Ryder System (NYSE:R) Reaches New 1-Year High - Time to Buy?

Ryder System, Inc. (NYSE:R - Get Free Report) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $172.04 and last traded at $171.81, with a volume of 319196 shares traded. The stock had previously closed at $168.66.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Wall Street Zen cut shares of Ryder System from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. Wolfe Research upgraded Ryder System from a "peer perform" rating to an "outperform" rating and set a $159.00 price objective for the company in a report on Tuesday. Baird R W upgraded Ryder System to a "strong-buy" rating in a report on Tuesday. JPMorgan Chase & Co. decreased their target price on Ryder System from $174.00 to $165.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Finally, Robert W. Baird assumed coverage on shares of Ryder System in a research report on Tuesday. They issued an "outperform" rating and a $186.00 price target on the stock. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Ryder System has a consensus rating of "Moderate Buy" and an average price target of $172.17.

Ryder System Stock Up 0.0%

The company has a market capitalization of $7.10 billion, a P/E ratio of 14.97 and a beta of 0.97. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.21. The firm has a fifty day simple moving average of $150.65 and a 200-day simple moving average of $152.09.

Ryder System (NYSE:R - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $2.46 EPS for the quarter, beating the consensus estimate of $2.40 by $0.06. The business had revenue of $3.13 billion for the quarter, compared to analysts' expectations of $3.17 billion. Ryder System had a net margin of 3.96% and a return on equity of 17.64%. The firm's revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.14 EPS. On average, equities research analysts expect that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Monday, May 19th were given a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date was Monday, May 19th. Ryder System's dividend payout ratio (DPR) is currently 28.25%.

Insider Activity

In other news, Director E Follin Smith sold 1,243 shares of the firm's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $144.38, for a total value of $179,464.34. Following the completion of the transaction, the director owned 39,802 shares in the company, valued at $5,746,612.76. This trade represents a 3.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert E. Sanchez sold 18,496 shares of the company's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $155.73, for a total value of $2,880,382.08. Following the sale, the chief executive officer owned 40,824 shares in the company, valued at $6,357,521.52. The trade was a 31.18% decrease in their position. The disclosure for this sale can be found here. Insiders own 5.20% of the company's stock.

Hedge Funds Weigh In On Ryder System

Institutional investors have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in Ryder System in the fourth quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Ryder System in the 1st quarter valued at about $26,000. TCTC Holdings LLC lifted its stake in Ryder System by 116.5% in the 1st quarter. TCTC Holdings LLC now owns 223 shares of the transportation company's stock valued at $32,000 after purchasing an additional 120 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in Ryder System by 61.2% during the first quarter. Geneos Wealth Management Inc. now owns 287 shares of the transportation company's stock worth $41,000 after purchasing an additional 109 shares during the period. Finally, Kapitalo Investimentos Ltda acquired a new position in Ryder System during the fourth quarter worth approximately $59,000. 87.47% of the stock is currently owned by institutional investors and hedge funds.

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.