Ryder System (NYSE:R) Hits New 12-Month High – Should You Buy?

Ryder System, Inc. (NYSE:R)’s stock price reached a new 52-week high on Monday . The stock traded as high as $170.63 and last traded at $170.63, with a volume of 22353 shares trading hands. The stock had previously closed at $165.67.

Analyst Ratings Changes

Several analysts recently commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of Ryder System from $148.00 to $144.00 and set a “neutral” rating for the company in a report on Friday, October 25th. StockNews.com downgraded Ryder System from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Ryder System has an average rating of “Moderate Buy” and a consensus target price of $140.57.

Ryder System Stock Down 1.0 %

The firm’s 50-day simple moving average is $151.70 and its 200-day simple moving average is $137.18. 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 company has a market capitalization of $7.11 billion, a price-to-earnings ratio of 15.71 and a beta of 1.28.

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

Ryder System Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Monday, November 18th will be paid a $0.81 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $3.24 annualized dividend and a dividend yield of 1.93%. Ryder System’s dividend payout ratio is presently 30.31%.

Insider Activity at Ryder System

In other Ryder System news, insider Thomas M. Havens sold 4,000 shares of Ryder System stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $157.44, for a total value of $629,760.00. Following the completion of the transaction, the insider now owns 20,504 shares in the company, valued at approximately $3,228,149.76. The trade was a 16.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Ryder System

Large investors have recently modified their holdings of the stock. EntryPoint Capital LLC acquired a new position in shares of Ryder System during the first quarter valued at $25,000. Wolff Wiese Magana LLC acquired a new position in Ryder System during the 3rd quarter valued at about $28,000. Altshuler Shaham Ltd bought a new position in shares of Ryder System in the 2nd quarter valued at about $29,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Ryder System during the 3rd quarter worth approximately $34,000. Finally, UMB Bank n.a. raised its stake in shares of 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 buying an additional 80 shares during the last quarter. 87.47% 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, as well as digital and technology support services.