Ryder System (NYSE:R) Sets New 1-Year High - What's Next?

Shares of Ryder System, Inc. (NYSE:R - Get Free Report) hit a new 52-week high during trading on Friday . The stock traded as high as $150.27 and last traded at $149.73, with a volume of 61908 shares traded. The stock had previously closed at $146.55.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on R shares. Morgan Stanley started coverage on shares of Ryder System in a research report on Monday, June 24th. They issued an "overweight" rating and a $165.00 price target for the company. StockNews.com downgraded shares of Ryder System from a "buy" rating to a "hold" rating in a research report on Monday. Robert W. Baird lifted their price target on shares of Ryder System from $140.00 to $155.00 and gave the company an "outperform" rating in a research report on Friday, July 26th. Stephens started coverage on shares of Ryder System in a research report on Monday, July 8th. They issued an "equal weight" rating for the company. Finally, Vertical Research raised shares of Ryder System from a "hold" rating to a "buy" rating and lifted their price target for the company from $125.00 to $145.00 in a research report on Friday, June 14th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $137.86.

Ryder System Stock Up 2.8 %

The company has a market capitalization of $6.52 billion, a P/E ratio of 13.80 and a beta of 1.28. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.74 and a current ratio of 0.74. The stock has a 50 day moving average price of $140.31 and a 200 day moving average price of $129.00.

Ryder System (NYSE:R - Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The transportation company reported $3.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.87 by $0.13. Ryder System had a return on equity of 17.22% and a net margin of 4.06%. The business had revenue of $3.18 billion for the quarter, compared to analysts' expectations of $3.24 billion. During the same period in the previous year, the business posted $3.61 EPS. The firm's quarterly revenue was up 10.3% compared to the same quarter last year. Equities research analysts forecast that Ryder System, Inc. will post 12.2 earnings per share for the current fiscal year.

Ryder System Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Monday, November 18th will be issued a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend is Monday, November 18th. Ryder System's payout ratio is presently 29.67%.

Insider Buying and Selling at Ryder System

In other Ryder System news, EVP Francisco Jr. Lopez sold 12,730 shares of Ryder System stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $139.32, for a total transaction of $1,773,543.60. Following the completion of the transaction, the executive vice president now owns 47,779 shares of the company's stock, valued at $6,656,570.28. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 5.10% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of R. Wellington Management Group LLP lifted its position in 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 last quarter. Vanguard Group Inc. lifted its position in Ryder System by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 5,223,396 shares of the transportation company's stock worth $627,800,000 after buying an additional 109,930 shares during the last quarter. Millennium Management LLC lifted its position in Ryder System by 1,915.0% in the 2nd quarter. Millennium Management LLC now owns 103,935 shares of the transportation company's stock worth $12,875,000 after buying an additional 98,777 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its position in Ryder System by 242.5% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 92,666 shares of the transportation company's stock worth $11,138,000 after buying an additional 65,609 shares during the last quarter. Finally, Earnest Partners LLC lifted its position in Ryder System by 3.4% in the 2nd 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 last quarter. 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.