Ryder System Target of Unusually Large Options Trading (NYSE:R)
Ryder System, Inc. (NYSE:R) was the recipient of unusually large options trading activity on Wednesday. Stock traders acquired 10,079 call options on the company. This is an increase of 1,107% compared to the average volume of 835 call options.
R has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Ryder System from a “sell” rating to a “hold” rating in a research report on Wednesday, April 12th. Seaport Global Securities initiated coverage on shares of Ryder System in a research report on Friday, April 21st. They set a “neutral” rating on the stock. BidaskClub raised shares of Ryder System from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. ValuEngine raised shares of Ryder System from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Finally, Stephens downgraded shares of Ryder System from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $81.00 to $71.00 in a research report on Wednesday, April 26th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $77.00.
Several large investors have recently modified their holdings of R. Bank of Nova Scotia acquired a new stake in shares of Ryder System during the first quarter worth $830,000. Point72 Asset Management L.P. acquired a new stake in shares of Ryder System during the first quarter worth $4,745,000. HighTower Advisors LLC raised its stake in shares of Ryder System by 103.4% in the first quarter. HighTower Advisors LLC now owns 5,938 shares of the transportation company’s stock worth $449,000 after buying an additional 3,018 shares during the last quarter. Gareth Morgan Investments Limited Partnership raised its stake in shares of Ryder System by 8.6% in the first quarter. Gareth Morgan Investments Limited Partnership now owns 33,958 shares of the transportation company’s stock worth $2,562,000 after buying an additional 2,689 shares during the last quarter. Finally, Jane Street Group LLC raised its stake in shares of Ryder System by 136.8% in the first quarter. Jane Street Group LLC now owns 10,240 shares of the transportation company’s stock worth $773,000 after buying an additional 5,915 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.
Shares of Ryder System (NYSE R) opened at 73.71 on Friday. Ryder System has a one year low of $59.57 and a one year high of $85.42. The stock has a market cap of $3.95 billion, a P/E ratio of 16.14 and a beta of 1.39. The stock’s 50 day moving average is $66.71 and its 200-day moving average is $72.92.
Ryder System (NYSE:R) last issued its quarterly earnings results on Tuesday, April 25th. The transportation company reported $0.82 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.84 by $0.02. Ryder System had a return on equity of 13.27% and a net margin of 3.55%. The business had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter in the previous year, the firm posted $1.12 EPS. Ryder System’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 year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 16th. Stockholders of record on Monday, May 22nd were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Thursday, May 18th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.39%. Ryder System’s payout ratio is 38.34%.
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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.
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