Ryder System (NYSE:R) Reaches New 12-Month High – What’s Next?

Ryder System, Inc. (NYSE:R) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $170.63 and last traded at $170.63, with a volume of 22353 shares changing hands. The stock had previously closed at $165.67.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on R shares. StockNews.com cut shares of Ryder System from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. reduced their target price on Ryder System from $148.00 to $144.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.57.

Ryder System Stock Performance

The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.17. The stock’s fifty day simple moving average is $150.57 and its 200 day simple moving average is $136.58. The company has a market cap of $7.17 billion, a price-to-earnings ratio of 15.96 and a beta of 1.28.

Ryder System (NYSE:R) last posted its quarterly earnings results on Thursday, October 24th. The transportation company reported $3.44 EPS for the quarter, beating the consensus estimate of $3.39 by $0.05. The firm had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.29 billion. Ryder System had a return on equity of 16.78% and a net margin of 3.83%. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter last year, the firm earned $3.58 earnings per share. As a group, analysts anticipate that Ryder System, Inc. will post 12.01 earnings per share for the current year.

Ryder System Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Monday, November 18th will be given a dividend of $0.81 per share. The ex-dividend date is Monday, November 18th. This represents a $3.24 annualized dividend and a dividend yield of 1.91%. Ryder System’s payout ratio is 30.31%.

Insider Buying and Selling

In other news, insider Thomas M. Havens sold 4,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $157.44, for a total value of $629,760.00. Following the transaction, the insider now owns 20,504 shares of the company’s stock, valued at $3,228,149.76. This represents a 16.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Earnest Partners LLC boosted its position in shares of Ryder System by 3.4% during the second quarter. Earnest Partners LLC now owns 1,915,544 shares of the transportation company’s stock worth $237,298,000 after buying an additional 62,815 shares during the period. Dimensional Fund Advisors LP boosted its position in Ryder System by 1.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,722,222 shares of the transportation company’s stock valued at $213,345,000 after buying an additional 31,550 shares during the period. American Century Companies Inc. grew its stake in Ryder System by 1.9% during the 2nd quarter. American Century Companies Inc. now owns 890,877 shares of the transportation company’s stock worth $110,362,000 after purchasing an additional 17,009 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Ryder System by 4.7% in the 2nd quarter. Sei Investments Co. now owns 847,581 shares of the transportation company’s stock valued at $104,997,000 after buying an additional 37,991 shares during the period. Finally, FMR LLC increased its stake in shares of Ryder System by 56.2% during the third quarter. FMR LLC now owns 781,519 shares of the transportation company’s stock worth $113,945,000 after buying an additional 281,052 shares during the period. Hedge funds and other institutional investors 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.