Short Interest in Ryder System, Inc. (NYSE:R) Decreases By 24.8%

Ryder System, Inc. (NYSE:R - Get Free Report) was the recipient of a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 684,700 shares, a decrease of 24.8% from the November 15th total of 910,700 shares. Approximately 1.7% of the shares of the stock are short sold. Based on an average daily volume of 267,300 shares, the days-to-cover ratio is presently 2.6 days.

Insider Activity at Ryder System

In other Ryder System news, insider Thomas M. Havens sold 4,000 shares of the business's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $157.44, for a total transaction of $629,760.00. Following the transaction, the insider now owns 20,504 shares of the company's stock, valued at approximately $3,228,149.76. The trade was a 16.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 5.10% of the stock is owned by corporate insiders.

Institutional Trading of Ryder System

Several hedge funds have recently made changes to their positions in R. Wolff Wiese Magana LLC purchased a new stake in shares of Ryder System in the third quarter valued at approximately $28,000. Altshuler Shaham Ltd purchased a new stake in shares of Ryder System during the 2nd quarter worth $29,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Ryder System during the 3rd quarter worth $34,000. UMB Bank n.a. grew its position in Ryder System by 43.2% during the third quarter. UMB Bank n.a. now owns 265 shares of the transportation company's stock worth $39,000 after buying an additional 80 shares during the period. Finally, Ashton Thomas Private Wealth LLC purchased a new position in Ryder System in the second quarter valued at about $51,000. Institutional investors and hedge funds own 87.47% of the company's stock.

Ryder System Stock Performance

NYSE R traded down $0.94 during trading hours on Friday, hitting $165.78. The company had a trading volume of 68,839 shares, compared to its average volume of 262,487. The business has a 50 day moving average of $156.66 and a 200-day moving average of $140.48. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.74 and a current ratio of 0.74. Ryder System has a 1-year low of $106.62 and a 1-year high of $171.78. The company has a market cap of $7.01 billion, a PE ratio of 15.60 and a beta of 1.30.

Ryder System (NYSE:R - Get Free Report) last announced its earnings results on Thursday, October 24th. The transportation company reported $3.44 EPS for the quarter, beating analysts' consensus estimates of $3.39 by $0.05. Ryder System had a net margin of 3.83% and a return on equity of 16.78%. The business had revenue of $3.17 billion for the quarter, compared to analysts' expectations of $3.29 billion. During the same period in the previous year, the company posted $3.58 EPS. The company's quarterly revenue was up 8.3% on a year-over-year basis. As a group, equities research analysts expect that Ryder System will post 12.01 EPS for the current year.

Ryder System Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Monday, November 18th will be issued a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend is Monday, November 18th. Ryder System's dividend payout ratio is presently 30.31%.

Analyst Ratings Changes

R has been the topic of a number of research analyst reports. StockNews.com lowered Ryder System from a "buy" rating to a "hold" rating in a research report on Tuesday, October 29th. The Goldman Sachs Group boosted their price objective on Ryder System from $160.00 to $183.00 and gave the company a "buy" rating in a report on Thursday. Finally, JPMorgan Chase & Co. lowered 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 investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $147.43.

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.