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

Ryder System, Inc. (NYSE:R) 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.

Ryder System (NYSE:R) last issued its quarterly earnings results on Thursday, July 25th. The transportation company reported $3.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.87 by $0.13. The firm had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.24 billion. Ryder System had a return on equity of 17.22% and a net margin of 4.06%. The company’s revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.61 earnings per share. Equities research analysts predict that Ryder System will post 12.19 earnings per share for the current year.

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.

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.