Ryder System, Inc. (R) – What Are Investment Firms Thinking About This Stock?

Ryder System, Inc. (NYSE:R) has received a consensus recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $284.12.

A number of analysts recently weighed in on the company. Robert W. Baird restated a “neutral” rating and issued a $245.00 price target (down from $290.00) on shares of Ryder System in a research note on Tuesday, September 29th. Citizens Jmp assumed coverage on Ryder System in a report on Wednesday, July 15th. They set a “market perform” rating on the stock. Janney Montgomery Scott set a $285.00 price objective on Ryder System in a research report on Thursday, October 8th. Barclays raised their target price on Ryder System from $290.00 to $300.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Finally, Morgan Stanley upgraded shares of Ryder System from an “overweight” rating to a “buy” rating in a research report on Monday, October 5th.

Institutional Investors Weigh In On Ryder System

A number of hedge funds and other institutional investors have recently modified their holdings of R. BlackRock Inc. purchased a new stake in shares of Ryder System in the 2nd quarter worth about $1,060,749,000. Bank of America Corp DE acquired a new stake in Ryder System in the 2nd quarter valued at about $207,689,000. Bank of New York Mellon Corp purchased a new position in Ryder System during the 2nd quarter valued at about $136,320,000. First Trust Advisors LP increased its holdings in Ryder System by 81.5% during the 1st quarter. First Trust Advisors LP now owns 1,010,320 shares of the transportation company’s stock valued at $206,822,000 after acquiring an additional 453,697 shares in the last quarter. Finally, NewEdge Wealth LLC acquired a new position in Ryder System during the second quarter worth about $74,531,000. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Ryder System Stock Up 1.3%

Ryder System stock opened at $240.35 on Thursday. The company has a market capitalization of $9.22 billion, a P/E ratio of 19.56 and a beta of 1.05. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.65 and a current ratio of 0.65. Ryder System has a fifty-two week low of $157.67 and a fifty-two week high of $284.25. The stock has a 50-day simple moving average of $242.27 and a 200-day simple moving average of $248.67.

Ryder System (NYSE:R) last released its quarterly earnings results on Thursday, July 23rd. The transportation company reported $3.73 EPS for the quarter, beating the consensus estimate of $3.69 by $0.04. Ryder System had a net margin of 3.88% and a return on equity of 18.28%. The firm had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $3.29 billion. During the same quarter in the prior year, the firm earned $3.32 EPS. Ryder System’s revenue for the quarter was up 5.0% on a year-over-year basis. Equities research analysts expect that Ryder System will post 14.74 earnings per share for the current year.

Ryder System Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Monday, November 23rd will be given a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 1.7%. The ex-dividend date is Monday, November 23rd. Ryder System’s dividend payout ratio is presently 32.87%.

About Ryder System

Ryder System, Inc is a transportation and logistics company that provides fleet management, supply chain and dedicated transportation services. Founded in 1933 by James Ryder and headquartered in Miami, Florida, the company serves businesses that rely on commercial vehicles, transportation networks and logistics infrastructure.

Through its Fleet Management Solutions business, Ryder offers full-service leasing, commercial vehicle rental, maintenance, fleet support and related services for trucks, tractors, trailers and other vehicles.