Ryder System, Inc. (NYSE:R) EVP Purchases $93,025.00 in Stock

Ryder System, Inc. (NYSE:R) EVP Robert D. Fatovic bought 2,500 shares of the stock in a transaction dated Tuesday, February 25th. The shares were purchased at an average cost of $37.21 per share, for a total transaction of $93,025.00.

NYSE R traded down $1.75 on Wednesday, hitting $37.21. The company had a trading volume of 1,220,583 shares, compared to its average volume of 879,121. The company has a debt-to-equity ratio of 3.20, a current ratio of 1.06 and a quick ratio of 0.59. The company’s fifty day moving average price is $48.91 and its 200-day moving average price is $50.75. The company has a market capitalization of $2.14 billion, a PE ratio of -77.52 and a beta of 1.84. Ryder System, Inc. has a 12-month low of $36.90 and a 12-month high of $67.65.

Ryder System (NYSE:R) last posted its quarterly earnings data on Thursday, February 13th. The transportation company reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.04). Ryder System had a negative net margin of 0.27% and a positive return on equity of 10.30%. The company had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same period in the previous year, the business earned $1.82 earnings per share. The business’s revenue for the quarter was up .7% on a year-over-year basis. On average, sell-side analysts anticipate that Ryder System, Inc. will post 1.23 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Tuesday, February 18th will be given a dividend of $0.56 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.24 annualized dividend and a dividend yield of 6.02%. Ryder System’s dividend payout ratio (DPR) is presently 45.16%.

Ryder System declared that its Board of Directors has authorized a share buyback plan on Wednesday, December 11th that authorizes the company to repurchase 1,500,000 outstanding shares. This repurchase authorization authorizes the transportation company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

A number of institutional investors have recently modified their holdings of R. Horizon Bancorp Inc. IN acquired a new position in Ryder System in the 4th quarter valued at $27,000. Fieldpoint Private Securities LLC lifted its holdings in Ryder System by 75.4% in the 4th quarter. Fieldpoint Private Securities LLC now owns 898 shares of the transportation company’s stock valued at $49,000 after purchasing an additional 386 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Ryder System by 31.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,117 shares of the transportation company’s stock valued at $61,000 after purchasing an additional 265 shares in the last quarter. Advisory Services Network LLC boosted its stake in Ryder System by 16.5% during the 4th quarter. Advisory Services Network LLC now owns 2,798 shares of the transportation company’s stock worth $152,000 after purchasing an additional 397 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Ryder System by 10.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,189 shares of the transportation company’s stock worth $165,000 after purchasing an additional 300 shares during the last quarter. 89.57% of the stock is currently owned by hedge funds and other institutional investors.

R has been the topic of a number of analyst reports. Stephens dropped their target price on Ryder System from $50.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. ValuEngine cut Ryder System from a “buy” rating to a “hold” rating in a report on Saturday, February 15th. Cfra lowered their price target on Ryder System from $57.00 to $50.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. Stifel Nicolaus downgraded Ryder System from a “buy” rating to a “hold” rating and lowered their price target for the stock from $65.00 to $51.00 in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and issued a $42.00 price objective (down from $49.00) on shares of Ryder System in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $56.43.

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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