Ryder System, Inc. (NYSE:R) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Ryder System, Inc. (NYSE:R) have been assigned a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and four 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 $140.57.

A number of research analysts have issued reports on R shares. StockNews.com cut shares of Ryder System from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. decreased their price objective on shares of Ryder System from $148.00 to $144.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th.

Insider Activity at Ryder System

In other news, insider Thomas M. Havens sold 4,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $157.44, for a total transaction of $629,760.00. Following the sale, the insider now directly owns 20,504 shares in the company, valued at approximately $3,228,149.76. This represents a 16.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Ryder System

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Franklin Resources Inc. raised its position in Ryder System by 14.3% in the third quarter. Franklin Resources Inc. now owns 136,781 shares of the transportation company’s stock worth $20,724,000 after acquiring an additional 17,074 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Ryder System in the 3rd quarter worth approximately $34,000. Sanctuary Advisors LLC lifted its stake in Ryder System by 1.7% during the third quarter. Sanctuary Advisors LLC now owns 7,826 shares of the transportation company’s stock valued at $1,141,000 after purchasing an additional 131 shares during the last quarter. TD Private Client Wealth LLC grew its position in Ryder System by 18.3% in the third quarter. TD Private Client Wealth LLC now owns 1,056 shares of the transportation company’s stock worth $154,000 after buying an additional 163 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Ryder System by 0.8% in the third quarter. Geode Capital Management LLC now owns 722,689 shares of the transportation company’s stock valued at $105,397,000 after buying an additional 5,860 shares in the last quarter. 87.47% of the stock is currently owned by institutional investors.

Ryder System Stock Performance

NYSE R opened at $164.21 on Monday. The company has a fifty day moving average of $155.00 and a two-hundred day moving average of $139.52. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.74 and a quick ratio of 0.74. Ryder System has a 1 year low of $105.09 and a 1 year high of $171.78. The company has a market capitalization of $6.94 billion, a PE ratio of 15.36 and a beta of 1.30.

Ryder System (NYSE:R) last announced its earnings results on Thursday, October 24th. The transportation company reported $3.44 earnings per share for the quarter, topping the consensus estimate of $3.39 by $0.05. The business had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.29 billion. Ryder System had a net margin of 3.83% and a return on equity of 16.78%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.58 earnings per share. As a group, analysts expect that Ryder System will post 12.01 earnings per share for the current year.

Ryder System Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Monday, November 18th will be given a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend is Monday, November 18th. Ryder System’s payout ratio is 30.31%.

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.