Ryder System (NYSE:R) Shares Up 8.9%

Ryder System, Inc. (NYSE:R - Get Free Report)'s stock price was up 8.9% during trading on Tuesday . The stock traded as high as $118.70 and last traded at $118.70. Approximately 49,265 shares changed hands during trading, a decline of 80% from the average daily volume of 250,951 shares. The stock had previously closed at $109.00.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on R shares. Robert W. Baird reaffirmed a "buy" rating and set a $140.00 target price on shares of Ryder System in a report on Wednesday, January 3rd. Stephens increased their price objective on Ryder System from $110.00 to $113.00 and gave the stock an "equal weight" rating in a report on Thursday, February 15th. Wells Fargo & Company increased their price objective on Ryder System from $100.00 to $120.00 and gave the stock an "equal weight" rating in a report on Thursday, February 15th. Vertical Research lowered Ryder System from a "buy" rating to a "hold" rating and set a $120.00 price objective for the company. in a report on Wednesday, January 10th. Finally, The Goldman Sachs Group reissued a "buy" rating and issued a $122.00 price objective on shares of Ryder System in a report on Thursday, February 15th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $120.00.

Ryder System Price Performance

The stock has a market capitalization of $5.40 billion, a price-to-earnings ratio of 13.72 and a beta of 1.40. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.80. The business has a 50-day simple moving average of $114.19 and a two-hundred day simple moving average of $110.43.

Ryder System (NYSE:R - Get Free Report) last released its earnings results on Wednesday, February 14th. The transportation company reported $2.95 earnings per share for the quarter, topping analysts' consensus estimates of $2.75 by $0.20. The firm had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.98 billion. Ryder System had a return on equity of 19.68% and a net margin of 3.45%. The firm's revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.89 earnings per share. As a group, research analysts predict that Ryder System, Inc. will post 11.9 earnings per share for the current fiscal year.

Ryder System Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 20th were given a dividend of $0.71 per share. The ex-dividend date was Friday, February 16th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.33%. Ryder System's dividend payout ratio (DPR) is presently 32.53%.

Insider Activity

In other news, CMO Karen M. Jones sold 7,737 shares of the 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 completion of the sale, the chief marketing officer now owns 12,396 shares in the company, valued at approximately $1,406,698.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 5.10% of the company's stock.

Institutional Trading of Ryder System

Several large investors have recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System raised its stake in Ryder System by 3.2% during the 1st quarter. Louisiana State Employees Retirement System now owns 12,800 shares of the transportation company's stock valued at $1,538,000 after purchasing an additional 400 shares during the period. Fifth Third Bancorp increased its stake in shares of Ryder System by 3.7% in the first quarter. Fifth Third Bancorp now owns 23,709 shares of the transportation company's stock worth $2,850,000 after acquiring an additional 843 shares during the last quarter. Measured Wealth Private Client Group LLC increased its stake in shares of Ryder System by 30.9% in the first quarter. Measured Wealth Private Client Group LLC now owns 5,686 shares of the transportation company's stock worth $683,000 after acquiring an additional 1,341 shares during the last quarter. State of Michigan Retirement System increased its stake in shares of Ryder System by 2.8% in the first quarter. State of Michigan Retirement System now owns 10,930 shares of the transportation company's stock worth $1,314,000 after acquiring an additional 300 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Ryder System by 120.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 3,437 shares of the transportation company's stock worth $413,000 after acquiring an additional 1,880 shares during the last quarter. 87.47% of the stock is 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.