Ryder System, Inc. (NYSE:R) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Wednesday.

Other equities research analysts have also recently issued research reports about the stock. ValuEngine raised shares of Ryder System from a “hold” rating to a “buy” rating in a research report on Tuesday. Stephens cut shares of Ryder System from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $81.00 to $71.00 in a research report on Wednesday, April 26th. Zacks Investment Research raised shares of Ryder System from a “sell” rating to a “hold” rating in a research report on Wednesday, April 12th. Finally, Seaport Global Securities initiated coverage on shares of Ryder System in a research report on Friday, April 21st. They set a “neutral” rating for the company. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $75.75.

Ryder System (R) traded up 2.66% during trading on Wednesday, hitting $71.45. 1,179,535 shares of the stock traded hands. Ryder System has a 12 month low of $56.98 and a 12 month high of $85.42. The firm has a 50-day moving average price of $66.44 and a 200 day moving average price of $73.47. The firm has a market cap of $3.83 billion, a PE ratio of 15.64 and a beta of 1.26.

Ryder System (NYSE:R) last posted its earnings results on Tuesday, April 25th. The transportation company reported $0.82 EPS for the quarter, missing the Zacks’ consensus estimate of $0.84 by $0.02. Ryder System had a net margin of 3.55% and a return on equity of 13.27%. The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same period in the previous year, the company earned $1.12 EPS. The company’s revenue was up 7.3% on a year-over-year basis. On average, equities analysts forecast that Ryder System will post $4.35 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 16th. Investors of record on Monday, May 22nd were given a dividend of $0.44 per share. The ex-dividend date was Thursday, May 18th. This represents a $1.76 dividend on an annualized basis and a yield of 2.46%. Ryder System’s payout ratio is 38.34%.

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A number of large investors have recently bought and sold shares of the stock. Private Advisor Group LLC bought a new position in Ryder System during the first quarter worth about $116,000. Cantab Capital Partners LLP bought a new position in Ryder System during the fourth quarter worth about $128,000. LS Investment Advisors LLC boosted its position in Ryder System by 28.8% in the first quarter. LS Investment Advisors LLC now owns 2,473 shares of the transportation company’s stock worth $187,000 after buying an additional 553 shares in the last quarter. Boston Advisors LLC bought a new position in Ryder System during the first quarter worth about $224,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Ryder System by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,065 shares of the transportation company’s stock worth $228,000 after buying an additional 11 shares in the last quarter. 93.50% of the stock is owned by institutional investors.

Ryder System Company Profile

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 leasing, commercial rental, contract maintenance, and contract-related maintenance of trucks, tractors and trailers to customers principally 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.

Analyst Recommendations for Ryder System (NYSE:R)

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