Ryder System Inc .'s (NYSE:R) President of Global FMS, Thomas M. Havens, has sold a total of 8,000 shares of the company's common stock, for a total value exceeding $955,000. The transactions were executed on April 25, 2024, with the sale prices of the shares ranging from $118.80 to $120.82.
The sales were reported in a recent filing with the Securities and Exchange Commission. According to the filing, Havens sold 7,026 shares at an average price of $119.32 and 974 shares at an average price of $119.96. Following these transactions, Havens still owns 24,401 shares of Ryder System Inc., which includes 106 shares acquired under the company's dividend reinvestment plan.
Ryder System Inc., known for its services in auto rental and leasing, has its headquarters in Miami, Florida. The company has been a significant player in the industry, classified under the Standard Industrial Classification code 7510 for Services-Auto Rental & Leasing (No Drivers).
The recent stock sales by a high-ranking executive such as Havens often attract attention from investors, as they may seek to understand the implications of such insider transactions. However, it is not uncommon for executives to sell shares for reasons that may not necessarily reflect their outlook on the company's future performance.
Investors and stakeholders of Ryder System Inc. can obtain full details regarding the number of shares sold at each price point by contacting the Commission staff, the issuer, or a security holder of the issuer, as indicated in the footnotes of the SEC filing.
Shares of Ryder System Inc. are publicly traded on the New York Stock Exchange under the ticker symbol R, and interested parties can follow the stock's performance to gauge market reactions to insider transactions such as these.
InvestingPro Insights
In light of the recent insider transactions at Ryder System Inc., investors may be weighing the company's financial metrics and market performance to better understand its current position. According to real-time data from InvestingPro, Ryder System Inc. has a market capitalization of $5.4 billion, with a P/E ratio of 15.65, reflecting investor sentiment on its earnings capacity. The company's stock has been performing robustly, with a one-week price total return of 11.88% and trading near its 52-week high at 99.38% of the peak value.
Among the InvestingPro Tips, an important note for shareholders is that Ryder System Inc. has maintained dividend payments for 49 consecutive years, showcasing a strong commitment to returning value to its investors. Additionally, the company has seen a large price uptick over the last six months, with a 33.76% total return, indicating a bullish trend in its stock price.
For those looking to delve deeper into Ryder System Inc.'s financials and market predictions, InvestingPro offers additional insights and tips. Subscribers can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. With more tips available on the platform, investors can make more informed decisions regarding their investments in Ryder System Inc.
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