Ryder System (NYSE:R) Hits New 12-Month High – Should You Buy?

Ryder System, Inc. (NYSE:R)’s stock price reached 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. The stock had previously closed at $165.67.

Wall Street Analysts Forecast Growth

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

Ryder System Trading Down 1.0 %

The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.17. The stock has a market capitalization of $7.11 billion, a P/E ratio of 15.71 and a beta of 1.28. The company has a fifty day simple moving average of $151.70 and a two-hundred day simple moving average of $137.18.

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

Ryder System Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Monday, November 18th will be issued a $0.81 dividend. This represents a $3.24 annualized dividend and a dividend yield of 1.93%. The ex-dividend date is Monday, November 18th. Ryder System’s dividend payout ratio (DPR) is presently 30.31%.

Insider Buying and Selling

In related news, insider Thomas M. Havens sold 4,000 shares of Ryder System stock in a transaction that occurred 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 sale, the insider now owns 20,504 shares of the company’s stock, valued at approximately $3,228,149.76. This trade represents a 16.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.10% of the stock is currently owned by company insiders.

Institutional Trading of Ryder System

Hedge funds and other institutional investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC increased its position in shares of Ryder System by 83.0% in the third quarter. Janney Montgomery Scott LLC now owns 9,260 shares of the transportation company’s stock valued at $1,350,000 after acquiring an additional 4,200 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Ryder System by 116.5% during the 1st quarter. Janus Henderson Group PLC now owns 47,459 shares of the transportation company’s stock worth $5,704,000 after purchasing an additional 25,533 shares during the last quarter. Bayesian Capital Management LP bought a new stake in shares of Ryder System during the 1st quarter worth approximately $463,000. Algert Global LLC boosted its holdings in shares of Ryder System by 43.5% in the 3rd quarter. Algert Global LLC now owns 25,547 shares of the transportation company’s stock valued at $3,725,000 after buying an additional 7,750 shares during the last quarter. Finally, Natixis Advisors LLC boosted its holdings in shares of Ryder System by 15.2% in the 3rd quarter. Natixis Advisors LLC now owns 102,756 shares of the transportation company’s stock valued at $14,982,000 after buying an additional 13,586 shares during the last quarter. 87.47% of the stock is currently owned by institutional investors and hedge funds.

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.