Ryder System에 대한 매도 수량은 투자자에게 Ryder System의 주식 하락에 베팅하는 정도를 알려줍니다. 매도 수량 데이터는 2주마다 업데이트됩니다.

Ryder System (NYSE:R) 주식, 공매도 수량 보고

Ryder System

Ryder System Inc operates in three business segments: (1) Fleet Management Solutions which provides full-service leasing and leasing with flexible maintenance options, commercial rental and maintenance services of trucks, tractors and trailers to customers; (2) Supply Chain Solutions (SCS), which provides integrated logistics solutions, including distribution management, dedicated transportation, transportation management, brokerage, e-commerce, last mile, and professional services; and (3) Dedicated Transportation Solutions (DTS), which provides turnkey transportation solutions in the U.S., including dedicated vehicles, professional drivers, management, and administrative support.

Ryder System Inc

ISH RUSL 1000 GR ETF

ISH RUSL 1000 VI ETF

SPDR RUSSELL 2000 SMAL CAP UCITS ETF

PDR RUSSELL 2000 SMALL CAP UCITS ETF

Brookfield Real Assets Income Fund Inc. Common Stock

Brookfield Real Assets Income Fund Inc.

CLOOPEN GRP HLDGS LTD ADR by Cloopen Group Holding Limited

Cloopen Group Holding Ltd

VanEck Inflation Allocation ETF

Radio Caca

Ferrari NV

FERRARI ORD

Relativity Acquisition Corp

Relativity Acquisition Corp Units (1 Ord Class A & 1 War)

Relativity Acquisition Corp Warrants(10/02/2027)

Radicle

Rite Aid Corp

Corner Growth Acquisition Corp. 3

RADIUS GLOBAL INFRASTRUCTURE INC CL A

Radial Research Corp

RAIA DROGASIL SA SPNS/ADR by Raia Drogasil SA

Raia Drogasil SA

RADIUM RESOURCES CORP by Radium Resources Corp.

Radium Resources Corp

RADIOPHARM THRNSTCS S/ADR by RADIOPHARM THERANOSTICS LTD.

RITE AID ORD

Receive Access Ecosystem

Resources Acquisition Corp

RAFARMA PHARMA (WY) by Rafarma Pharmaceuticals, Inc. (WY)

Rafarma Pharmaceuticals Inc

PIMCO RAFI ESG U.S. ETF

RAFFLES FINL GROUP LTD by Raffles Financial Group Limited

REGENCY AFFILIATES INC by Regency Affiliates, Inc.

Regency Affiliates Inc

RAFFLES MEDICAL GROUP LTD by Raffles Medical Group Ltd.

Raffles Medical Group Ltd

Rafex Gold Corp

RA GLOBAL SERVICES INC by RA Global Services, Inc.

RA Global Services Inc

RANA GRUBER AS by RANA GRUBER AS

ROAN HOLDINGS GROUP CO by Roan Holdings Group Co Ltd.

Roan Holdings Group Co Ltd

Rai Reflex Index - United States Dollar

RAIFFEISEN BK INTL AG ORD by Raiffeisen Bank International AG

Raiffeisen Bank International AG

RAIFFEISEN BK IN UNSP/ADR by Raiffeisen Bank International AG

Revolution Acceleration Acquisition Corp II

FreightCar America Inc

RAIN ONCOLOGY INC COM

Rainicorn

Radioio Inc

CORDYCEPS SNSHINE BIO HLD by CORDYCEPS SUNSHINE BIOTECH HOLDINGS CO., LTD.

Cordyceps Sunshine Biotech Holdings Co Ltd

Rakon Ltd

RAINMAKER WORLDWIDE INC by Rainmaker Worldwide Inc.

RAINMAKER WORLDWIDE NEW by Rainmaker Worldwide Inc.

Rainmaker Worldwide Inc

RAMM Pharma Corp Ordinary Shares

LiveRamp Holdings Inc

RAMP

POLARIS RENEWABLE ENERGY by POLARIS RENEWABLE ENERGY INC.

Polaris Renewable Energy Inc

LIVERAMP HOLDINGS ORD

Aries II Acquisition Corporation

RanMarine Technology B.V.

Rand Capital Corporation - Closed End Fund

Rand Capital Corp

Rani Therapeutics Holdings, Inc. - Class A Common Stock

Rani Therapeutics Holdings Inc

Randstad NV

RANK GROUP PLC ORD by Rank Group (THE) p.l.c.

Rank Group (The) PLC

dMY VI

Race Oncology Ltd

RAPHAEL PHARMACEUTICL INC by RAPHAEL PHARMACEUTICAL INC.

Raphael Pharmaceutical Inc

Rapport Therapeutics, Inc. - Common Stock

Rapport Therapeutics Inc

RAPT Therapeutics Inc

WISDOMTREE ENLSANDERTH UCITS USD ETF

Ultragenyx Pharmaceutical Inc. - Common Stock

Ultragenyx Pharmaceutical Inc

SuperRare

CANADA RARE EARTH CP ORD by Canada Rare Earth Corp.

Canada Rare Earth Corp

Rarible - United States Dollar

CANDENCE MINERALS PLC NEW by Cadence Minerals plc

Cadence Minerals PLC

Shares of Pittsburgh, PA-based company Westinghouse Air Brake Technologies Corporation, operating as Wabtec Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wab#NYSE">WAB</a>), have been benefiting from its consistent shareholder-friendly initiatives, as well as strength across its Freight and Transit segments. Bullish full-year 2024 earnings guidance looks encouraging and raises optimism about the stock.
The positive sentiment surrounding WAB stock is evident from the fact that the Zacks Consensus Estimate for the third quarter and full-year 2024 earnings has been revised upward in the past 60 days. The Zacks Consensus Estimate for third-quarter and full-year 2024 earnings per share&nbsp;indicates growth of 9.4% and 26% from the respective 2023 figures.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/f1/78187.jpg?v=353666507" style="height:310px; width:600px" />
Image Source: Zacks Investment Research
The company&#39;s long-term (three-to-five years) earnings growth rate is 16.1%, higher than its industry&#39;s 13.4%.
Let&#39;s delve deeper.
<h2>Solid Financial Returns for Shareholders</h2>
Highlighting its pro-investor stance, Wabtec (on Feb. 14, 2024) announced a 17.6% dividend increase, thereby raising its quarterly cash dividend from 17 cents per share to 20 cents. This quarterly dividend of 20 cents (80 cents annualized) per share gives Wabtec a 0.47% yield at the current stock price. This company&#39;s payout ratio is 11%, with a five-year dividend growth rate of 12.34%.
<div class="chart_embed">
<h3>Westinghouse Air Brake Technologies Corporation Dividend Yield</h3>
<img alt="screenshot_2024-09-18_145724.jpg" src="https://www.benzinga.com/files/u1593113/screenshot_2024-09-18_145724.jpg" style="height:306px; width:620px" />
Westinghouse Air Brake Technologies Corporation dividend-yield-ttm | Westinghouse Air Brake Technologies Corporation Quote
Wabtec&#39;s bottom line has been benefiting from its consistent efforts to reward its shareholders through dividends and share buybacks. In 2022, WAB paid dividends of $111 million and repurchased shares worth $473 million. In 2023, WAB paid dividends of $123 million and repurchased shares worth $409 million. During the first six months of 2024, WAB paid dividends of $71 million and repurchased shares worth $375 million. Such shareholder-friendly moves instill investors&#39; confidence and positively impact the company&#39;s bottom line.
</div>
Dividend-paying stocks provide a solid income stream and have fewer chances of experiencing wild price swings. Dividend stocks, like WAB, are safe bets for creating wealth, as the payouts generally act as a hedge against economic uncertainty like the current scenario.
<h2>Segmental Strength Boosts WAB&#39;s Top Line</h2>
Wabtec&#39;s top line has been benefiting from higher sales across its Freight and Transit segments. While the Freight segment benefits from growth in services and components, the transit segment gains from strong aftermarket and original equipment manufacturing sales.
WAB is expected to continue its strong performance due to strong underlying demand and a robust backlog.The ongoing summer season is expected to provide a further boost to revenues. The Zacks Consensus Estimate for WAB&#39;s third-quarter and fourth-quarter 2024 revenues is pegged at $2.64 billion and $2.61 billion, which indicates an improvement of 3.6% and 3.2% from 2023&#39;s actuals, respectively.
Driven by this encouraging backdrop, management raised its current-year EPS guidance. Wabtec raised 2024 EPS guidance to the range of $7.20-$7.50 from $7.00-$7.40 guided previously. The Zacks Consensus Estimate of $7.46 lies within the updated guided range.
Wabtec&#39;s full-year revenue guidance remains unchanged in the $10.25 billion-$10.55 billion band. The Zacks Consensus Estimate of $10.39 billion lies within the guided range.
<h2>WAB&#39;s Price Performance Soars High</h2>
Wabtec has an impressive earnings surprise history. The company&#39;s earnings outpaced the Zacks Consensus Estimate in three of the trailing four quarters (missed the mark in the remaining quarter), delivering an average surprise of 11.83%. Driven by this upbeat earnings performance and the positives mentioned above, WAB shares have gained 37.2% so far this year, outperforming its industry as well as the S&amp;P 500, of which the company is a key member.
Additionally, WAB&#39;s price performance so far this year compares favorably with that of other industry players like Ryder Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/r#NYSE">R</a>) and Air Lease Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/al#NYSE">AL</a>).
<h2>YTD Price Performance</h2>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/74/78188.jpg?v=895383158" style="height:310px; width:600px" />
Image Source: Zacks Investment Research
<h2>Some Other Tailwinds Working in Favor of WAB Stock</h2>
We are impressed with WAB&#39;s healthy balance sheet. The company&#39;s cash and equivalents increased to $595 million at the end of second-quarter 2024 from $371 million at the end of second-quarter 2023. Meanwhile, the long-term debt level has decreased to $3.5 billion at the end of second-quarter 2024 from $3.4 billion in the second quarter of 2023.
<h2>Long-Term Debt to Capitalization</h2>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/07/78186.jpg?v=673179907" style="height:310px; width:600px" />
Image Source: Zacks Investment Research
<h2>Wrapping Up</h2>
Given the positives surrounding the WAB stock, as highlighted throughout the write-up, we believe that investors should add WAB stock to their portfolio for healthy returns. The Zacks Rank #2 (Buy) carried by the stock supports our thesis.
<a href="https://www.zacks.com/stock/news/2337744/wabtec-s-eps-estimates-northbound-time-to-buy-wab-stock?cid=CS-BENZ-FT-analyst_blog|rank_focused-2337744">To read this article on Zacks.com click here.</a>

Earnings

Large Cap

Mid Cap

News

Guidance

Dividends

Buybacks

Management

Markets

Analyst Ratings

Trading Ideas

Wabtec's EPS Estimates Northbound: Time to Buy WAB Stock?

Ryder System's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/R#NYSE">R</a>) short percent of float has fallen 22.73% since its last report. The company recently reported that it has 447 thousand shares sold short, which is 1.36% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.47 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Ryder System Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725454818_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Ryder System has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Ryder System's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Ryder System's peer group average for short interest as a percentage of float is 4.75%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Peering Into Ryder System's Recent Short Interest

Ryder System And Terminal Industries Announce The First Successful Pilot Program Leveraging Terminal's Computer-vision Technology To Automatically Index And Analyze Trucks And Trailers Flowing In And Out Of The Warehouse Yard

Ryder System's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/R#NYSE">R</a>) short percent of float has risen 15.03% since its last report. The company recently reported that it has 587 thousand shares sold short, which is 1.76% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.17 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Ryder System Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1723231821_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Ryder System has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Ryder System's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Ryder System's peer group average for short interest as a percentage of float is 5.24%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

How Is The Market Feeling About Ryder System?

Baird analyst Garrett Holland maintains Ryder System (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/R#NYSE">R</a>) with a Outperform and raises the price target from $140 to $155.

Price Target

Baird Maintains Outperform on Ryder System, Raises Price Target to $155

Ryder (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/r#NYSE">R</a>) reported $3.18 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 10.3%. EPS of $3.00 for the same period compares to $3.61 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $3.25 billion, representing a surprise of -2.09%. The company delivered an EPS surprise of +4.17%, with the consensus EPS estimate being $2.88.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company&#39;s underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock&#39;s price performance more accurately.
Here is how Ryder performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
<ul>
<li>Operating Revenue- Fleet Management Solutions: $1.28 billion versus $1.29 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +1.8% change.</li>
<li>Operating Revenue- Dedicated Transportation Solutions: $485 million compared to the $528.41 million average estimate based on two analysts. The reported number represents a change of +48.3% year over year.</li>
<li>Operating Revenue- Supply Chain Solutions: $989 million versus $951.35 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +14.3% change.</li>
<li>Revenues- Supply Chain Solutions - Subcontracted transportation and fuel: -$352 million versus $353.94 million estimated by two analysts on average.</li>
<li>Revenues- Fleet Management Solutions: $1.48 billion versus $1.48 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +1.3% change.</li>
<li>Revenues- Fleet Management Solutions- SelectCare and other: $176 million versus the two-analyst average estimate of $171.64 million. The reported number represents a year-over-year change of +2.3%.</li>
<li>Revenues- Dedicated Transportation Solutions: $635 million compared to the $698.73 million average estimate based on two analysts. The reported number represents a change of +44.3% year over year.</li>
<li>Revenues- Eliminations: -$272 million versus -$234.47 million estimated by two analysts on average.</li>
<li>Revenues- Fleet Management Solutions- Commercial rental: $244 million compared to the $254.69 million average estimate based on two analysts. The reported number represents a change of -18.9% year over year.</li>
<li>Revenues- Fleet Management Solutions- ChoiceLease: $856 million versus the two-analyst average estimate of $861.14 million. The reported number represents a year-over-year change of +9.6%.</li>
<li>Revenues- Fleet Management Solutions- Fuel services: $202 million versus the two-analyst average estimate of $192.92 million. The reported number represents a year-over-year change of -1.5%.</li>
<li>Revenues- Supply Chain Solutions: $1.34 billion versus $1.31 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +13.7% change.</li>
<li>Shares of Ryder have returned +5.8% over the past month versus the Zacks S&amp;P 500 composite&#39;s -0.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.</li>
<li><a href="https://www.zacks.com/stock/news/2309202/compared-to-estimates-ryder-r-q2-earnings-a-look-at-key-metrics?cid=CS-BENZ-FT-fundamental_analysis|nfm-2309202">To read this article on Zacks.com click here.</a></li>
</ul>

Small Cap

Compared to Estimates, Ryder Q2 Earnings: A Look at Key Metrics

Ryder System Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/R#NYSE">R</a>) reported second-quarter FY24 sales growth of 10% year-on-year to $3.18 billion, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/b39953576/ryder-reports-second-quarter-2024-results" rel="noreferrer noopener">missing the analyst consensus estimate of $3.24 billion.</a>
Revenue from Fleet management solutions increased by 1% to $1.478 billion, Supply Chain Solutions climbed 14% to $1.341 billion and Dedicated Transportation Solutions jumped 44% to $635 million.
Selling, general and administrative expenses increased by 7.3% to $368 million. Adjusted EPS of $3.00 <a href="https://www.benzinga.com/earnings" target="_blank" rel="noreferrer noopener">beat the analyst consensus of $2.87.</a>
Ryder System held $164 million in cash and equivalents as of June-end. Operating cash flow for six months totaled $1.1 billion, with a free cash flow of $71 million.
Ryder Chairman &amp; CEO Robert Sanchez said, &#8220;Comparable EPS were above our forecast primarily reflecting better-than-expected ChoiceLease results. ROE of 16% demonstrated the increased resilience of our transformed business model and is in line with our expectations for the latter stage of a freight-cycle downturn.&#8221;
Outlook: Ryder lowered its FY24 operating revenue growth to about 8% from the previously expected ~10% growth.
Ryder tightened its FY24 adjusted EPS forecast from $11.75 &#8211; $12.50 to <a href="https://www.benzinga.com/calendars/guidance">$11.90 &#8211; 12.40 versus an estimate of $12.04.</a>
For third-quarter, Ryder sees adjusted EPS of $3.30 &#8211; $3.50 against the consensus of $3.39.
Price Action: R shares are trading higher by 2.96% at $133.73 at the last check Thursday.

Equities

General

Logistics Provider Ryder System Navigates Market Bumps: Beats Q2 EPS Estimates But Adjusts Annual Revenue Outlook

Ryder Sees Q3 Adj EPS Of $3.30 - $3.50 Vs. $3.39 Est.

Ryder Sees FY24 Revenue Growth Of About 8%; Adj EPS Of $11.90 - $12.40 Vs. $12.04 Est.

Ryder System (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/R#NYSE">R</a>) reported quarterly earnings of $3.00 per share which beat the analyst consensus estimate of $2.87 by 4.53 percent. This is a 16.9 percent decrease over earnings of $3.61 per share from the same period last year. The company reported quarterly sales of $3.18 billion which missed the analyst consensus estimate of $3.24 billion by 1.79 percent. This is a 10.33 percent increase over sales of $2.88 billion the same period last year.

Earnings Beats

Earnings Misses

Ryder System Q2 Adj $3.00 Beats $2.87 Estimate, Sales $3.18B Miss $3.24B Estimate

Contracts

Teamsters At Ryder In Salt Lake City Reject Company's Final Offer, Authorize Strike; Ryder Truck Rental Mechanics And Service Attendants Rejected Co's Final Offer & Terminated Contract Extension

Shares of Ryder System, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/r#NYSE">R</a>) performed well on the bourse on Jul 12, 2024, closing the trading session at $128.75 per share, up 3.02% from the previous day&#39;s closing. The upside was owing to the dividend&nbsp;hike announcement by Ryder&#39;s board of directors.
In a shareholder-friendly move, R&#39;s board of directors has approved a dividend hike of 14.1%, thereby raising its quarterly cash dividend to 81 cents per share ($3.24 annualized) from 71 cents ($2.84 annualized). The raised dividend will be paid out on Sep 20, 2024, to shareholders of record at the close of business on Aug 19. The move reflects R&#39;s intention to utilize free cash to enhance its shareholders&#39; returns.
This marks Ryder&#39;s 192nd consecutive quarterly cash dividend. Notably, Ryder has been making uninterrupted dividend payments for more than 48 years.
<div class="chart_embed">
<h3>Ryder System, Inc. Dividend Yield</h3>
<img alt="ryderttm.jpg" src="https://www.benzinga.com/files/u1593113/ryderttm.jpg" style="height:306px; width:620px" />
Ryder System, Inc. dividend-yield-ttm | Ryder System, Inc. Quote
</div>
Ryder has been consistently making efforts to reward its shareholders through dividends and share buybacks, which are encouraging. During 2021, Ryder rewarded its shareholders through dividends of $122 million and repurchased shares worth $57 million. In 2022, Ryder paid dividends of $123 million and repurchased shares worth $557 million. In 2023, Ryder paid dividends of $128 million and repurchased shares worth $337 million. During first-quarter 2024, Ryder paid dividends of $35 million and repurchased shares worth $51 million.
Dividend-paying stocks provide a solid income stream and have fewer chances of experiencing wild price swings. Dividend stocks, like R, are safe bets for creating wealth, as the payouts generally act as a hedge against economic uncertainty like the current scenario.&nbsp;
R&#39;s management&#39;s decision to increase its quarterly dividend payout reflects the company&#39;s commitment to boosting shareholder value apart from underlining confidence in its business. We believe such shareholder-friendly initiatives should boost investor confidence and positively impact this Zacks Rank #3 (Hold) company&#39;s bottom line.
Notably, shares of Ryder have gained 45% over the past year compared with 28.9% growth of the industry.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/2b/71333.jpg?v=1746302105" />
Image Source: Zacks Investment Research
Ryder is not the only player from the Zacks Transportation sector that has rewarded its shareholders with dividend payouts or share buyback programs. To name a few, on Jun 20, 2024, Delta Air Lines (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dal#NYSE">DAL</a>) management announced a 50% hike in the quarterly dividend payout. This was the first dividend increase announced by DAL since its resumption of quarterly dividend payments last year following the COVID-induced hiatus. The decision reflects DAL&#39;s shareholder-friendly approach. Financial prosperity owing to strong passenger revenues may have led to the dividend hike.
Delta Air Lines raised its quarterly dividend to 15 cents per share (annualized 60 cents per share), representing an increase of 50% over the previous payout of 10 cents per share (annualized 40 cents per share). The new dividend, which has been approved by the company&#39;s board of directors, will be paid on Aug 20 to shareholders of record as of the close of business on Jul 30, 2024.
On Jun 10, 2024, FedEx Corporation&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fdx#NYSE">FDX</a>) board of directors approved a dividend hike of 10%, thereby raising its quarterly cash dividend from $1.26 ($5.04 annualized) per share to $1.38 ($5.52 annualized).The raised dividend was paid on Jul 9 to shareholders of record at the close of business on Jun 24, 2024.
<a href="https://www.zacks.com/stock/news/2301633/ryder-r-stock-rises-more-than-3-following-dividend-hike?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2301633">To read this article on Zacks.com click here.</a>

Ryder Stock Rises More Than 3% Following Dividend Hike

Ryder System, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/R#NYSE">R</a>), a prominent player in supply chain, transportation, and fleet management solutions, has announced a definitive <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/b39768477/ryder-to-acquire-pit-stop-fleet-service" rel="noreferrer noopener">agreement to acquire </a><a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/b39768477/ryder-to-acquire-pit-stop-fleet-service" rel="noreferrer noopener">Pit Stop Fleet Service</a>.
Financial specifics of the acquisition have not been disclosed. The acquisition will enhance Ryder&#8217;s Torque by Ryder retail mobile maintenance services, driving significant growth for the product.
Based in Venice, Florida, Pit Stop provides mobile commercial fleet maintenance services, including battery, tire, and transmission repairs, preventative maintenance, and breakdown assistance.
The deal is projected to add approximately $24 million in gross revenue to Ryder&#8217;s business by 2025, contributing to earnings growth.
Ryder expects to finalize the transaction by August 1, pending customary closing conditions.
&#8220;With our complementary retail mobile maintenance fleet services across diverse industries and markets, we now have even greater economies of scale and offer unparalleled flexibility for fleets requiring swift maintenance services,&#8221; said Ryder&#8217;s President of Fleet Management Solutions, Tom Havens.
With this acquisition, Ryder&#8217;s retail mobile maintenance services will now be available in 140 markets across 20 states, including Alabama, Arizona, Florida, and Texas. There are plans to extend these services to additional states later in 2024.
Launched in the summer of 2023, Torque by Ryder will now have around 200 technicians. These technicians will provide extensive maintenance services for various vehicles, including commercial trucks, delivery vans, refrigerated vehicles, and emergency response vehicles.
Ryder held $234 million in <a target="_blank" href="https://www.benzinga.com//node/38374757" rel="noreferrer noopener">cash and equivalents as of March-end.</a>
Price Action: R shares traded higher by 0.11% at $128.89 at the last check Monday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image via Shutterstock

Ryder System Boosts Mobile Maintenance with Pit Stop Fleet Service Acquisition: Details

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.ryder.com%2F&amp;esheet=54093905&amp;newsitemid=20240715635600&amp;lan=en-US&amp;anchor=Ryder+System%2C+Inc.&amp;index=1&amp;md5=5fc825df2b1c976ab230bace8964f0bc">Ryder System, Inc.</a>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/R#NYSE">R</a>), a leader in&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.ryder.com%2Fen-us%2Flogistics%2Fthird-party-logistics&amp;esheet=54093905&amp;newsitemid=20240715635600&amp;lan=en-US&amp;anchor=supply+chain&amp;index=2&amp;md5=99699e615a7d965aa1c7efaef43fa980">supply chain</a>,&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.ryder.com%2Fen-us%2Flogistics%2Ftransportation-logistics%2Fdedicated-transportation&amp;esheet=54093905&amp;newsitemid=20240715635600&amp;lan=en-US&amp;anchor=dedicated+transportation&amp;index=3&amp;md5=9ec529d51b4c73ad6aace232512cb5e0">dedicated transportation</a>, and&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.ryder.com%2Fen-us%2Ffleet-leasing&amp;esheet=54093905&amp;newsitemid=20240715635600&amp;lan=en-US&amp;anchor=fleet+management&amp;index=4&amp;md5=dd4d14ddaad3e0c7ed8263746a64e3a8">fleet management</a>&nbsp;solutions, has entered into a definitive agreement to acquire Pit Stop Fleet Service (&quot;Pit Stop&quot;), enabling the expansion and further strengthening of Ryder&#39;s&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.torquebyryder.com%2F&amp;esheet=54093905&amp;newsitemid=20240715635600&amp;lan=en-US&amp;anchor=Torque+by+Ryder%26%238482%3B&amp;index=5&amp;md5=6ec65c2ffb37432b3ee4e2a390a10598">Torque by Ryder&trade;</a>&nbsp;retail mobile maintenance business offering, which will accelerate growth of this product solution. Based in Venice, Fla., Pit Stop offers retail mobile commercial fleet maintenance, including battery, tire and transmission repairs, preventative maintenance, and breakdown assistance.
Ryder to acquire Pit Stop Fleet Service, enabling the expansion and further strengthening of Ryder&#39;s Torque by Ryder&trade; retail mobile maintenance business offering, which will accelerate growth of this product solution. (Photo: Business Wire)
The transaction, which Ryder expects to complete by August 1, subject to customary closing conditions, is expected to add approximately&nbsp;$24 million&nbsp;in gross revenue to Ryder&#39;s Torque by Ryder&trade; business in 2025 and provide incremental growth to Ryder&#39;s earnings. Financial terms of the deal are not disclosed.
Ryder expects the transaction to create synergies and to benefit both Ryder and Pit Stop customers. To ensure a seamless experience for customers, Ryder will fully integrate Pit Stop employees, assets, and operations. Ron and Connie Perry, who co-founded Pit Stop in 1997, will help support the integration into Ryder.

Ryder to Acquire Pit Stop Fleet Service, To Add $25M Gross Revenue Synergies In 2025

WIIM

Ryder shares are trading higher after the company raised its dividend.

The company declared a regular quarterly cash dividend of&nbsp;$0.81&nbsp;per share of common stock to be paid on September 20, 2024 to shareholders of record on August 19, 2024.
This dividend reflects an increase of&nbsp;$0.10&nbsp;from the&nbsp;$0.71&nbsp;cash dividend that Ryder had been paying quarterly since July 2023.

Ryder Boosts Quarterly Cash Dividend From $0.71 To $0.81 Per Share

JP Morgan analyst Brian Ossenbeck maintains Ryder System (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/R#NYSE">R</a>) with a Neutral and lowers the price target from $126 to $125.

JP Morgan Maintains Neutral on Ryder System, Lowers Price Target to $125

Stephens &amp; Co. analyst Justin Long initiates coverage on Ryder System (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/R#NYSE">R</a>) with a Equal-Weight rating.

Initiation

Stephens & Co. Initiates Coverage On Ryder System with Equal-Weight Rating

Ryder System shares are trading higher after Morgan Stanley initiated coverage with an Overweight rating and announced a price target of $165.

Morgan Stanley analyst Christyne McGarvey initiates coverage on Ryder System (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/R#NYSE">R</a>) with a Overweight rating and announces Price Target of $165.

Morgan Stanley Initiates Coverage On Ryder System with Overweight Rating, Announces Price Target of $165

REGL: Overweight In Financials, But Low Volatility

Tonix stock jumps on collaboration for mpox vaccine candidate

Single-digit tickers = single-digit returns? - Bespoke

Single-letter tickers = single-digit returns?

Levi & Korsinsky informs shareholders that a settlement has been reached in the pending class action lawsuit against Ryder System, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/R#NYSE">R</a>). T...

Comments

Ryder System

매도 수량

Ryder System (NYSE:R) 주식, 공매도 수량 보고

사람들이 또한 지켜본다

뉴스

파트너 / 기고자

벤징가 글로벌