Ryder System Inc (R) Files Form 4 Insider Selling : Robert E Sanchez Sells 37,550 Shares

Ryder System Inc (R): Robert E Sanchez , Chair and CEO of Ryder System Inc sold 37,550 shares on May 24, 2016. The Insider selling transaction was reported by the company on May 26, 2016 to the Securities and Exchange Commission. The shares were sold at $68.05 per share for a total value of $2,555,360.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 13, 2016, Karen M. Jones (EVP & Chief Marketing Officer) sold 9,413 shares at $70.10 per share price.On Feb 22, 2016, Art A Garcia (EVP & Chief Financial Officer) sold 2,000 shares at $56.38 per share price.Also, On May 6, 2015, Robert E Sanchez (Chair and CEO) sold 17,550 shares at $96.75 per share price.On Mar 2, 2015, Robert D Fatovic (EVP, CLO & Corp. Secretary) sold 4,000 shares at $94.28 per share price.

Ryder System: On Wednesday, May 25, 2016 heightened volatility was witnessed in Ryder System which led to swings in the share price. The shares opened for trading at $68.13 and hit $69.38 on the upside , eventually ending the session at $69.23, with a gain of 1.91% or 1.3 points. The heightened volatility saw the trading volume jump to 6,28,597 shares. The 52-week high of the share price is $96.88 and the company has a market cap of $3,718 M . The 52-week low of the share price is at $45.12.

Ryder System Money Flow Index Chart

Company has been under the radar of several Street Analysts.Ryder System is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 73 from a previous price target of $54 .The Rating was issued on Apr 27, 2016.Ryder System is Initiated by JP Morgan to Neutral. The Rating was issued on Feb 29, 2016.

Ryder System Inc. (Ryder) is engaged in offering commercial fleet management and supply chain solutions. Ryder operates in two segments: Fleet Management Solutions (FMS) and Supply Chain Solutions (SCS). The Fleet Management Solutions segment provides service leasing commercial rental contract maintenance and contract-related maintenance of trucks tractors and trailers to customers in the United States Canada and the United Kingdom. The Supply Chain Solutions segment provides supply chain solutions including distribution and transportation services in North America and Asia. The Supply Chain Solutions segment also provides services which includes vehicles and drivers as part of a transportation solution in the United States. In addition the Company’s SCS business as well as its FMS business provides customers with capacity management services.

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