Ryder System (NYSE:R) Reaches New 12-Month High – What’s Next?

Ryder System, Inc. (NYSE:R) shares reached a new 52-week high on Tuesday . The stock traded as high as $172.18 and last traded at $166.22, with a volume of 199224 shares traded. The stock had previously closed at $170.03.

Wall Street Analyst Weigh In

A number of analysts have issued reports on R shares. JPMorgan Chase & Co. reduced their price target on shares of Ryder System from $148.00 to $144.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. StockNews.com cut shares of Ryder System from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $140.57.

Ryder System Stock Performance

The stock has a market cap of $6.98 billion, a P/E ratio of 15.56 and a beta of 1.30. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.74 and a current ratio of 0.74. The firm’s 50 day moving average is $154.23 and its 200 day moving average is $138.85.

Ryder System (NYSE:R) last announced its quarterly earnings results on Thursday, October 24th. The transportation company reported $3.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.39 by $0.05. The firm had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.29 billion. Ryder System had a net margin of 3.83% and a return on equity of 16.78%. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.58 earnings per share. Analysts anticipate that Ryder System, Inc. will post 12.01 EPS for the current year.

Ryder System Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Monday, November 18th will be paid a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a yield of 1.96%. The ex-dividend date is Monday, November 18th. Ryder System’s dividend payout ratio (DPR) is presently 30.31%.

Insider Buying and Selling at Ryder System

In related news, insider Thomas M. Havens sold 4,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $157.44, for a total value of $629,760.00. Following the completion of the sale, the insider now owns 20,504 shares in the company, valued at $3,228,149.76. This represents a 16.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 5.10% of the company’s stock.

Hedge Funds Weigh In On Ryder System

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wolff Wiese Magana LLC purchased a new position in shares of Ryder System during the 3rd quarter worth about $28,000. Altshuler Shaham Ltd acquired a new stake in shares of Ryder System during the second quarter worth approximately $29,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Ryder System during the third quarter worth approximately $34,000. UMB Bank n.a. lifted its stake in Ryder System by 43.2% during the third quarter. UMB Bank n.a. now owns 265 shares of the transportation company’s stock worth $39,000 after purchasing an additional 80 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new position in Ryder System during the second quarter worth $51,000. 87.47% of the stock is 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, as well as digital and technology support services.