Ryder System, Inc. (NYSE:R) Director E Follin Smith sold 1,138 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $62.82, for a total transaction of $71,489.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Ryder System stock traded down $0.79 during trading on Thursday, reaching $52.29. The company’s stock had a trading volume of 410,202 shares, compared to its average volume of 445,708. The stock has a market cap of $2.84 billion, a PE ratio of 9.03 and a beta of 1.71. Ryder System, Inc. has a 52 week low of $44.80 and a 52 week high of $79.95. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.54 and a current ratio of 0.57.
Ryder System (NYSE:R) last posted its quarterly earnings results on Tuesday, April 30th. The transportation company reported $1.11 EPS for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.12. The business had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.14 billion. Ryder System had a return on equity of 11.26% and a net margin of 3.28%. Ryder System’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.91 earnings per share. Equities research analysts predict that Ryder System, Inc. will post 6.17 earnings per share for the current fiscal year.
R has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of Ryder System from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. ValuEngine raised shares of Ryder System from a “strong sell” rating to a “sell” rating in a research report on Thursday, February 14th. Finally, TheStreet raised shares of Ryder System from a “c+” rating to a “b-” rating in a research report on Thursday, February 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $76.89.
Hedge funds have recently bought and sold shares of the stock. CWM LLC raised its stake in Ryder System by 115.9% in the first quarter. CWM LLC now owns 408 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 219 shares in the last quarter. Rockefeller Capital Management L.P. acquired a new position in Ryder System during the first quarter worth about $30,000. WealthBridge Capital Management LLC acquired a new position in Ryder System during the first quarter worth about $32,000. Rehmann Capital Advisory Group raised its stake in Ryder System by 238.4% during the first quarter. Rehmann Capital Advisory Group now owns 599 shares of the transportation company’s stock worth $37,000 after acquiring an additional 422 shares in the last quarter. Finally, Bessemer Group Inc. raised its stake in Ryder System by 155.3% during the fourth quarter. Bessemer Group Inc. now owns 720 shares of the transportation company’s stock worth $35,000 after acquiring an additional 438 shares in the last quarter. 87.86% of the stock is owned by institutional investors and hedge funds.
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About Ryder System
Ryder System, Inc provides transportation and supply chain management solutions worldwide. The company operates through three segments: Fleet Management Solutions (FMS), Dedicated Transportation Solutions (DTS), and Supply Chain Solutions (SCS). The FMS segment offers full service leasing and leasing with flexible maintenance options, as well as maintenance services, supplies, and related equipment for operation of the vehicles; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers, as well as fleet support services.
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