Ryder System, Inc. (NYSE:R) Receives Average Rating of “Moderate Buy” from Analysts

Ryder System, Inc. (NYSE:R) has received a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $137.86.

Several analysts recently issued reports on the stock. Stephens began coverage on shares of Ryder System in a report on Monday, July 8th. They set an “equal weight” rating for the company. JPMorgan Chase & Co. reduced their price objective on shares of Ryder System from $126.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Robert W. Baird boosted their price target on Ryder System from $140.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Vertical Research upgraded Ryder System from a “hold” rating to a “buy” rating and increased their price objective for the stock from $125.00 to $145.00 in a research note on Friday, June 14th. Finally, StockNews.com downgraded shares of Ryder System from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 12th.

Insider Buying and Selling

In other news, EVP Francisco Jr. Lopez sold 12,730 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $139.32, for a total value of $1,773,543.60. Following the completion of the transaction, the executive vice president now owns 47,779 shares of the company’s stock, valued at approximately $6,656,570.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. EntryPoint Capital LLC acquired a new position in shares of Ryder System during the first quarter worth about $25,000. Altshuler Shaham Ltd bought a new position in shares of Ryder System during the 2nd quarter worth approximately $29,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Ryder System in the second quarter valued at approximately $51,000. Creekmur Asset Management LLC bought a new stake in shares of Ryder System in the fourth quarter worth $68,000. Finally, GAMMA Investing LLC boosted its holdings in Ryder System by 44.0% during the second quarter. GAMMA Investing LLC now owns 589 shares of the transportation company’s stock worth $73,000 after purchasing an additional 180 shares during the last quarter. Institutional investors and hedge funds own 87.47% of the company’s stock.

Ryder System Stock Up 0.5 %

Ryder System stock opened at $145.44 on Wednesday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.09. Ryder System has a 1-year low of $91.31 and a 1-year high of $150.00. The firm’s fifty day simple moving average is $138.08 and its 200-day simple moving average is $126.99. The company has a market capitalization of $6.29 billion, a P/E ratio of 18.94 and a beta of 1.28.

Ryder System (NYSE:R) last released its quarterly earnings results on Thursday, July 25th. The transportation company reported $3.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.87 by $0.13. Ryder System had a return on equity of 17.22% and a net margin of 4.06%. The company had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.24 billion. During the same quarter in the prior year, the company posted $3.61 EPS. The firm’s revenue was up 10.3% on a year-over-year basis. Sell-side analysts forecast that Ryder System will post 12.19 earnings per share for the current fiscal year.

Ryder System Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Monday, August 19th were paid a $0.81 dividend. The ex-dividend date was Monday, August 19th. This is a boost from Ryder System’s previous quarterly dividend of $0.71. This represents a $3.24 dividend on an annualized basis and a yield of 2.23%. Ryder System’s dividend payout ratio (DPR) is presently 42.19%.

Ryder System 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 FMS segment offers full-service leasing and leasing with flexible maintenance options; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers; access to diesel fuel; and fuel planning and tax reporting, cards, and monitoring services, and centralized billing, as well as sells used vehicles through its retail sales centers and www.ryder.com/used-trucks website, as well as digital and technology support services.