Ryder System, Inc. to Issue Quarterly Dividend of $0.81 (NYSE:R)

Ryder System, Inc. (NYSE:R) announced a quarterly dividend on Wednesday, October 9th,Zacks Dividends reports. Shareholders of record on Monday, November 18th will be paid a dividend of 0.81 per share by the transportation company on Friday, December 20th. This represents a $3.24 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date is Monday, November 18th.

Ryder System has increased its dividend by an average of 5.9% per year over the last three years and has raised its dividend annually for the last 20 consecutive years. Ryder System has a payout ratio of 23.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Ryder System to earn $14.09 per share next year, which means the company should continue to be able to cover its $3.24 annual dividend with an expected future payout ratio of 23.0%.

Ryder System Price Performance

Shares of Ryder System stock opened at $162.41 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.17. Ryder System has a 52 week low of $104.44 and a 52 week high of $170.20. The stock’s 50-day simple moving average is $147.88 and its 200-day simple moving average is $135.12. The company has a market capitalization of $6.87 billion, a price-to-earnings ratio of 15.19 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, topping the consensus estimate of $3.39 by $0.05. Ryder System had a return on equity of 16.78% and a net margin of 3.83%. The business had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.29 billion. During the same period in the prior year, the company posted $3.58 EPS. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. As a group, analysts expect that Ryder System will post 12.01 earnings per share for the current fiscal year.

Insider Activity at Ryder System

In other news, insider Thomas M. Havens sold 4,000 shares of the company’s stock in a transaction that occurred 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. This represents a 16.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 5.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

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.