Ryder System, Inc. (NYSE:R) Director Luis P. Nieto, Jr. Sells 1,443 Shares of Stock

Ryder System, Inc. (NYSE:R) Director Luis P. Nieto, Jr. sold 1,443 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $125.61, for a total value of $181,255.23. Following the sale, the director now owns 28,569 shares of the company’s stock, valued at approximately $3,588,552.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ryder System Stock Down 0.2 %

R stock opened at $125.39 on Wednesday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 2.22. Ryder System, Inc. has a 52 week low of $77.60 and a 52 week high of $127.21. The stock has a market capitalization of $5.50 billion, a PE ratio of 16.33 and a beta of 1.38. The firm has a 50 day moving average of $116.81 and a 200 day moving average of $112.03.

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

Ryder System Announces Dividend

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

Institutional Investors Weigh In On Ryder System

Institutional investors and hedge funds have recently modified their holdings of the company. QRG Capital Management Inc. lifted its position in Ryder System by 6.1% during the first quarter. QRG Capital Management Inc. now owns 16,399 shares of the transportation company’s stock valued at $1,971,000 after purchasing an additional 949 shares during the period. Sei Investments Co. raised its stake in shares of Ryder System by 7.0% during the 1st quarter. Sei Investments Co. now owns 809,590 shares of the transportation company’s stock valued at $97,301,000 after buying an additional 53,288 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Ryder System by 429.2% in the first quarter. SG Americas Securities LLC now owns 12,945 shares of the transportation company’s stock worth $1,556,000 after buying an additional 10,499 shares during the last quarter. Empowered Funds LLC acquired a new stake in Ryder System during the first quarter worth about $204,000. Finally, AIA Group Ltd purchased a new position in Ryder System during the first quarter valued at approximately $340,000. Institutional investors and hedge funds own 87.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on R shares. The Goldman Sachs Group boosted their price target on Ryder System from $122.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. JPMorgan Chase & Co. increased their price target on shares of Ryder System from $120.00 to $126.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Wells Fargo & Company lifted 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 report on Thursday, February 15th. Stephens increased their target price on shares of Ryder System from $113.00 to $120.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 24th. Finally, Vertical Research lowered shares of Ryder System from a “buy” rating to a “hold” rating and set a $120.00 price target on the stock. in a report on Wednesday, January 10th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $126.83.

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.