Ryder System Inc. (R) Declares Quarterly Dividend of $0.44
Ryder System Inc. (NYSE:R) announced a quarterly dividend on Friday, October 7th. Shareholders of record on Monday, November 21st will be paid a dividend of 0.44 per share on Friday, December 16th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.65%.
Shares of Ryder System (NYSE:R) traded down 1.01% during midday trading on Friday, hitting $66.48. The company’s stock had a trading volume of 441,733 shares. The stock’s 50 day moving average is $65.43 and its 200-day moving average is $65.81. Ryder System has a 52-week low of $45.12 and a 52-week high of $76.33. The firm has a market cap of $3.56 billion, a P/E ratio of 12.00 and a beta of 1.63.
Ryder System (NYSE:R) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $1.56 EPS for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.02. Ryder System had a net margin of 4.44% and a return on equity of 16.21%. The firm had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.70 billion. During the same quarter in the prior year, the company posted $1.65 earnings per share. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. Equities analysts predict that Ryder System will post $5.97 EPS for the current fiscal year.
R has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Ryder System from a “sell” rating to a “hold” rating in a report on Thursday, September 1st. Robert W. Baird restated a “buy” rating on shares of Ryder System in a report on Monday, June 13th. Credit Agricole SA started coverage on shares of Ryder System in a report on Friday, September 30th. They issued a “buy” rating and a $80.00 target price on the stock. Finally, Royal Bank Of Canada restated a “hold” rating on shares of Ryder System in a report on Monday, June 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $81.38.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James & Associates increased its stake in shares of Ryder System by 43.5% in the second quarter. Raymond James & Associates now owns 57,676 shares of the company’s stock valued at $3,526,000 after buying an additional 17,475 shares during the last quarter. Teachers Advisors Inc. increased its stake in shares of Ryder System by 11.6% in the second quarter. Teachers Advisors Inc. now owns 101,299 shares of the company’s stock valued at $6,193,000 after buying an additional 10,501 shares during the last quarter. TFS Capital LLC purchased a new stake in shares of Ryder System during the second quarter valued at approximately $334,000. FMR LLC increased its stake in shares of Ryder System by 25.2% in the second quarter. FMR LLC now owns 287,174 shares of the company’s stock valued at $17,558,000 after buying an additional 57,829 shares during the last quarter. Finally, Baird Financial Group Inc. increased its stake in shares of Ryder System by 0.5% in the second quarter. Baird Financial Group Inc. now owns 63,145 shares of the company’s stock valued at $3,938,000 after buying an additional 320 shares during the last quarter. Institutional investors and hedge funds own 90.95% of the company’s stock.
About Ryder System
Ryder System, Inc is engaged in offering transportation and supply chain management solutions. The Company operates through three segments: Fleet Management Solutions (FMS), which provides full service leasing, commercial rental, contract maintenance and contract-related maintenance of trucks, tractors and trailers to customers in the United States, Canada and the United Kingdom; Dedicated Transportation Solutions (DTS), which provides vehicles and drivers as part of a dedicated transportation solution in the United States, and Supply Chain Solutions (SCS), which provides supply chain solutions, including distribution and transportation services in North America and Asia.
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