Ryder System (NYSE:R) Sets New 12-Month High – Still a Buy?

Ryder System, Inc. (NYSE:R)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $167.76 and last traded at $167.67, with a volume of 38788 shares traded. The stock had previously closed at $164.26.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on R shares. JPMorgan Chase & Co. reduced their price objective on Ryder System from $148.00 to $144.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Robert W. Baird raised their price target on shares of Ryder System from $140.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Finally, StockNews.com lowered shares of Ryder System from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $140.57.

Ryder System Stock Up 2.5 %

The firm has a 50 day simple moving average of $146.10 and a two-hundred day simple moving average of $134.40. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.17. The stock has a market capitalization of $7.12 billion, a P/E ratio of 15.66 and a beta of 1.28.

Ryder System (NYSE:R) last posted its quarterly earnings results on Thursday, October 24th. The transportation company reported $3.44 earnings per share for the quarter, beating analysts’ consensus estimates of $3.39 by $0.05. The company had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.29 billion. Ryder System had a net margin of 3.83% and a return on equity of 16.78%. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period last year, the company posted $3.58 EPS. On average, equities research analysts expect that Ryder System, Inc. will post 12.01 earnings per share for the current year.

Ryder System Dividend Announcement

The firm 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 1.92%. The ex-dividend date of this dividend is Monday, November 18th. Ryder System’s payout ratio is 30.31%.

Insider Buying and Selling at Ryder System

In other news, insider Thomas M. Havens sold 4,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $157.44, for a total transaction of $629,760.00. Following the completion of the sale, the insider now directly owns 20,504 shares in the company, valued at $3,228,149.76. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 5.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. UMB Bank n.a. grew its stake in shares of Ryder System by 43.2% in the 3rd quarter. UMB Bank n.a. now owns 265 shares of the transportation company’s stock worth $39,000 after acquiring an additional 80 shares in the last quarter. Truist Financial Corp boosted its stake in shares of Ryder System by 0.6% in the 2nd quarter. Truist Financial Corp now owns 14,303 shares of the transportation company’s stock worth $1,772,000 after buying an additional 90 shares during the last quarter. Buckley Wealth Management LLC grew its holdings in shares of Ryder System by 1.1% in the third quarter. Buckley Wealth Management LLC now owns 9,660 shares of the transportation company’s stock valued at $1,408,000 after acquiring an additional 105 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Ryder System by 0.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 37,516 shares of the transportation company’s stock worth $4,510,000 after acquiring an additional 106 shares during the period. Finally, CWM LLC boosted its position in Ryder System by 17.9% in the second quarter. CWM LLC now owns 758 shares of the transportation company’s stock worth $94,000 after purchasing an additional 115 shares during the last quarter. 87.47% of the stock is currently 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.