A Director at Ryder System (NYSE: R) is Buying Shares

By Carrie Williams

Yesterday, a Director at Ryder System (RResearch Report), Follin Smith, bought shares of R for $100K.

Following this transaction Follin Smith’s holding in the company was increased by 6.15% to a total of $1.17 million.

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Based on Ryder System’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $2.24 billion and quarterly net profit of $74.93 million. In comparison, last year the company earned revenue of $2.16 billion and had a net profit of $88.43 million. The company has a one-year high of $67.65 and a one-year low of $44.80. Currently, Ryder System has an average volume of 570.40K.

Five different firms, including Deutsche Bank and Robert W. Baird, currently also have a Buy rating on the stock.

Follin Smith’s trades have generated a -4.9% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Ryder System, Inc. engages in the business of transportation and supply chain management solutions. It operates through the following segments: Fleet Management Solutions, Dedicated Transportation Solutions, and Supply Chain Solutions.