Ryder System Inc. (R:NYE) experienced a surge in short interest in February, with short interest totaling 1,380,000 shares as of February 28th, up 16.9% from 1,180,000 shares on February 13th. The short-interest ratio of Ryder stock is currently at 5.1 days, based on an average daily volume of 269,000 shares. Short interest in the company represents 3.1% of the shares of Ryder stock.
Ryder Stock Price Analysis:
On Monday, Ryder System’s shares opened at $90.98, down 2.8%. The company’s market cap stands at $4.21 billion, with a P/E ratio of 5.34 and a beta of 1.58. The one-year low for the stock is $61.71, and the one-year high is $102.36.
Ryder 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 Stock Q4 Earnings:
Ryder System recently announced its earnings results for the fourth quarter, reporting $3.89 EPS for the quarter, which exceeded the consensus estimate of $3.60 by $0.29. The company 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%. The company’s quarterly revenue increased by 18.8% compared to the same quarter last year, with earnings per share of $3.52 during that period. Analysts predict that Ryder Stock will post 11.95 earnings per share for the current year.
Additionally, Ryder System’s Board of Directors authorized a share buyback plan on February 15th, allowing the company to repurchase 2,000,000 shares of its stock through open market purchases. Share buyback plans are generally a sign that a company’s board believes its shares are undervalued.
Ryder Stock Dividend:
The company also recently announced a quarterly dividend of $0.62 per share, to be paid on March 17th to shareholders of record on February 21st. The ex-dividend date was February 17th. This represents a $2.48 dividend on an annualized basis, with a dividend yield of 2.73%. Ryder System’s payout ratio is currently at 14.55%.
Hedge Funds & Institutional Investors:
Institutional investors have made changes to their positions in the company, with CoreCap Advisors LLC acquiring a new stake in Ryder System worth about $25,000, and Romano Brothers AND Company acquiring a new stake in the company worth about $25,000.
SeaCrest Wealth Management LLC and C M Bidwell & Associates Ltd. also acquired new stakes in Ryder System worth about $75,000 and $86,000, respectively. Furthermore, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in the company in the fourth quarter. Institutional investors own 83.69% of Ryder stock.
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 company was founded in 1933 and is headquartered in Miami, Florida.
