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Friday, September 29, 2023

Today, Ryder System Inc. (NYSE: R) Takes Center Stage

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Ryder System Inc. (R) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $101.99. The Ryder System Inc. has recorded 160,262 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Ryder Chairman & CEO to Address the Morgan Stanley 11th Annual Laguna Conference.

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Stocks Info

The company is listed on the NYSE and operates within the Rental & Leasing Services industry segment. At the end of the last regular session, the stock closed at $101.99 and fluctuated between $102.42 as its day high and $100.18 as its day low. The current market capitalization of Ryder System Inc. is $4.63B. A total of 1.12 million shares were traded on the day, compared to an average of 347.42K shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, R has seen 12 BUY and 18 SELL insider trades, representing the acquisition of 145,376 and the disposition of 196,654 shares. Over the last 12 months, there were 76 BUYs and 90 SELLs from insiders. Insiders purchased 616,173 shares during that period but sold 598,980.

In the most recent transaction, Fatovic Robert D sold 10,000 shares of R for 100.58 per share on Aug 31. After the transaction, the EVP, CLO & Corp. Secretary now owns 61,933 company shares. In a previous transaction on Aug 10, JONES KAREN M. sold 900 shares at 102.13 per share. R shares that EVP & Chief Marketing Officer owns now total 5,814.

Among the insiders who sold shares, JONES KAREN M. disposed of 15,388 shares on Aug 09 at a per-share price of $102.11. This resulted in the EVP & Chief Marketing Officer holding 5,682 shares of R after the transaction. In another insider transaction, Sensing John S. sold 32,799 shares at $101.38 per share on Aug 08. Company shares held by the President, Global SCS & DTS now total 45,428.


The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Ryder System Inc. pays an annual dividend of $2.84, resulting in a dividend yield of 2.78%, and it has a price to earnings (P/E) ratio of 9.00. R’s most recent ex-dividend date was 8/18/2023 when it declared a $0.71 quarterly dividend that was paid in cash on 9/15/2023. Previously, the company paid the dividend on 6/16/2023 with an ex-dividend date of 5/19/2023. The R stock dividend was $0.62 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for R in the last 3 months, the mean price target is $110.57 with high estimates of $118.00 and low estimates of $100.00. In terms of 52-week highs and lows, R has a high of $103.81 and a low of $65.69.

As of this writing, R has an earnings estimate of $Ford Motor Company per share for the current quarter. EPS was calculated based on a consensus of RayzeBio, Inc. estimates, with a high estimate of $Realty Income Corporation per share and a lower estimate of $AT&T Inc.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. R’s latest balance sheet shows that the firm has $234.00M in Cash & Short Term Investments as of fiscal 2021. There were $6.58B in debt and $1.87B in liabilities at the time. Its Book Value Per Share was $67.34, while its Total Shareholder’s Equity was $2.80B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for R is Buy with a score of 3.50.

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