Ryder System (NYSE:R) Sets New 1-Year High - Still a Buy?

Shares of Ryder System, Inc. (NYSE:R - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $172.72 and last traded at $169.29, with a volume of 257678 shares trading hands. The stock had previously closed at $171.57.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Wolfe Research upgraded Ryder System from a "peer perform" rating to an "outperform" rating and set a $159.00 price objective on the stock in a report on Tuesday, July 1st. Baird R W upgraded Ryder System to a "strong-buy" rating in a report on Tuesday, July 1st. Wall Street Zen downgraded Ryder System from a "buy" rating to a "hold" rating in a report on Wednesday, March 26th. Barclays began coverage on Ryder System in a report on Monday, June 9th. They issued an "overweight" rating and a $190.00 price objective on the stock. Finally, Robert W. Baird began coverage on Ryder System in a research note on Tuesday, July 1st. They set an "outperform" rating and a $186.00 target price for the company. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $172.17.

Ryder System Price Performance

The stock has a market capitalization of $7.00 billion, a price-to-earnings ratio of 14.76 and a beta of 0.97. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.73 and a current ratio of 0.73. The company has a 50 day moving average of $152.61 and a 200 day moving average of $152.25.

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

Ryder System Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Monday, May 19th were given a dividend of $0.81 per share. The ex-dividend date was Monday, May 19th. This represents a $3.24 annualized dividend and a dividend yield of 1.91%. Ryder System's dividend payout ratio is currently 28.25%.

Insider Activity

In other news, Director E Follin Smith sold 1,243 shares of the business'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 sale, the director directly owned 39,802 shares of the company's stock, valued at approximately $5,746,612.76. The trade was a 3.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert E. Sanchez sold 18,496 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $155.73, for a total value of $2,880,382.08. Following the sale, the chief executive officer directly owned 40,824 shares of the company's stock, valued at approximately $6,357,521.52. This represents a 31.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company's stock.

Hedge Funds Weigh In On Ryder System

Several hedge funds have recently bought and sold shares of the company. US Bancorp DE grew its holdings in Ryder System by 2.0% during the 4th quarter. US Bancorp DE now owns 5,836 shares of the transportation company's stock valued at $915,000 after buying an additional 117 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Ryder System during the fourth quarter worth $26,000. M&T Bank Corp boosted its holdings in shares of Ryder System by 10.8% during the fourth quarter. M&T Bank Corp now owns 2,200 shares of the transportation company's stock worth $346,000 after purchasing an additional 215 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Ryder System during the fourth quarter worth $5,142,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Ryder System during the fourth quarter worth $6,868,000. 87.47% of the stock is owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.