Ryder System (NYSE:R) Reaches New 52-Week High at $146.86

Ryder System, Inc. (NYSE:R) shares reached a new 52-week high during trading on Thursday . The company traded as high as $146.86 and last traded at $146.17, with a volume of 13804 shares changing hands. The stock had previously closed at $143.09.

Wall Street Analysts Forecast Growth

R has been the subject of several recent analyst reports. Robert W. Baird raised their target price on Ryder System from $140.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. StockNews.com downgraded Ryder System from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 12th. Morgan Stanley assumed coverage on shares of Ryder System in a research report on Monday, June 24th. They issued an “overweight” rating and a $165.00 target price on the stock. Stephens started coverage on shares of Ryder System in a research report on Monday, July 8th. They set an “equal weight” rating for the company. Finally, Vertical Research upgraded shares of Ryder System from a “hold” rating to a “buy” rating and upped their price objective for the stock from $125.00 to $145.00 in a report on Friday, June 14th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $137.86.

Ryder System Price Performance

The company’s 50-day moving average price is $136.36 and its 200-day moving average price is $125.45. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.09. The firm has a market cap of $6.32 billion, a price-to-earnings ratio of 19.01 and a beta of 1.28.

Ryder System (NYSE:R) last released its earnings results on Thursday, July 25th. The transportation company reported $3.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.87 by $0.13. The company had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.24 billion. Ryder System had a net margin of 4.06% and a return on equity of 17.22%. The firm’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the business earned $3.61 EPS. On average, equities research analysts forecast that Ryder System, Inc. will post 12.19 EPS for the current year.

Ryder System Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Monday, August 19th were issued a dividend of $0.81 per share. This is an increase from Ryder System’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend was Monday, August 19th. This represents a $3.24 annualized dividend and a yield of 2.22%. Ryder System’s dividend payout ratio is 42.19%.

Insider Activity

In other Ryder System news, EVP Francisco Jr. Lopez sold 12,730 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $139.32, for a total transaction of $1,773,543.60. Following the completion of the transaction, the executive vice president now owns 47,779 shares in the company, valued at approximately $6,656,570.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 5.10% of the company’s stock.

Institutional Trading of Ryder System

A number of institutional investors have recently bought and sold shares of R. Janus Henderson Group PLC boosted its holdings in shares of Ryder System by 116.5% in the 1st quarter. Janus Henderson Group PLC now owns 47,459 shares of the transportation company’s stock valued at $5,704,000 after buying an additional 25,533 shares in the last quarter. Caxton Associates LP grew its holdings in shares of Ryder System by 206.9% during the first quarter. Caxton Associates LP now owns 8,319 shares of the transportation company’s stock worth $1,000,000 after purchasing an additional 5,608 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of Ryder System by 41.1% during the first quarter. State Board of Administration of Florida Retirement System now owns 49,303 shares of the transportation company’s stock worth $5,926,000 after purchasing an additional 14,360 shares in the last quarter. Bayesian Capital Management LP acquired a new stake in shares of Ryder System in the 1st quarter valued at about $463,000. Finally, Sei Investments Co. boosted its position in shares of Ryder System by 7.0% in the 1st quarter. Sei Investments Co. now owns 809,590 shares of the transportation company’s stock valued at $97,301,000 after purchasing an additional 53,288 shares during the period. 87.47% of the stock is owned by hedge funds and other institutional investors.

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.