Ryder System, Inc. (NYSE:R) CFO Sells $180,870.00 in Stock

Key Points

• CFO Cristina Gallo-Aquino sold 1,000 shares of Ryder System stock at an average price of $180.87, totaling $180,870, which reduced her ownership to 26,561 shares.
• Ryder System recently increased its quarterly dividend from $0.81 to $0.91, representing an annualized dividend of $3.64 at a yield of 2.04%.
• Analysts have set new price targets for Ryder System, with some giving an "overweight" rating and estimates as high as $215.00 for the stock.

Ryder System, Inc. (NYSE:R - Get Free Report) CFO Cristina Gallo-Aquino sold 1,000 shares of Ryder System stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $180.87, for a total value of $180,870.00. Following the completion of the sale, the chief financial officer directly owned 26,561 shares in the company, valued at $4,804,088.07. This represents a 3.63% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Ryder System Trading Down 0.4%

Shares of NYSE R traded down $0.76 during trading on Wednesday, hitting $178.65. 397,692 shares of the company traded hands, compared to its average volume of 384,203. Ryder System, Inc. has a 1 year low of $123.36 and a 1 year high of $184.76. The company has a 50-day moving average price of $160.78 and a 200-day moving average price of $154.15. The firm has a market capitalization of $7.29 billion, a P/E ratio of 15.19 and a beta of 0.97. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 2.27.

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, beating the consensus estimate of $3.11 by $0.21. Ryder System had a net margin of 3.99% and a return on equity of 17.83%. The company had revenue of $3.19 billion during the quarter, compared to analysts' expectations of $3.17 billion. During the same period in the previous year, the company earned $3.00 EPS. The business's quarterly revenue was up .2% compared to the same quarter last year. On average, equities analysts predict that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Monday, August 18th will be given a $0.91 dividend. This is a boost from Ryder System's previous quarterly dividend of $0.81. This represents a $3.64 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date is Monday, August 18th. Ryder System's dividend payout ratio is presently 27.55%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on R shares. Barclays started coverage on Ryder System in a report on Monday, June 9th. They issued an "overweight" rating and a $190.00 price objective on the stock. Morgan Stanley lifted their price target on shares of Ryder System from $175.00 to $190.00 and gave the company an "overweight" rating in a research report on Monday. 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 target for the company. Wolfe Research upgraded shares of Ryder System from a "peer perform" rating to an "outperform" rating and set a $159.00 price target for the company in a research report on Tuesday, July 1st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Ryder System from $165.00 to $173.00 and gave the company a "neutral" rating in a research report on Tuesday, July 8th. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $186.50.

Hedge Funds Weigh In On Ryder System

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Forum Financial Management LP raised its stake 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 valued at $262,000 after purchasing an additional 149 shares in the last quarter. Ethic Inc. raised its stake in Ryder System by 36.9% during the second quarter. Ethic Inc. now owns 12,289 shares of the transportation company's stock worth $1,977,000 after acquiring an additional 3,311 shares during the period. Pacific Heights Asset Management LLC raised its stake in Ryder System by 3.8% during the second quarter. Pacific Heights Asset Management LLC now owns 83,000 shares of the transportation company's stock worth $13,197,000 after acquiring an additional 3,000 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Ryder System during the second quarter worth about $2,629,000. Finally, Nordea Investment Management AB raised its stake in Ryder System by 0.5% during the second quarter. Nordea Investment Management AB now owns 76,402 shares of the transportation company's stock worth $12,158,000 after acquiring an additional 401 shares during the period. 87.47% of the stock is owned by hedge funds and other institutional investors.

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.

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