 4,062 shares during the period. Norges Bank acquired a new position in Ryder System during the fourth quarter valued at approximately $97,844,000. New Age Alpha Advisors LLC acquired a new position in Ryder System during the fourth quarter valued at approximately $86,000. Finally, Pictet Asset Management Holding SA lifted its position 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 valued at $921,000 after buying an additional 422 shares during the last quarter. Institutional investors and hedge funds own 87.47% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on R. Stephens increased their price objective on shares of Ryder System from $150.00 to $190.00 and gave the company an "equal weight" rating in a research note on Tuesday. Baird R W raised shares of Ryder System to a "strong-buy" rating in a report on Tuesday, July 1st. Barclays started coverage on shares of Ryder System in a report on Monday, June 9th. They issued an "overweight" rating and a $190.00 price objective for the company. Robert W. Baird increased their target price on shares of Ryder System from $186.00 to $192.00 and gave the stock an "outperform" rating in a research note on Monday. Finally, Susquehanna initiated 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 on the stock. Three investment 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, Ryder System has an average rating of "Moderate Buy" and an average target price 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.