Ryder System, Inc. (NYSE:R) has been given a consensus rating of “Hold” by the thirteen research firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $84.00.
Several analysts recently commented on R shares. Zacks Investment Research raised shares of Ryder System from a “hold” rating to a “buy” rating and set a $87.00 price objective on the stock in a research report on Tuesday, August 21st. Stifel Nicolaus increased their price objective on shares of Ryder System from $76.00 to $81.00 and gave the company a “hold” rating in a research report on Thursday, July 26th. Buckingham Research cut their price objective on shares of Ryder System from $91.00 to $89.00 and set a “buy” rating on the stock in a research report on Friday. Mizuho reissued a “buy” rating and set a $90.00 price objective on shares of Ryder System in a research report on Thursday, July 26th. Finally, ValuEngine downgraded shares of Ryder System from a “hold” rating to a “sell” rating in a research report on Wednesday, September 19th.
In other news, CFO Art A. Garcia sold 3,412 shares of the firm’s stock in a transaction dated Monday, July 30th. The shares were sold at an average price of $76.82, for a total transaction of $262,109.84. Following the sale, the chief financial officer now owns 16,201 shares of the company’s stock, valued at approximately $1,244,560.82. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Robert E. Sanchez sold 27,830 shares of the firm’s stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $78.04, for a total transaction of $2,171,853.20. Following the sale, the chief executive officer now directly owns 119,387 shares in the company, valued at approximately $9,316,961.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 57,865 shares of company stock worth $4,502,858. Insiders own 2.27% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Spark Investment Management LLC boosted its holdings in shares of Ryder System by 19.4% in the second quarter. Spark Investment Management LLC now owns 4,000 shares of the transportation company’s stock worth $287,000 after buying an additional 650 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in Ryder System by 22.5% during the 1st quarter. Commonwealth Equity Services LLC now owns 4,766 shares of the transportation company’s stock worth $346,000 after acquiring an additional 876 shares during the period. Envestnet Asset Management Inc. raised its stake in Ryder System by 16.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 6,395 shares of the transportation company’s stock worth $460,000 after acquiring an additional 899 shares during the period. Xact Kapitalforvaltning AB raised its stake in Ryder System by 14.7% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 7,030 shares of the transportation company’s stock worth $505,000 after acquiring an additional 900 shares during the period. Finally, Intrust Bank NA raised its stake in Ryder System by 16.0% during the 2nd quarter. Intrust Bank NA now owns 7,352 shares of the transportation company’s stock worth $529,000 after acquiring an additional 1,015 shares during the period. 90.03% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Ryder System stock traded down $0.13 during trading on Wednesday, hitting $66.76. The company’s stock had a trading volume of 509,146 shares, compared to its average volume of 536,002. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.68 and a quick ratio of 0.64. The firm has a market cap of $3.88 billion, a price-to-earnings ratio of 14.74 and a beta of 1.45. Ryder System has a 52 week low of $65.65 and a 52 week high of $90.26.
Ryder System (NYSE:R) last issued its quarterly earnings results on Wednesday, July 25th. The transportation company reported $1.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.29 by $0.13. Ryder System had a net margin of 9.99% and a return on equity of 9.96%. The company had revenue of $2.09 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same period last year, the business earned $1.00 EPS. Ryder System’s quarterly revenue was up 16.9% compared to the same quarter last year. On average, equities analysts anticipate that Ryder System will post 5.77 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Monday, November 19th will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date is Friday, November 16th. Ryder System’s payout ratio is presently 47.68%.
Ryder System Company Profile
Ryder System, Inc provides transportation and supply chain management solutions worldwide. The company operates through three segments: Fleet Management Solutions (FMS), Dedicated Transportation Solutions (DTS), and Supply Chain Solutions (SCS). The FMS segment offers full service leasing and leasing with flexible maintenance options, as well as maintenance services, supplies, and related equipment for operation of the vehicles; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers, as well as ancillary maintenance and fleet support services.
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