Ryder System, Inc. (NYSE:R – Get Rating) saw a large increase in short interest in February. As of February 28th, there was short interest totalling 1,380,000 shares, an increase of 16.9% from the February 13th total of 1,180,000 shares. Based on an average daily volume of 269,000 shares, the short-interest ratio is currently 5.1 days. Currently, 3.1% of the shares of the stock are sold short.
Ryder System Stock Down 2.8 %
Shares of R stock opened at $90.98 on Monday. The stock has a market cap of $4.21 billion, a P/E ratio of 5.34 and a beta of 1.58. Ryder System has a one year low of $61.71 and a one year high of $102.36. The stock has a fifty day moving average price of $93.87 and a 200 day moving average price of $85.82. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.66 and a quick ratio of 0.64.
Ryder System (NYSE:R – Get Rating) last issued its earnings results on Wednesday, February 15th. The transportation company reported $3.89 EPS for the quarter, topping the consensus estimate of $3.60 by $0.29. The firm had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3 billion. Ryder System had a return on equity of 29.16% and a net margin of 7.22%. Ryder System’s quarterly revenue was up 18.8% compared to the same quarter last year. During the same period last year, the business earned $3.52 earnings per share. Analysts predict that Ryder System will post 11.95 earnings per share for the current year.
Ryder System Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 17th. Shareholders of record on Tuesday, February 21st will be issued a dividend of $0.62 per share. The ex-dividend date is Friday, February 17th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.73%. Ryder System’s payout ratio is presently 14.55%.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. CoreCap Advisors LLC acquired a new stake in Ryder System in the second quarter worth about $25,000. Romano Brothers AND Company acquired a new stake in Ryder System in the fourth quarter worth about $25,000. SeaCrest Wealth Management LLC acquired a new stake in Ryder System in the second quarter worth about $75,000. C M Bidwell & Associates Ltd. increased its position in Ryder System by 3,250.0% in the third quarter. C M Bidwell & Associates Ltd. now owns 1,005 shares of the transportation company’s stock worth $76,000 after purchasing an additional 975 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Ryder System in the fourth quarter worth about $86,000. 83.69% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on R shares. Stephens increased their price target on shares of Ryder System from $91.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 16th. Robert W. Baird increased their price objective on Ryder System from $93.00 to $110.00 and gave the stock a “neutral” rating in a report on Thursday, February 16th. Wolfe Research upgraded Ryder System from a “peer perform” rating to an “outperform” rating and set a $100.00 price objective on the stock in a report on Tuesday, January 10th. Wells Fargo & Company increased their price objective on Ryder System from $81.00 to $100.00 and gave the stock an “equal weight” rating in a report on Thursday, February 16th. Finally, StockNews.com upgraded Ryder System from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 4th. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $95.17.
Ryder System Company Profile
Ryder System, Inc is a logistics and transportation company, which engages in providing supply chain, dedicated transportation, and fleet management solutions. It operates through the following business segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Transportation Solutions (DTS).
- Get a free copy of the StockNews.com research report on Ryder System (R)
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