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

Ryder System, Inc. (NYSE:R) has earned a consensus recommendation of “Moderate Buy” from the five analysts that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $168.60.

A number of research analysts recently commented on the company. JPMorgan Chase & Co. cut their target price on Ryder System from $174.00 to $165.00 and set a “neutral” rating for the company in a research note on Thursday, April 24th. Stephens lowered their price target on Ryder System from $168.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Friday, April 25th. Barclays assumed coverage on Ryder System in a research report on Monday, June 9th. They issued an “overweight” rating and a $190.00 price target on the stock. Finally, Wall Street Zen cut Ryder System from a “buy” rating to a “hold” rating in a research report on Wednesday, March 26th.

Ryder System Trading Up 2.0%

NYSE:R opened at $158.94 on Friday. The stock has a market cap of $6.57 billion, a PE ratio of 13.86 and a beta of 0.96. The stock’s 50-day moving average is $148.37 and its two-hundred day moving average is $152.09. Ryder System has a fifty-two week low of $117.17 and a fifty-two week high of $171.78. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.73 and a quick ratio of 0.73.

Ryder System (NYSE:R) last announced its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $2.46 EPS for the quarter, beating the consensus estimate of $2.40 by $0.06. Ryder System had a return on equity of 17.64% and a net margin of 3.96%. The business had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.17 billion. During the same quarter in the previous year, the business posted $2.14 EPS. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. As a group, equities research analysts forecast that Ryder System will post 13.68 earnings per share for the current fiscal year.

Ryder System Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Monday, May 19th were issued a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date was Monday, May 19th. Ryder System’s dividend payout ratio (DPR) is currently 28.25%.

Insider Activity

In related news, CEO Robert E. Sanchez sold 18,496 shares of Ryder System stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $155.73, for a total value of $2,880,382.08. Following the sale, the chief executive officer now owns 40,824 shares of the company’s stock, valued at approximately $6,357,521.52. This trade represents a 31.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director E Follin Smith sold 1,243 shares of Ryder System stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $144.38, for a total value of $179,464.34. Following the completion of the sale, the director now directly owns 39,802 shares in the company, valued at approximately $5,746,612.76. This represents a 3.03% decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. acquired a new position in shares of Ryder System during the 4th quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Ryder System during the 1st quarter worth approximately $26,000. TCTC Holdings LLC increased its position in shares of Ryder System by 116.5% during the 1st quarter. TCTC Holdings LLC now owns 223 shares of the transportation company’s stock worth $32,000 after purchasing an additional 120 shares during the last quarter. Geneos Wealth Management Inc. increased its position in shares of Ryder System by 61.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 287 shares of the transportation company’s stock worth $41,000 after purchasing an additional 109 shares during the last quarter. Finally, Principal Securities Inc. increased its position in shares of Ryder System by 36.5% during the 4th quarter. Principal Securities Inc. now owns 344 shares of the transportation company’s stock worth $54,000 after purchasing an additional 92 shares during the last quarter. Institutional investors and hedge funds 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.