Ryder System (NYSE:R) Trading Up 8.9%

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on R. Robert W. Baird reaffirmed a “buy” rating and set a $140.00 target price on shares of Ryder System in a research note on Wednesday, January 3rd. The Goldman Sachs Group reissued a “buy” rating and issued a $122.00 price target on shares of Ryder System in a research note on Thursday, February 15th. Wells Fargo & Company upped their target price 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. 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 research report on Thursday, February 15th. Finally, StockNews.com cut Ryder System from a “buy” rating to a “hold” rating in a research report on Saturday, April 13th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $120.00.

Ryder System Stock Up 11.2 %

The business has a 50-day simple moving average of $114.19 and a two-hundred day simple moving average of $110.43. The stock has a market capitalization of $5.36 billion, a P/E ratio of 13.72 and a beta of 1.40. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.80.

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

Ryder System Announces Dividend

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

Insider Activity

In related news, CMO Karen M. Jones sold 7,737 shares of Ryder System 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 sale, the chief marketing officer now owns 12,396 shares of the company’s stock, valued at $1,406,698.08. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 5.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Advisors Preferred LLC acquired a new stake in shares of Ryder System during the 4th quarter worth $1,892,000. Cambridge Financial Group Inc. acquired a new stake in Ryder System in the third quarter valued at about $8,186,000. UBS Group AG boosted its stake in Ryder System by 24.2% in the third quarter. UBS Group AG now owns 78,946 shares of the transportation company’s stock valued at $8,443,000 after buying an additional 15,361 shares in the last quarter. Earnest Partners LLC boosted its stake in Ryder System by 2.5% in the third quarter. Earnest Partners LLC now owns 1,666,621 shares of the transportation company’s stock valued at $178,245,000 after buying an additional 40,086 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake in Ryder System by 174.7% in the third quarter. DekaBank Deutsche Girozentrale now owns 7,717 shares of the transportation company’s stock valued at $812,000 after buying an additional 4,908 shares in the last quarter. Institutional investors and hedge funds own 87.47% of the company’s stock.

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.