Ryder System (NYSE:R) Sets New 12-Month High at $90.33

Ryder System, Inc. (NYSE:RGet Rating)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $90.33 and last traded at $89.57, with a volume of 30569 shares changing hands. The stock had previously closed at $88.99.

Analyst Ratings Changes

Several equities analysts recently commented on R shares. Robert W. Baird upped their target price on Ryder System to $87.00 in a research note on Thursday, October 27th. Stephens upped their price target on Ryder System from $86.00 to $91.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 27th. Finally, StockNews.com upgraded Ryder System from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 14th. Five research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $84.00.

Ryder System Trading Up 2.0 %

The company has a quick ratio of 0.71, a current ratio of 0.73 and a debt-to-equity ratio of 1.76. The firm has a market cap of $4.53 billion, a price-to-earnings ratio of 5.56 and a beta of 1.57. The business has a 50 day moving average price of $78.93 and a 200-day moving average price of $77.46.

Ryder System (NYSE:RGet Rating) last posted its earnings results on Wednesday, October 26th. The transportation company reported $4.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.70 by $0.75. The business had revenue of $3.04 billion during the quarter, compared to analyst estimates of $2.96 billion. Ryder System had a return on equity of 29.45% and a net margin of 7.31%. The company’s revenue for the quarter was up 23.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.55 earnings per share. As a group, research analysts expect that Ryder System, Inc. will post 16.01 EPS for the current fiscal year.

Ryder System Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Monday, November 21st will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.75%. The ex-dividend date is Friday, November 18th. Ryder System’s dividend payout ratio (DPR) is 15.29%.

Insider Activity at Ryder System

In other news, EVP Robert D. Fatovic sold 16,808 shares of Ryder System stock in a transaction on Monday, October 31st. The stock was sold at an average price of $81.26, for a total transaction of $1,365,818.08. Following the transaction, the executive vice president now directly owns 47,367 shares in the company, valued at approximately $3,849,042.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Ryder System news, CEO Robert E. Sanchez sold 89,325 shares of the firm’s stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $80.78, for a total transaction of $7,215,673.50. Following the transaction, the chief executive officer now directly owns 268,351 shares in the company, valued at $21,677,393.78. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Robert D. Fatovic sold 16,808 shares of Ryder System stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $81.26, for a total value of $1,365,818.08. Following the completion of the transaction, the executive vice president now owns 47,367 shares in the company, valued at $3,849,042.42. The disclosure for this sale can be found here. Insiders have sold a total of 120,372 shares of company stock worth $9,746,884 in the last three months. 3.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Ryder System

Institutional investors have recently added to or reduced their stakes in the stock. Connable Office Inc. raised its position in Ryder System by 2.5% in the 2nd quarter. Connable Office Inc. now owns 5,235 shares of the transportation company’s stock worth $372,000 after purchasing an additional 130 shares during the last quarter. Thrivent Financial for Lutherans increased its position in shares of Ryder System by 1.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 13,644 shares of the transportation company’s stock valued at $1,030,000 after buying an additional 140 shares in the last quarter. Xponance Inc. boosted its stake in Ryder System by 2.5% in the 2nd quarter. Xponance Inc. now owns 6,016 shares of the transportation company’s stock worth $427,000 after purchasing an additional 146 shares during the period. Eqis Capital Management Inc. boosted its stake in Ryder System by 3.2% in the 1st quarter. Eqis Capital Management Inc. now owns 4,854 shares of the transportation company’s stock worth $385,000 after purchasing an additional 150 shares during the period. Finally, Janney Montgomery Scott LLC boosted its stake in Ryder System by 2.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 7,576 shares of the transportation company’s stock worth $572,000 after purchasing an additional 190 shares during the period. 87.88% of the stock is owned by institutional investors and hedge funds.

Ryder System Company Profile

(Get Rating)

Ryder System, Inc operates as a logistics and transportation company worldwide. The company operates through three segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Transportation Solutions (DTS). The FMS segment offers full service leasing and leasing with flexible maintenance options, as well as maintenance services, supplies, and related equipment for operation of the vehicles; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers, as well as fleet support services.

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