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

Shares of Ryder System, Inc. (NYSE:R) have been given a consensus rating of “Moderate Buy” by the seven research firms that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $140.57.

R has been the subject of several research reports. StockNews.com downgraded Ryder System from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. decreased their price objective on Ryder System from $148.00 to $144.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Finally, Robert W. Baird increased their target price on Ryder System from $140.00 to $155.00 and gave the stock an “outperform” rating in a report on Friday, July 26th.

Ryder System Stock Up 2.2 %

Shares of NYSE R opened at $167.88 on Thursday. The company’s 50 day moving average price is $146.68 and its 200-day moving average price is $134.63. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.74 and a current ratio of 0.74. Ryder System has a 52-week low of $104.44 and a 52-week high of $168.77. The company has a market capitalization of $7.10 billion, a P/E ratio of 15.70 and a beta of 1.28.

Ryder System (NYSE:R) last posted its quarterly earnings data 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. Ryder System had a return on equity of 16.78% and a net margin of 3.83%. The firm had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.29 billion. During the same period last year, the company posted $3.58 EPS. The business’s quarterly revenue was up 8.3% on a year-over-year basis. Equities analysts forecast that Ryder System will post 12.01 earnings per share for the current year.

Ryder System Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Monday, November 18th will be issued a dividend of $0.81 per share. The ex-dividend date is Monday, November 18th. This represents a $3.24 dividend on an annualized basis and a yield of 1.93%. Ryder System’s dividend payout ratio (DPR) is presently 30.31%.

Insider Activity

In other Ryder System news, insider Thomas M. Havens sold 4,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $157.44, for a total value of $629,760.00. Following the completion of the sale, the insider now directly owns 20,504 shares of the company’s stock, valued at $3,228,149.76. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 5.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Wolff Wiese Magana LLC purchased a new position in Ryder System during the 3rd quarter valued at about $28,000. EntryPoint Capital LLC purchased a new position in Ryder System during the first quarter valued at approximately $25,000. Altshuler Shaham Ltd bought a new stake in Ryder System during the 2nd quarter worth approximately $29,000. UMB Bank n.a. lifted its stake in Ryder System by 43.2% in the 3rd quarter. UMB Bank n.a. now owns 265 shares of the transportation company’s stock worth $39,000 after purchasing 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. 87.47% of the stock is currently owned by hedge funds and other institutional investors.

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.