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

Shares of Ryder System, Inc. (NYSE:R) have received a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $137.86.

R has been the subject of several recent research reports. Robert W. Baird boosted their target price on shares of Ryder System from $140.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Morgan Stanley began coverage on shares of Ryder System in a research report on Monday, June 24th. They set an “overweight” rating and a $165.00 target price on the stock. StockNews.com cut Ryder System from a “buy” rating to a “hold” rating in a research report on Monday, October 7th. JPMorgan Chase & Co. lowered their price objective on Ryder System from $126.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. Finally, Stephens started coverage on Ryder System in a report on Monday, July 8th. They issued an “equal weight” rating for the company.

Ryder System Stock Performance

Shares of R stock opened at $149.08 on Friday. The company has a market capitalization of $6.45 billion, a price-to-earnings ratio of 13.65 and a beta of 1.28. Ryder System has a 1-year low of $91.31 and a 1-year high of $154.76. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.09. The stock’s fifty day simple moving average is $142.17 and its 200-day simple moving average is $130.19.

Ryder System (NYSE:R) last posted its quarterly earnings results on Thursday, July 25th. The transportation company reported $3.00 EPS for the quarter, topping the consensus estimate of $2.87 by $0.13. The business had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.24 billion. Ryder System had a net margin of 4.06% and a return on equity of 17.22%. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period last year, the company posted $3.61 earnings per share. On average, sell-side analysts predict that Ryder System will post 12.2 earnings per share for the current fiscal year.

Ryder System Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Monday, November 18th will be given a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend is Monday, November 18th. Ryder System’s dividend payout ratio (DPR) is presently 29.67%.

Insider Activity

In other Ryder System news, EVP Francisco Jr. Lopez sold 12,730 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $139.32, for a total transaction of $1,773,543.60. Following the completion of the transaction, the executive vice president now directly owns 47,779 shares in the company, valued at $6,656,570.28. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 5.10% of the company’s stock.

Hedge Funds Weigh In On Ryder System

Institutional investors have recently bought and sold shares of the business. EntryPoint Capital LLC acquired a new stake in Ryder System in the 1st quarter valued at about $25,000. Wolff Wiese Magana LLC acquired a new stake in shares of Ryder System in the third quarter valued at approximately $28,000. Altshuler Shaham Ltd bought a new position in Ryder System in the 2nd quarter worth approximately $29,000. UMB Bank n.a. lifted its holdings in Ryder System by 43.2% during the 3rd quarter. UMB Bank n.a. now owns 265 shares of the transportation company’s stock worth $39,000 after buying an additional 80 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new position in Ryder System in the 2nd quarter valued at $51,000. Institutional investors own 87.47% of the company’s stock.

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.