Ryder System (NYSE:R) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Ryder System (NYSE:R) from a hold rating to a buy rating in a report released on Wednesday morning.

Several other research firms have also recently weighed in on R. JPMorgan Chase & Co. raised their price objective on shares of Ryder System from $120.00 to $126.00 and gave the company a neutral rating in a research report on Wednesday. The Goldman Sachs Group raised their price target on shares of Ryder System from $122.00 to $135.00 and gave the company a buy rating in a report on Wednesday. Stephens upped their price objective on Ryder System from $113.00 to $120.00 and gave the stock an equal weight rating in a report on Wednesday. Wells Fargo & Company increased their price target on shares of Ryder System from $100.00 to $120.00 and gave the company an equal weight rating in a research report on Thursday, February 15th. Finally, Robert W. Baird restated a buy rating and issued a $140.00 price target on shares of Ryder System in a report on Wednesday, January 3rd. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Hold and an average price target of $123.71.

Ryder System Stock Up 0.2 %

Shares of R opened at $122.21 on Wednesday. The company has a market capitalization of $5.41 billion, a P/E ratio of 15.91 and a beta of 1.40. Ryder System has a one year low of $76.15 and a one year high of $122.94. The business’s 50 day simple moving average is $114.49 and its 200-day simple moving average is $110.66. The company has a debt-to-equity ratio of 2.46, a current ratio of 1.11 and a quick ratio of 0.62.

Ryder System (NYSE:R) last posted its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.43. Ryder System had a return on equity of 18.38% and a net margin of 2.95%. The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.06 billion. During the same quarter in the previous year, the firm earned $2.81 earnings per share. The business’s revenue was up 4.9% on a year-over-year basis. As a group, sell-side analysts predict that Ryder System will post 11.9 EPS for the current fiscal year.

Ryder System Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 20th were issued a $0.71 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.32%. Ryder System’s dividend payout ratio (DPR) is 36.98%.

Insider Transactions at Ryder System

In other Ryder System news, CMO Karen M. Jones sold 7,737 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $113.48, for a total value of $877,994.76. Following the sale, the chief marketing officer now owns 12,396 shares in the company, valued at approximately $1,406,698.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 5.10% of the stock is owned by insiders.

Institutional Trading of Ryder System

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. SummerHaven Investment Management LLC raised its holdings in Ryder System by 1.2% during the fourth quarter. SummerHaven Investment Management LLC now owns 8,528 shares of the transportation company’s stock worth $981,000 after acquiring an additional 98 shares in the last quarter. CWM LLC increased its position in shares of Ryder System by 33.9% in the third quarter. CWM LLC now owns 438 shares of the transportation company’s stock worth $47,000 after purchasing an additional 111 shares during the period. Quent Capital LLC increased its stake in shares of Ryder System by 17.7% in the fourth quarter. Quent Capital LLC now owns 745 shares of the transportation company’s stock valued at $86,000 after buying an additional 112 shares during the period. Parallel Advisors LLC lifted its holdings in shares of Ryder System by 8.7% in the fourth quarter. Parallel Advisors LLC now owns 1,455 shares of the transportation company’s stock valued at $167,000 after purchasing an additional 116 shares in the last quarter. Finally, M&T Bank Corp increased its position in shares of Ryder System by 7.2% during the fourth quarter. M&T Bank Corp now owns 2,502 shares of the transportation company’s stock valued at $288,000 after acquiring an additional 167 shares during the last quarter. 87.47% of the stock is currently owned by institutional investors and hedge funds.

About Ryder System

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.