Robert Sanchez Is The Chairman of Ryder System, Inc. (NYSE:R) And They Just Spent US$515k On Shares
Those following along with Ryder System, Inc. (NYSE:R) will no doubt be intrigued by the recent purchase of shares by Robert Sanchez, Chairman of the company, who spent a stonking US$515k on stock at an average price of US$39.64. While that only increased their holding size by 6.8%, it is still a big swing by our standards.
See our latest analysis for Ryder System
The Last 12 Months Of Insider Transactions At Ryder System
In fact, the recent purchase by Robert Sanchez was the biggest purchase of Ryder System shares made by an insider individual in the last twelve months, according to our records. That means that even when the share price was higher than US$36.90 (the recent price), an insider wanted to purchase shares. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. In our view, the price an insider pays for shares is very important. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.
Happily, we note that in the last year insiders paid US$1.3m for 32.83k shares. But they sold 5198 shares for US$271k. Overall, Ryder System insiders were net buyers last year. The chart below shows insider transactions (by individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Does Ryder System Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Ryder System insiders own about US$31m worth of shares. That equates to 1.6% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Does This Data Suggest About Ryder System Insiders?
The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. But we don't feel the same about the fact the company is making losses. Insiders likely see value in Ryder System shares, given these transactions (along with notable insider ownership of the company). Of course, the future is what matters most. So if you are interested in Ryder System, you should check out this free report on analyst forecasts for the company.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.
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