Ryder System, Inc. (NYSE:R – Get Free Report) declared a quarterly dividend on Friday, July 12th, Zacks reports. Investors of record on Monday, August 19th will be given a dividend of 0.81 per share by the transportation company on Friday, September 20th. This represents a $3.24 annualized dividend and a yield of 2.35%. The ex-dividend date is Monday, August 19th. This is an increase from Ryder System’s previous quarterly dividend of $0.71.
Ryder System has increased its dividend payment by an average of 5.9% per year over the last three years and has increased its dividend every year for the last 20 years. Ryder System has a dividend payout ratio of 23.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Ryder System to earn $14.30 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 22.7%.
Ryder System Stock Up 0.4 %
Shares of NYSE:R opened at $137.88 on Friday. Ryder System has a 1 year low of $91.31 and a 1 year high of $143.54. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.74 and a quick ratio of 0.74. The business’s 50-day moving average is $127.90 and its 200-day moving average is $121.25. The company has a market capitalization of $5.97 billion, a price-to-earnings ratio of 17.95 and a beta of 1.29.
Insider Buying and Selling
In other news, EVP Francisco Jr. Lopez sold 12,730 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $139.32, for a total value of $1,773,543.60. Following the completion of the sale, the executive vice president now owns 47,779 shares in the company, valued at $6,656,570.28. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, EVP Francisco Jr. Lopez sold 12,730 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $139.32, for a total value of $1,773,543.60. Following the completion of the transaction, the executive vice president now directly owns 47,779 shares of the company’s stock, valued at $6,656,570.28. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CMO Karen M. Jones sold 6,776 shares of Ryder System stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $120.44, for a total value of $816,101.44. Following the sale, the chief marketing officer now owns 5,666 shares in the company, valued at $682,413.04. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on R shares. JPMorgan Chase & Co. dropped their price objective on shares of Ryder System from $126.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. The Goldman Sachs Group increased their price target on Ryder System from $122.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. StockNews.com downgraded Ryder System from a “strong-buy” rating to a “buy” rating in a report on Friday, July 12th. Stephens began coverage on Ryder System in a report on Monday, July 8th. They issued an “equal weight” rating on the stock. Finally, Robert W. Baird boosted their price target on shares of Ryder System from $140.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $137.86.
View Our Latest Stock Report on Ryder System
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.
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