Ryder System, Inc. (NYSE:R) Short Interest Update

Ryder System, Inc. (NYSE:R) was the target of a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 428,400 shares, a drop of 16.1% from the March 31st total of 510,800 shares. Based on an average trading volume of 281,200 shares, the short-interest ratio is currently 1.5 days. Approximately 1.0% of the company’s shares are sold short.

Wall Street Analyst Weigh In

R has been the topic of several analyst reports. Wells Fargo & Company raised their target price on Ryder System from $100.00 to $120.00 and gave the company an “equal weight” rating in a report on Thursday, February 15th. Vertical Research cut shares of Ryder System from a “buy” rating to a “hold” rating and set a $120.00 target price on the stock. in a research report on Wednesday, January 10th. Stephens upped their target price on shares of Ryder System from $113.00 to $120.00 and gave the company an “equal weight” rating in a research note on Wednesday. The Goldman Sachs Group lifted their price target on shares of Ryder System from $122.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Robert W. Baird reissued a “buy” rating and issued a $140.00 price objective on shares of Ryder System in a research report on Wednesday, January 3rd. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Ryder System currently has a consensus rating of “Hold” and an average target price of $126.83.

Ryder System Stock Down 0.4 %

R stock opened at $121.95 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.62 and a debt-to-equity ratio of 2.22. The firm has a 50 day simple moving average of $115.04 and a 200-day simple moving average of $110.93. The company has a market capitalization of $5.35 billion, a P/E ratio of 15.88 and a beta of 1.40. Ryder System has a twelve month low of $76.15 and a twelve month high of $123.45.

Ryder System (NYSE:R) last released its earnings results on Tuesday, April 23rd. The transportation company reported $2.14 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.43. Ryder System had a net margin of 2.95% and a return on equity of 18.38%. The company had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter in the previous year, the firm earned $2.81 EPS. The company’s revenue was up 4.9% on a year-over-year basis. On average, equities research analysts predict that Ryder System will post 11.9 earnings per share for the current fiscal year.

Ryder System Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 20th were issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date was Friday, February 16th. Ryder System’s dividend payout ratio is presently 36.98%.

Insider Buying and Selling

In related news, CMO Karen M. Jones sold 7,737 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $113.48, for a total value of $877,994.76. Following the transaction, the chief marketing officer now owns 12,396 shares in the company, valued at $1,406,698.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 5.10% of the company’s stock.

Institutional Investors Weigh In On Ryder System

A number of institutional investors have recently made changes to their positions in the company. SummerHaven Investment Management LLC grew its holdings in shares of Ryder System by 1.2% during the fourth quarter. SummerHaven Investment Management LLC now owns 8,528 shares of the transportation company’s stock valued at $981,000 after purchasing an additional 98 shares during the last quarter. CWM LLC lifted its stake in Ryder System by 33.9% in the third quarter. CWM LLC now owns 438 shares of the transportation company’s stock valued at $47,000 after buying an additional 111 shares during the last quarter. Quent Capital LLC grew its position in shares of Ryder System by 17.7% during the fourth quarter. Quent Capital LLC now owns 745 shares of the transportation company’s stock worth $86,000 after acquiring an additional 112 shares during the last quarter. Parallel Advisors LLC lifted its position in Ryder System by 8.7% in the 4th quarter. Parallel Advisors LLC now owns 1,455 shares of the transportation company’s stock valued at $167,000 after purchasing an additional 116 shares during the last quarter. Finally, M&T Bank Corp boosted its stake in Ryder System by 7.2% during the 4th quarter. M&T Bank Corp now owns 2,502 shares of the transportation company’s stock valued at $288,000 after purchasing an additional 167 shares during the period. 87.47% of the stock is currently owned by 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.