Sanford J. Hodes Sells 3,360 Shares of Ryder System, Inc. (NYSE:R) Stock

Ryder System, Inc. (NYSE:R) SVP Sanford J. Hodes sold 3,360 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $125.59, for a total value of $421,982.40. Following the sale, the senior vice president now owns 24,119 shares of the company’s stock, valued at $3,029,105.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Ryder System Stock Up 0.1 %

Shares of NYSE R opened at $125.50 on Thursday. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.82 and a current ratio of 0.82. Ryder System, Inc. has a 1 year low of $77.60 and a 1 year high of $127.21. The stock’s 50-day simple moving average is $117.06 and its 200-day simple moving average is $112.13. The firm has a market cap of $5.50 billion, a price-to-earnings ratio of 16.34 and a beta of 1.38.

Ryder System (NYSE:R) last posted its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.43. The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.06 billion. Ryder System had a return on equity of 18.38% and a net margin of 2.95%. Ryder System’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.81 EPS. As a group, equities analysts anticipate that Ryder System, Inc. will post 11.98 earnings per share for the current fiscal year.

Ryder System Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Monday, May 20th will be issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 2.26%. The ex-dividend date is Friday, May 17th. Ryder System’s dividend payout ratio is currently 36.98%.

Institutional Investors Weigh In On Ryder System

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Headlands Technologies LLC bought a new position in shares of Ryder System in the 3rd quarter worth about $26,000. Contravisory Investment Management Inc. bought a new position in Ryder System in the fourth quarter worth about $26,000. GAMMA Investing LLC acquired a new position in Ryder System in the fourth quarter valued at approximately $45,000. Creekmur Asset Management LLC acquired a new stake in shares of Ryder System during the 4th quarter worth approximately $68,000. Finally, CWM LLC lifted its holdings in shares of Ryder System by 62.0% in the 1st quarter. CWM LLC now owns 643 shares of the transportation company’s stock worth $77,000 after purchasing an additional 246 shares during the last quarter. Institutional investors own 87.47% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on R shares. Stephens increased their target price on shares of Ryder System from $113.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 24th. Wells Fargo & Company boosted their price objective on shares of Ryder System from $100.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 15th. Vertical Research downgraded shares of Ryder System from a “buy” rating to a “hold” rating and set a $120.00 price objective for the company. in a research note on Wednesday, January 10th. The Goldman Sachs Group boosted their price objective on shares of Ryder System from $122.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Ryder System from $120.00 to $126.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Ryder System presently has a consensus rating of “Hold” and a consensus price target of $126.83.

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.