Ryder System (NYSE:R) Trading Up 8.9%

Ryder System, Inc. (NYSE:R)’s share price rose 8.9% during trading on Tuesday . The stock traded as high as $118.70 and last traded at $118.70. Approximately 49,265 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 250,951 shares. The stock had previously closed at $109.00.

Analyst Upgrades and Downgrades

R has been the topic of several research analyst reports. StockNews.com downgraded Ryder System from a “buy” rating to a “hold” rating in a research report on Saturday, April 13th. Vertical Research downgraded Ryder System from a “buy” rating to a “hold” rating and set a $120.00 price objective on the stock. in a research report on Wednesday, January 10th. JPMorgan Chase & Co. boosted their price objective on Ryder System from $117.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. Robert W. Baird restated a “buy” rating and issued a $140.00 price objective on shares of Ryder System in a research report on Wednesday, January 3rd. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $122.00 price objective on shares of Ryder System in a research report on Thursday, February 15th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $120.00.

Ryder System Stock Performance

The company has a debt-to-equity ratio of 1.80, a current ratio of 0.62 and a quick ratio of 0.62. The business has a 50-day simple moving average of $114.19 and a 200-day simple moving average of $110.43. The firm has a market capitalization of $5.36 billion, a PE ratio of 13.72 and a beta of 1.40.

Ryder System (NYSE:R) last issued its quarterly earnings data on Wednesday, February 14th. The transportation company reported $2.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.75 by $0.20. The business had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.98 billion. Ryder System had a return on equity of 19.68% and a net margin of 3.45%. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period in the prior year, the business posted $3.89 earnings per share. Equities research analysts expect that Ryder System, Inc. will post 11.9 earnings per share for the current fiscal year.

Ryder System Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 20th were paid a $0.71 dividend. The ex-dividend date was Friday, February 16th. This represents a $2.84 annualized dividend and a yield of 2.34%. Ryder System’s dividend payout ratio (DPR) is currently 32.53%.

Insider Buying and Selling

In related news, CMO Karen M. Jones sold 7,737 shares of the stock in a transaction that occurred on 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 owns 12,396 shares of the company’s stock, valued at $1,406,698.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 5.10% of the stock is owned by insiders.

Institutional Trading of Ryder System

Several hedge funds and other institutional investors have recently bought and sold shares of R. Headlands Technologies LLC purchased a new stake in shares of Ryder System during the 3rd quarter valued at $26,000. Contravisory Investment Management Inc. purchased a new stake in shares of Ryder System during the 4th quarter valued at $26,000. GAMMA Investing LLC purchased a new stake in shares of Ryder System during the 4th quarter valued at $45,000. CWM LLC lifted its holdings in shares of Ryder System by 33.9% during the 3rd quarter. CWM LLC now owns 438 shares of the transportation company’s stock valued at $47,000 after purchasing an additional 111 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its holdings in shares of Ryder System by 406.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 506 shares of the transportation company’s stock valued at $54,000 after purchasing an additional 406 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.