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

Ryder System, Inc. (NYSE:R) SVP Sanford J. Hodes sold 3,360 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $125.59, for a total transaction of $421,982.40. Following the sale, the senior vice president now directly owns 24,119 shares of the company’s stock, valued at approximately $3,029,105.21. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Ryder System Trading Down 0.2 %

Shares of Ryder System stock traded down $0.29 on Tuesday, reaching $125.39. 244,349 shares of the company’s stock were exchanged, compared to its average volume of 264,931. Ryder System, Inc. has a 52 week low of $77.60 and a 52 week high of $127.21. The firm’s 50-day moving average is $116.54 and its two-hundred day moving average is $111.86. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market capitalization of $5.50 billion, a P/E ratio of 16.36 and a beta of 1.38.

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

Ryder System Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Investors 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 is Friday, May 17th. Ryder System’s dividend payout ratio is currently 36.98%.

Hedge Funds Weigh In On Ryder System

A number of large investors have recently modified their holdings of R. Contravisory Investment Management Inc. bought a new position in Ryder System during the 4th quarter valued at $26,000. Headlands Technologies LLC bought a new position in Ryder System during the 3rd quarter valued at $26,000. GAMMA Investing LLC bought a new position in Ryder System during the 4th quarter valued at $45,000. Creekmur Asset Management LLC bought a new position in Ryder System during the 4th quarter valued at $68,000. Finally, CWM LLC lifted its stake in Ryder System by 62.0% during the 1st quarter. CWM LLC now owns 643 shares of the transportation company’s stock valued at $77,000 after acquiring an additional 246 shares in the last quarter. 87.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. The Goldman Sachs Group increased their target price on shares of Ryder System from $122.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. JPMorgan Chase & Co. increased their target price 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. StockNews.com raised shares of Ryder System from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. Wells Fargo & Company increased their price target on Ryder System from $100.00 to $120.00 and gave the stock an “equal weight” rating in a report on Thursday, February 15th. Finally, Stephens increased their price target on Ryder System from $113.00 to $120.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target 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.