Ryder System’s (R) “Hold” Rating Reiterated at KeyCorp
Ryder System Inc. (NYSE:R)‘s stock had its “hold” rating reaffirmed by analysts at KeyCorp in a report issued on Sunday.
Other equities analysts have also recently issued research reports about the stock. Credit Agricole SA initiated coverage on shares of Ryder System in a research report on Friday, September 30th. They set a “buy” rating and a $80.00 price objective on the stock. Robert W. Baird restated a “buy” rating on shares of Ryder System in a report on Monday, June 13th. Zacks Investment Research upgraded shares of Ryder System from a “sell” rating to a “hold” rating in a report on Friday, September 23rd. Finally, Royal Bank Of Canada restated a “hold” rating on shares of Ryder System in a report on Monday, June 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $81.38.
Shares of Ryder System (NYSE:R) opened at 66.48 on Friday. The company has a market cap of $3.56 billion, a PE ratio of 12.00 and a beta of 1.63. Ryder System has a one year low of $45.12 and a one year high of $76.08. The stock’s 50 day moving average price is $65.46 and its 200-day moving average price is $65.81.
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Ryder System (NYSE:R) last released its quarterly earnings data on Wednesday, July 27th. The company reported $1.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.02. The company had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.70 billion. Ryder System had a net margin of 4.44% and a return on equity of 16.21%. The business’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.65 EPS. On average, analysts expect that Ryder System will post $5.97 EPS for the current year.
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 paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 2.65%. Ryder System’s payout ratio is currently 31.71%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in R. Vanguard Group Inc. increased its position in Ryder System by 2.8% in the second quarter. Vanguard Group Inc. now owns 5,078,018 shares of the company’s stock valued at $310,470,000 after buying an additional 139,673 shares during the period. Dimensional Fund Advisors LP increased its position in Ryder System by 8.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,875,885 shares of the company’s stock valued at $114,688,000 after buying an additional 139,260 shares during the period. Jennison Associates LLC acquired a new position in Ryder System during the second quarter valued at approximately $93,320,000. Fiduciary Management Inc. WI increased its position in Ryder System by 55.2% in the first quarter. Fiduciary Management Inc. WI now owns 1,142,910 shares of the company’s stock valued at $74,038,000 after buying an additional 406,634 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Ryder System by 39.5% in the second quarter. Bank of New York Mellon Corp now owns 817,427 shares of the company’s stock valued at $49,977,000 after buying an additional 231,300 shares during the period. 90.95% of the stock is owned by institutional investors.
About Ryder System
Ryder System, Inc is engaged in offering transportation and supply chain management solutions. The Company operates through three segments: Fleet Management Solutions (FMS), which provides full service leasing, commercial rental, contract maintenance and contract-related maintenance of trucks, tractors and trailers to customers in the United States, Canada and the United Kingdom; Dedicated Transportation Solutions (DTS), which provides vehicles and drivers as part of a dedicated transportation solution in the United States, and Supply Chain Solutions (SCS), which provides supply chain solutions, including distribution and transportation services in North America and Asia.
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