Cristina Gallo-Aquino Sells 1,000 Shares of Ryder System, Inc. (NYSE:R) 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 dated Tuesday, July 29th. The stock was sold at an average price of $180.87, for a total transaction of $180,870.00. Following the transaction, the chief financial officer directly owned 26,561 shares in the company, valued at $4,804,088.07. This trade represents a 3.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Ryder System Stock Down 2.4%

Shares of R stock traded down $4.20 during trading on Friday, reaching $173.51. The company's stock had a trading volume of 353,414 shares, compared to its average volume of 425,720. 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 company has a market capitalization of $7.08 billion, a price-to-earnings ratio of 14.75 and a beta of 1.00. The stock's 50-day moving average price is $162.36 and its 200 day moving average price is $154.51. 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 for the quarter, beating analysts' consensus estimates of $3.11 by $0.21. The firm had revenue of $3.19 billion during the quarter, compared to analysts' expectations of $3.17 billion. Ryder System had a net margin of 3.99% and a return on equity of 17.83%. The business's quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.00 earnings per share. On average, research analysts anticipate that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Increases Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Ryder System during the 1st quarter worth approximately $26,000. TCTC Holdings LLC raised its position in Ryder System by 116.5% in the 1st quarter. TCTC Holdings LLC now owns 223 shares of the transportation company's stock valued at $32,000 after purchasing an additional 120 shares during the last quarter. IFP Advisors Inc raised its position in Ryder System by 103.6% during the 2nd quarter. IFP Advisors Inc now owns 224 shares of the transportation company's stock worth $36,000 after buying an additional 114 shares during the last quarter. Trust Co. of Toledo NA OH purchased a new position in Ryder System during the 2nd quarter worth $37,000. Finally, Geneos Wealth Management Inc. raised its position in Ryder System by 61.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 287 shares of the transportation company's stock worth $41,000 after buying an additional 109 shares during the last quarter. Institutional investors and hedge funds own 87.47% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Wolfe Research raised shares of Ryder System from a "peer perform" rating to an "outperform" rating and set a $159.00 target price on the stock in a research note on Tuesday, July 1st. Stephens boosted their price target 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, July 29th. Baird R W raised shares of Ryder System to a "strong-buy" rating in a research note on Tuesday, July 1st. Morgan Stanley boosted their price target on shares of Ryder System from $175.00 to $190.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Ryder System from $165.00 to $173.00 and gave the company a "neutral" rating in a research note on Tuesday, July 8th. Three investment 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 company's stock. According to data from MarketBeat.com, Ryder System has an average rating of "Moderate Buy" and an average price target of $186.50.

About Ryder System

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.