Ryder System (NYSE:R) Hits New 1-Year High – Here’s Why

Ryder System, Inc. (NYSE:R) shares reached a new 52-week high during trading 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 Analysts Forecast Growth

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

Ryder System Stock Down 2.2 %

The stock has a market capitalization of $7.03 billion, a PE ratio of 15.55 and a beta of 1.30. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.74 and a quick ratio of 0.74. The business’s fifty day moving average price is $153.52 and its two-hundred day moving average price is $138.37.

Ryder System (NYSE:R) last posted its quarterly earnings results on Thursday, October 24th. The transportation company reported $3.44 EPS for the quarter, beating the consensus estimate of $3.39 by $0.05. Ryder System had a net margin of 3.83% and a return on equity of 16.78%. The company had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.29 billion. During the same period in the prior year, the company earned $3.58 earnings per share. The firm’s revenue was up 8.3% on a year-over-year basis. On average, equities research analysts forecast that Ryder System, Inc. will post 12.01 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 20th. Investors of record on Monday, November 18th will be given a dividend of $0.81 per share. The ex-dividend date is Monday, November 18th. This represents a $3.24 annualized dividend and a dividend yield of 1.95%. Ryder System’s dividend payout ratio (DPR) is presently 30.31%.

Insider Buying and Selling

In other Ryder System news, insider Thomas M. Havens sold 4,000 shares of the stock in a transaction dated 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 approximately $3,228,149.76. This represents a 16.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.10% of the company’s stock.

Institutional Trading of Ryder System

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Wolff Wiese Magana LLC purchased a new position in shares of Ryder System during the 3rd quarter worth approximately $28,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Ryder System during the 3rd quarter worth approximately $34,000. Altshuler Shaham Ltd purchased a new position in Ryder System in the 2nd quarter valued at approximately $29,000. UMB Bank n.a. boosted its position in Ryder System by 43.2% in the 3rd quarter. UMB Bank n.a. now owns 265 shares of the transportation company’s stock valued at $39,000 after buying an additional 80 shares during the period. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in Ryder System during the 2nd quarter worth $51,000. Institutional investors and hedge funds own 87.47% of the company’s stock.

Ryder System Company Profile

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.