Ryder System (NYSE:R) Reaches New 12-Month High at $119.62

Ryder System, Inc. (NYSE:R) reached a new 52-week high on Thursday . The stock traded as high as $119.62 and last traded at $119.53, with a volume of 17445 shares changing hands. The stock had previously closed at $118.61.

Analyst Ratings Changes

A number of brokerages have issued reports on R. JPMorgan Chase & Co. upped their target price on Ryder System from $117.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. Stephens upped their price objective on Ryder System from $110.00 to $113.00 and gave the company an “equal weight” rating in a research note on Thursday, February 15th. Vertical Research downgraded shares of Ryder System from a “buy” rating to a “hold” rating and set a $120.00 target price on the stock. in a research report on Wednesday, January 10th. StockNews.com upgraded shares of Ryder System from a “hold” rating to a “buy” rating in a research report on Friday, January 19th. Finally, Wells Fargo & Company lifted their price target on shares of Ryder System from $100.00 to $120.00 and gave the stock an “equal weight” rating in a report on Thursday, February 15th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $116.00.

Ryder System Stock Performance

The company’s 50-day moving average price is $114.09 and its two-hundred day moving average price is $108.73. The company has a market capitalization of $5.32 billion, a price-to-earnings ratio of 13.80 and a beta of 1.39. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.62 and a quick ratio of 0.62.

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

Ryder System Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 20th were given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date was Friday, February 16th. Ryder System’s payout ratio is 32.53%.

Insiders Place Their Bets

In other news, CMO Karen M. Jones sold 7,737 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $113.48, for a total transaction of $877,994.76. Following the completion of the sale, the chief marketing officer now directly owns 12,396 shares of the company’s stock, valued at $1,406,698.08. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 5.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in R. Headlands Technologies LLC purchased a new stake in Ryder System in the third quarter valued at approximately $26,000. Contravisory Investment Management Inc. bought a new position in Ryder System during the 4th quarter valued at approximately $26,000. Fortis Capital Advisors LLC grew its position in shares of Ryder System by 2,716.7% in the 1st quarter. Fortis Capital Advisors LLC now owns 338 shares of the transportation company’s stock worth $30,000 after buying an additional 326 shares during the last quarter. Huntington National Bank raised its holdings in shares of Ryder System by 37,100.0% during the second quarter. Huntington National Bank now owns 372 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 371 shares in the last quarter. Finally, GAMMA Investing LLC purchased a new stake in Ryder System in the fourth quarter worth $45,000. 87.47% of the stock is currently 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.