Ryder System, Inc. (NYSE:R) to Issue Quarterly Dividend of $0.71

Ryder System, Inc. (NYSE:R) announced a quarterly dividend on Friday, May 3rd, RTT News reports. Investors of record on Monday, May 20th will be given a dividend of 0.71 per share by the transportation company on Friday, June 21st. This represents a $2.84 dividend on an annualized basis and a yield of 2.28%.

Ryder System has increased its dividend by an average of 5.9% per year over the last three years and has raised its dividend annually for the last 19 consecutive years.

Ryder System Stock Down 0.1 %

R stock traded down $0.13 during trading on Friday, reaching $124.58. The stock had a trading volume of 179,024 shares, compared to its average volume of 266,084. The firm has a fifty day moving average price of $116.09 and a 200 day moving average price of $111.43. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 2.22. The company has a market capitalization of $5.46 billion, a P/E ratio of 16.22 and a beta of 1.38. Ryder System has a 1-year low of $77.60 and a 1-year high of $127.21.

Ryder System (NYSE:R) last announced its earnings results on Tuesday, April 23rd. The transportation company reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.43. The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.06 billion. Ryder System had a return on equity of 18.38% and a net margin of 2.95%. Ryder System’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the company posted $2.81 EPS. On average, equities analysts anticipate that Ryder System will post 11.98 earnings per share for the current year.

Wall Street Analyst Weigh In

R has been the topic of a number of research reports. Wells Fargo & Company increased their target price 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. StockNews.com raised shares of Ryder System from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. Vertical Research cut Ryder System from a “buy” rating to a “hold” rating and set a $120.00 price target on the stock. in a research report on Wednesday, January 10th. JPMorgan Chase & Co. boosted their price objective on Ryder System from $120.00 to $126.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Finally, Stephens increased their target price on Ryder System from $113.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Ryder System currently has a consensus rating of “Hold” and an average price target of $126.83.

Insider Activity

In other news, Director E Follin Smith sold 3,671 shares of the firm’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $119.16, for a total transaction of $437,436.36. Following the completion of the transaction, the director now owns 38,413 shares in the company, valued at approximately $4,577,293.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CMO Karen M. Jones sold 7,737 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $113.48, for a total transaction of $877,994.76. Following the sale, the chief marketing officer now directly owns 12,396 shares of the company’s stock, valued at $1,406,698.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director E Follin Smith sold 3,671 shares of the stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $119.16, for a total value of $437,436.36. Following the completion of the transaction, the director now owns 38,413 shares of the company’s stock, valued at approximately $4,577,293.08. The disclosure for this sale can be found here. Insiders sold a total of 19,408 shares of company stock worth $2,270,631 over the last 90 days. 5.10% of the stock is currently owned by company insiders.

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.