Ryder System Inc . (NYSE:R) Executive Vice President and Chief Marketing Officer, Karen M. Jones, has sold a significant portion of her company stock, with transactions totaling over $800,000. The sales took place on May 23, 2024, and were disclosed in a recent filing with the securities regulators.
Jones sold a total of 5,977 shares at an average price of $120.36, followed by another batch of 799 shares at an average price of $121.04. The sales were executed in a price range from $119.90 to $121.90, reflecting the weighted average prices at which the shares were sold. The total value of the shares sold by Jones amounts to approximately $816,102.
Following these transactions, Jones still holds 5,666 shares of Ryder System Inc. stock. It is worth noting that this amount includes 46 shares acquired under the company's dividend reinvestment plan, as indicated in the footnotes of the filing.
Ryder System Inc. is a leader in the auto rental and leasing industry, providing logistics and transportation solutions. The sale by a high-ranking executive such as Jones may attract the attention of investors and market watchers, as insider transactions are often closely monitored for insights into a company's health and the confidence of its executives in the firm's future prospects.
Investors and shareholders may request detailed information regarding the exact number of shares sold at each specific price point from the reporting person, as per the filing's footnotes.
As of the last trade, Ryder System Inc. shares were traded on the New York Stock Exchange, where the company is listed under the ticker symbol R.
InvestingPro Insights
Ryder System Inc. continues to navigate the market with a blend of strategic financial management and consistent shareholder returns. An InvestingPro Tip highlights that the company has impressively raised its dividend for 19 consecutive years, which underlines its commitment to returning value to its shareholders. This is particularly noteworthy in the context of the recent stock sales by executive Karen M. Jones.
From a financial health standpoint, another InvestingPro Tip indicates that the company operates with a significant debt burden. This could be a point of concern for investors, as high debt levels can impact a company's flexibility and resilience in challenging economic conditions.
Looking at the real-time data from InvestingPro, Ryder System Inc. boasts a Market Cap of 5300M USD and a Price to Earnings (P/E) Ratio of 15.43, which may suggest that the company is reasonably valued in the current market. The Dividend Yield stands at 2.34%, reinforcing the company's track record of consistent dividend growth, most recently at 14.52% over the last twelve months as of Q1 2024.
Investors considering Ryder System Inc. for their portfolio can find additional InvestingPro Tips by visiting https://www.investing.com/pro/R. With a total of 9 additional tips available, these insights can provide a deeper understanding of the company's financial health and growth prospects. To enhance their investing experience, users can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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