Ryder System, Inc. (R) To Go Ex-Dividend on November 17th

Ryder System, Inc. (NYSE:R) declared a quarterly dividend on Thursday, October 9th. Shareholders of record on Monday, November 17th will be paid a dividend of 0.91 per share by the transportation company on Friday, December 19th. This represents a c) dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Monday, November 17th.

Ryder System has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 20 consecutive years. Ryder System has a dividend payout ratio of 24.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Ryder System to earn $16.41 per share next year, which means the company should continue to be able to cover its $3.64 annual dividend with an expected future payout ratio of 22.2%.

Ryder System Trading Up 0.6%

NYSE:R opened at $170.25 on Friday. The firm has a market capitalization of $6.87 billion, a P/E ratio of 14.38 and a beta of 1.05. The business has a 50 day simple moving average of $179.86 and a 200 day simple moving average of $170.15. The company has a debt-to-equity ratio of 2.35, a current ratio of 1.02 and a quick ratio of 1.02. Ryder System has a 12-month low of $125.54 and a 12-month high of $195.48.

Ryder System (NYSE:R) last released its quarterly earnings results on Thursday, October 23rd. The transportation company reported $3.57 EPS for the quarter, topping the consensus estimate of $3.56 by $0.01. Ryder System had a net margin of 3.96% and a return on equity of 17.69%. The business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $3.19 billion. During the same quarter in the prior year, the firm earned $3.44 earnings per share. The company’s quarterly revenue was up .1% on a year-over-year basis. Ryder System has set its Q4 2025 guidance at 3.500-3.700 EPS. FY 2025 guidance at 12.850-13.050 EPS. Equities research analysts predict that Ryder System will post 13.68 EPS for the current year.

Insider Activity

In other news, SVP Sanford J. Hodes sold 532 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $187.48, for a total transaction of $99,739.36. Following the completion of the sale, the senior vice president owned 24,452 shares of the company’s stock, valued at approximately $4,584,260.96. This trade represents a 2.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Steve W. Martin sold 5,500 shares of Ryder System stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $186.98, for a total transaction of $1,028,390.00. Following the completion of the transaction, the executive vice president owned 24,235 shares of the company’s stock, valued at $4,531,460.30. This trade represents a 18.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 5.20% of the company’s stock.

Institutional Trading of Ryder System

A number of hedge funds and other institutional investors have recently modified their holdings of R. Envestnet Asset Management Inc. lifted its holdings in Ryder System by 0.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 78,133 shares of the transportation company’s stock worth $11,236,000 after buying an additional 274 shares in the last quarter. New York State Common Retirement Fund raised its position in shares of Ryder System by 7.4% during the first quarter. New York State Common Retirement Fund now owns 28,963 shares of the transportation company’s stock worth $4,165,000 after acquiring an additional 2,000 shares during the last quarter. Bailard Inc. lifted its stake in shares of Ryder System by 7.2% during the first quarter. Bailard Inc. now owns 5,532 shares of the transportation company’s stock valued at $796,000 after acquiring an additional 372 shares during the period. Forum Financial Management LP boosted its holdings in Ryder System by 16.9% in the first quarter. Forum Financial Management LP now owns 1,501 shares of the transportation company’s stock valued at $216,000 after acquiring an additional 217 shares during the last quarter. Finally, Kestra Private Wealth Services LLC increased its position in Ryder System by 4.6% in the first quarter. Kestra Private Wealth Services LLC now owns 2,524 shares of the transportation company’s stock worth $363,000 after purchasing an additional 110 shares during the period. Institutional investors and hedge funds 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.