Ryder System, Inc. (NYSE:R) Receives Consensus Recommendation of “Hold” from Analysts

Ryder System, Inc. (NYSE:RGet Rating) has earned an average recommendation of “Hold” from the seven brokerages that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $84.00.

Several equities research analysts have recently issued reports on R shares. StockNews.com raised Ryder System from a “buy” rating to a “strong-buy” rating in a research note on Monday. Robert W. Baird lifted their price target on Ryder System to $87.00 in a report on Thursday, October 27th. Finally, Stephens boosted their target price on Ryder System from $86.00 to $91.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 27th.

Ryder System Stock Performance

Shares of R stock opened at $88.99 on Friday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.71 and a current ratio of 0.73. Ryder System has a fifty-two week low of $61.71 and a fifty-two week high of $89.97. The company has a market capitalization of $4.47 billion, a P/E ratio of 5.49 and a beta of 1.57. The stock has a 50 day moving average price of $78.68 and a two-hundred day moving average price of $77.29.

Ryder System (NYSE:RGet Rating) last released its earnings results on Wednesday, October 26th. The transportation company reported $4.45 EPS for the quarter, topping analysts’ consensus estimates of $3.70 by $0.75. Ryder System had a return on equity of 29.45% and a net margin of 7.31%. The firm had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $2.96 billion. During the same period in the prior year, the firm posted $2.55 earnings per share. The company’s quarterly revenue was up 23.4% on a year-over-year basis. Analysts expect that Ryder System will post 16.01 earnings per share for the current year.

Ryder System Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Monday, November 21st will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, November 18th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.79%. Ryder System’s payout ratio is 15.29%.

Insider Buying and Selling

In other news, CEO Robert E. Sanchez sold 89,325 shares of the business’s stock in a transaction on Monday, October 31st. The shares were sold at an average price of $80.78, for a total transaction of $7,215,673.50. Following the completion of the sale, the chief executive officer now directly owns 268,351 shares of the company’s stock, valued at approximately $21,677,393.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Ryder System news, CEO Robert E. Sanchez sold 89,325 shares of the business’s stock in a transaction on Monday, October 31st. The shares were sold at an average price of $80.78, for a total value of $7,215,673.50. Following the transaction, the chief executive officer now owns 268,351 shares in the company, valued at approximately $21,677,393.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO John J. Diez sold 2,573 shares of the business’s stock in a transaction on Monday, October 31st. The stock was sold at an average price of $80.78, for a total transaction of $207,846.94. Following the completion of the transaction, the chief financial officer now owns 69,757 shares in the company, valued at approximately $5,634,970.46. The disclosure for this sale can be found here. Insiders sold 120,372 shares of company stock worth $9,746,884 in the last ninety days. Insiders own 3.50% of the company’s stock.

Institutional Investors Weigh In On Ryder System

Hedge funds have recently made changes to their positions in the company. Profund Advisors LLC acquired a new position in Ryder System in the 1st quarter valued at $249,000. Fifth Third Bancorp increased its position in Ryder System by 14.8% in the 2nd quarter. Fifth Third Bancorp now owns 12,418 shares of the transportation company’s stock valued at $882,000 after acquiring an additional 1,600 shares in the last quarter. Treasurer of the State of North Carolina increased its position in Ryder System by 8.8% in the 2nd quarter. Treasurer of the State of North Carolina now owns 20,913 shares of the transportation company’s stock valued at $1,486,000 after acquiring an additional 1,685 shares in the last quarter. Versor Investments LP grew its position in shares of Ryder System by 142.3% during the 1st quarter. Versor Investments LP now owns 10,214 shares of the transportation company’s stock worth $810,000 after buying an additional 5,998 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its position in shares of Ryder System by 56.7% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 4,125 shares of the transportation company’s stock worth $285,000 after buying an additional 1,493 shares during the period. Hedge funds and other institutional investors own 87.88% of the company’s stock.

About Ryder System

(Get Rating)

Ryder System, Inc operates as a logistics and transportation company worldwide. The company 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, as well as maintenance services, supplies, and related equipment for operation of the vehicles; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers, as well as fleet support services.

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Analyst Recommendations for Ryder System (NYSE:R)

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