Ryder System (NYSE:R) Reaches New 12-Month High at $103.81

Ryder System, Inc. (NYSE:R) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $103.81 and last traded at $103.71, with a volume of 89919 shares traded. The stock had previously closed at $101.99.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Wells Fargo & Company boosted their price target on shares of Ryder System from $80.00 to $100.00 in a research report on Thursday, July 27th. StockNews.com started coverage on shares of Ryder System in a research report on Thursday, August 17th. They issued a “buy” rating on the stock. Finally, Robert W. Baird raised shares of Ryder System from a “neutral” rating to an “outperform” rating in a research note on Monday, July 31st. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $104.60.

Ryder System Stock Performance

The firm has a market capitalization of $4.73 billion, a P/E ratio of 8.99 and a beta of 1.58. The stock’s 50 day moving average is $97.07 and its two-hundred day moving average is $88.63. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.62 and a quick ratio of 0.60.

Ryder System (NYSE:R) last issued its quarterly earnings data on Wednesday, July 26th. The transportation company reported $3.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.97 by $0.64. The firm had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $3.05 billion. Ryder System had a net margin of 4.79% and a return on equity of 23.98%. The business’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.43 earnings per share. As a group, equities analysts anticipate that Ryder System, Inc. will post 12.74 earnings per share for the current fiscal year.

Ryder System Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Monday, August 21st were issued a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 2.73%. The ex-dividend date was Friday, August 18th. This is a boost from Ryder System’s previous quarterly dividend of $0.62. Ryder System’s dividend payout ratio is 24.61%.

Insider Buying and Selling

In related news, CEO Robert E. Sanchez sold 93,415 shares of the stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $100.13, for a total transaction of $9,353,643.95. Following the completion of the transaction, the chief executive officer now owns 62,383 shares in the company, valued at $6,246,409.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Thomas M. Havens sold 9,000 shares of the firm’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $100.32, for a total transaction of $902,880.00. Following the transaction, the insider now directly owns 31,008 shares of the company’s stock, valued at $3,110,722.56. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Robert E. Sanchez sold 93,415 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $100.13, for a total transaction of $9,353,643.95. Following the transaction, the chief executive officer now directly owns 62,383 shares in the company, valued at $6,246,409.79. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 171,634 shares of company stock worth $17,271,137. 4.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Ryder System

A number of hedge funds have recently made changes to their positions in the stock. CoreCap Advisors LLC bought a new position in Ryder System in the 4th quarter valued at approximately $27,000. Financial Management Professionals Inc. bought a new stake in shares of Ryder System in the 1st quarter valued at $29,000. Fortis Capital Advisors LLC grew its position in Ryder System by 2,716.7% in the 1st quarter. Fortis Capital Advisors LLC now owns 338 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 326 shares during the period. Raleigh Capital Management Inc. grew its position in Ryder System by 117.8% in the 2nd quarter. Raleigh Capital Management Inc. now owns 368 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 199 shares during the period. Finally, Huntington National Bank grew its position in Ryder System by 37,100.0% in the 2nd quarter. Huntington National Bank now owns 372 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 371 shares during the period. 83.62% of the stock is currently owned by institutional investors and hedge funds.

About Ryder System

Ryder System, Inc operates as a logistics and transportation company worldwide. It 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; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers; access to diesel fuel; and fuel planning and tax reporting, cards, and monitoring services, and centralized billing, as well as sells used vehicles through its retail sales centers and www.ryder.com/used-trucks website.