Ryder System Inc. (R) Declares Quarterly Dividend of $0.44
Ryder System Inc. (NYSE:R) announced a quarterly dividend on Friday, October 7th. Stockholders of record on Monday, November 21st will be paid a dividend of 0.44 per share on Friday, December 16th. This represents a $1.76 annualized dividend and a dividend yield of 2.65%.
Shares of Ryder System (NYSE:R) traded down 1.01% during mid-day trading on Friday, hitting $66.48. 441,733 shares of the stock traded hands. The stock has a market cap of $3.56 billion, a price-to-earnings ratio of 12.00 and a beta of 1.63. The firm has a 50 day moving average of $65.43 and a 200 day moving average of $65.81. Ryder System has a 12 month low of $45.12 and a 12 month high of $76.33.
Ryder System (NYSE:R) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.54 by $0.02. The firm earned $1.70 billion during the quarter, compared to analyst estimates of $1.70 billion. Ryder System had a net margin of 4.44% and a return on equity of 16.21%. Ryder System’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.65 EPS. On average, equities analysts expect that Ryder System will post $5.97 EPS for the current fiscal year.
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Several hedge funds have recently added to or reduced their stakes in R. Raymond James & Associates increased its stake in Ryder System by 43.5% in the second quarter. Raymond James & Associates now owns 57,676 shares of the company’s stock valued at $3,526,000 after buying an additional 17,475 shares during the period. Teachers Advisors Inc. increased its stake in shares of Ryder System by 11.6% in the second quarter. Teachers Advisors Inc. now owns 101,299 shares of the company’s stock worth $6,193,000 after buying an additional 10,501 shares during the period. TFS Capital LLC purchased a new stake in shares of Ryder System during the second quarter worth about $334,000. FMR LLC increased its stake in shares of Ryder System by 25.2% in the second quarter. FMR LLC now owns 287,174 shares of the company’s stock worth $17,558,000 after buying an additional 57,829 shares during the period. Finally, Baird Financial Group Inc. increased its stake in shares of Ryder System by 0.5% in the second quarter. Baird Financial Group Inc. now owns 63,145 shares of the company’s stock worth $3,938,000 after buying an additional 320 shares during the period. 90.95% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts recently commented on the stock. Credit Agricole SA assumed coverage on shares of Ryder System in a research note on Friday, September 30th. They set a “buy” rating and a $80.00 price objective for the company. Zacks Investment Research lowered shares of Ryder System from a “hold” rating to a “sell” rating in a research note on Thursday, September 29th. Robert W. Baird restated a “buy” rating on shares of Ryder System in a research note on Monday, June 13th. Finally, Royal Bank Of Canada restated a “hold” rating on shares of Ryder System in a research note on Monday, June 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $81.38.
Ryder System Company Profile
Ryder System, Inc is engaged in offering transportation and supply chain management solutions. The Company operates through three segments: Fleet Management Solutions (FMS), which provides full service leasing, commercial rental, contract maintenance and contract-related maintenance of trucks, tractors and trailers to customers in the United States, Canada and the United Kingdom; Dedicated Transportation Solutions (DTS), which provides vehicles and drivers as part of a dedicated transportation solution in the United States, and Supply Chain Solutions (SCS), which provides supply chain solutions, including distribution and transportation services in North America and Asia.
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