Ryder System (NYSE:R) Reaches New 52-Week High at $127.55

Ryder System, Inc. (NYSE:R) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $127.55 and last traded at $127.40, with a volume of 216192 shares traded. The stock had previously closed at $125.46.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Ryder System from $120.00 to $126.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. StockNews.com upgraded Ryder System from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. Wells Fargo & Company lifted 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. Vertical Research cut shares of Ryder System from a “buy” rating to a “hold” rating and set a $120.00 price target on the stock. in a report on Wednesday, January 10th. Finally, The Goldman Sachs Group lifted their price objective on shares of Ryder System from $122.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $126.83.

Ryder System Trading Up 1.5 %

The business has a fifty day moving average price of $117.06 and a 200 day moving average price of $112.13. 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 firm has a market cap of $5.58 billion, a PE ratio of 16.51 and a beta of 1.38.

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

Ryder System Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Monday, May 20th will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 2.23%. The ex-dividend date is Friday, May 17th. Ryder System’s dividend payout ratio (DPR) is 36.98%.

Insider Activity at Ryder System

In other news, Director Luis P. Nieto, Jr. sold 1,443 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $125.61, for a total transaction of $181,255.23. Following the completion of the transaction, the director now directly owns 28,569 shares of the company’s stock, valued at approximately $3,588,552.09. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider John S. Sensing sold 11,920 shares of Ryder System stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $126.12, for a total transaction of $1,503,350.40. Following the completion of the sale, the insider now directly owns 55,375 shares in the company, valued at $6,983,895. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Luis P. Nieto, Jr. sold 1,443 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $125.61, for a total transaction of $181,255.23. Following the transaction, the director now directly owns 28,569 shares in the company, valued at approximately $3,588,552.09. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,131 shares of company stock valued at $4,377,219. Insiders own 5.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of R. Wellington Management Group LLP raised its position in shares of Ryder System by 34.9% in the 4th quarter. Wellington Management Group LLP now owns 3,442,545 shares of the transportation company’s stock worth $396,099,000 after buying an additional 890,986 shares during the period. Earnest Partners LLC lifted its stake in shares of Ryder System by 2.5% in the 3rd quarter. Earnest Partners LLC now owns 1,666,621 shares of the transportation company’s stock valued at $178,245,000 after purchasing an additional 40,086 shares in the last quarter. LSV Asset Management lifted its stake in shares of Ryder System by 3.8% in the 4th quarter. LSV Asset Management now owns 1,629,618 shares of the transportation company’s stock valued at $187,504,000 after purchasing an additional 59,156 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Ryder System by 12.3% during the 3rd quarter. AQR Capital Management LLC now owns 845,253 shares of the transportation company’s stock worth $90,400,000 after purchasing an additional 92,760 shares during the period. Finally, Sei Investments Co. increased its position in Ryder System by 7.0% during the 1st quarter. Sei Investments Co. now owns 809,590 shares of the transportation company’s stock worth $97,301,000 after purchasing an additional 53,288 shares in the last quarter. 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.