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

Ryder System, Inc. (NYSE:R) has received a consensus rating of “Moderate Buy” from the seven analysts that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $147.43.

R has been the topic of several analyst reports. The Goldman Sachs Group upped their price objective on Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. StockNews.com cut Ryder System from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. cut 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.

Insider Activity at Ryder System

In related news, insider Thomas M. Havens sold 4,000 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now directly owns 20,504 shares in the company, valued at approximately $3,228,149.76. The trade was 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 this hyperlink. Corporate insiders own 5.10% of the company’s stock.

Hedge Funds Weigh In On Ryder System

A number of large investors have recently added to or reduced their stakes in R. Wolff Wiese Magana LLC bought a new position in shares of Ryder System during the 3rd quarter worth approximately $28,000. Altshuler Shaham Ltd acquired a new position in Ryder System during the second quarter worth $29,000. Wilmington Savings Fund Society FSB bought a new position in Ryder System in the third quarter valued at $34,000. UMB Bank n.a. increased 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 valued at $39,000 after buying an additional 80 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new stake in Ryder System during the 2nd quarter worth about $51,000. Institutional investors own 87.47% of the company’s stock.

Ryder System Trading Down 0.2 %

Shares of NYSE:R opened at $156.48 on Friday. Ryder System has a 52-week low of $106.62 and a 52-week high of $171.78. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.74 and a current ratio of 0.74. The company has a market cap of $6.62 billion, a P/E ratio of 14.64 and a beta of 1.30. The stock’s 50-day moving average is $159.99 and its 200-day moving average is $144.46.

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

Ryder System Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Monday, November 18th were given a $0.81 dividend. The ex-dividend date was Monday, November 18th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.07%. Ryder System’s dividend 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.