Ryder System, Inc. (NYSE:R) Insider Thomas M. Havens Sells 6,500 Shares

Key Points

• Thomas M. Havens, an insider at Ryder System, sold 6,500 shares of the company's stock for a total value of $1,181,505, decreasing their ownership by 16.68%.
• Ryder System recently declared a quarterly dividend of $0.91 per share, up from $0.81, representing a 2.0% yield on an annualized basis.
• Research analysts have a generally favorable outlook on Ryder System, with an average rating of "Moderate Buy" and a target price of $186.50.

Ryder System, Inc. (NYSE:R - Get Free Report) insider Thomas M. Havens sold 6,500 shares of the company's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $181.77, for a total value of $1,181,505.00. Following the sale, the insider owned 32,478 shares of the company's stock, valued at approximately $5,903,526.06. This represents a 16.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Ryder System Stock Performance

Shares of Ryder System stock traded down $2.17 on Friday, reaching $179.94. 216,125 shares of the stock were exchanged, compared to its average volume of 378,849. The firm has a market capitalization of $7.34 billion, a PE ratio of 15.30 and a beta of 1.00. Ryder System, Inc. has a 1-year low of $125.54 and a 1-year high of $184.76. The business has a fifty day moving average price of $167.58 and a two-hundred day moving average price of $155.42. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 2.27.

Ryder System (NYSE:R - Get Free Report) last released its quarterly earnings results 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 net margin of 3.99% and a return on equity of 17.83%. The firm had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter in the previous year, the firm posted $3.00 EPS. The firm's quarterly revenue was up .2% on a year-over-year basis. As a group, research analysts anticipate that Ryder System, Inc. will post 13.68 earnings per share 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. Shareholders of record on Monday, August 18th will be issued a $0.91 dividend. This is a boost from Ryder System's previous quarterly dividend of $0.81. The ex-dividend date of this dividend is Monday, August 18th. This represents a $3.64 dividend on an annualized basis and a yield of 2.0%. Ryder System's payout ratio is currently 27.55%.

Institutional Trading of Ryder System

Hedge funds have recently bought and sold shares of the stock. Bank of Montreal Can grew its position in shares of Ryder System by 6.4% during the 4th quarter. Bank of Montreal Can now owns 6,674 shares of the transportation company's stock worth $1,047,000 after buying an additional 403 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Ryder System in the fourth quarter valued at approximately $6,868,000. Barclays PLC boosted its holdings in shares of Ryder System by 39.4% during the 4th quarter. Barclays PLC now owns 40,105 shares of the transportation company's stock worth $6,292,000 after buying an additional 11,325 shares in the last quarter. Guggenheim Capital LLC grew its position in Ryder System by 30.8% in the 4th quarter. Guggenheim Capital LLC now owns 10,153 shares of the transportation company's stock valued at $1,593,000 after purchasing an additional 2,393 shares during the period. Finally, Ontario Teachers Pension Plan Board bought a new stake in shares of Ryder System during the 4th quarter worth $421,000. 87.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently 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 target price on the stock. JPMorgan Chase & Co. upped their price objective on Ryder System from $165.00 to $173.00 and gave the company a "neutral" rating in a research report on Tuesday, July 8th. Robert W. Baird raised their price target on Ryder System from $186.00 to $192.00 and gave the company an "outperform" rating in a report on Monday, July 28th. Morgan Stanley boosted their price target on Ryder System from $175.00 to $190.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Finally, Stephens upped their target price on Ryder System from $150.00 to $190.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 29th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, 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.

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