Ryder System (NYSE:R) Hits New 12-Month High at $127.55

Ryder System, Inc. (NYSE:R) reached a new 52-week high on Thursday . The company traded as high as $127.55 and last traded at $127.40, with a volume of 216192 shares traded. The stock had previously closed at $125.46.

Analyst Ratings Changes

R has been the subject of a number of recent research reports. Vertical Research cut shares of Ryder System from a “buy” rating to a “hold” rating and set a $120.00 price objective for the company. in a report on Wednesday, January 10th. StockNews.com raised shares of Ryder System from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. JPMorgan Chase & Co. upped their price target on shares of Ryder System from $120.00 to $126.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Wells Fargo & Company boosted their price objective on Ryder System from $100.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 15th. Finally, Stephens increased their price target on shares of Ryder System from $113.00 to $120.00 and gave the company an “equal weight” rating in a report on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $126.83.

Ryder System Trading Up 1.5 %

The business has a 50-day moving average price of $117.06 and a two-hundred day moving average price of $112.13. The company has a market cap of $5.58 billion, a P/E ratio of 16.51 and a beta of 1.38. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 2.22.

Ryder System (NYSE:R) last announced its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $2.14 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.43. The business had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.06 billion. Ryder System had a net margin of 2.95% and a return on equity of 18.38%. Ryder System’s revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.81 earnings per share. On average, analysts predict that Ryder System, Inc. will post 11.98 EPS for the current year.

Ryder System Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Monday, May 20th will be paid a $0.71 dividend. The ex-dividend date is Friday, May 17th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.23%. Ryder System’s dividend payout ratio (DPR) is presently 36.98%.

Insider Buying and Selling

In other Ryder System news, SVP Sanford J. Hodes sold 3,360 shares of Ryder System stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $125.59, for a total transaction of $421,982.40. Following the transaction, the senior vice president now directly owns 24,119 shares in the company, valued at $3,029,105.21. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Ryder System news, SVP Sanford J. Hodes sold 3,360 shares of Ryder System stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $125.59, for a total value of $421,982.40. Following the sale, the senior vice president now owns 24,119 shares of the company’s stock, valued at approximately $3,029,105.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Karen M. Jones sold 7,737 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $113.48, for a total value of $877,994.76. Following the transaction, the chief marketing officer now directly owns 12,396 shares of the company’s stock, valued at $1,406,698.08. The disclosure for this sale can be found here. Insiders have sold 36,131 shares of company stock valued at $4,377,219 in the last 90 days. 5.10% of the stock is owned by insiders.

Institutional Trading of Ryder System

Institutional investors and hedge funds have recently bought and sold shares of the business. Contravisory Investment Management Inc. acquired a new stake in shares of Ryder System during the 4th quarter worth about $26,000. Headlands Technologies LLC bought a new stake in shares of Ryder System during the third quarter worth approximately $26,000. GAMMA Investing LLC acquired a new position in shares of Ryder System in the fourth quarter valued at approximately $45,000. Creekmur Asset Management LLC bought a new position in shares of Ryder System during the fourth quarter worth approximately $68,000. Finally, CWM LLC lifted its holdings in Ryder System by 62.0% during the 1st quarter. CWM LLC now owns 643 shares of the transportation company’s stock worth $77,000 after purchasing an additional 246 shares during the last quarter. Institutional investors own 87.47% of the company’s stock.

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.