Ryder System, Inc. (NYSE:R) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Ryder System, Inc. (NYSE:R) have earned a consensus rating of “Hold” from the ten brokerages that are covering the firm, Marketbeat reports. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $75.75.
A number of research firms have recently issued reports on R. BidaskClub upgraded shares of Ryder System from a “hold” rating to a “buy” rating in a report on Wednesday. Zacks Investment Research downgraded shares of Ryder System from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Seaport Global Securities began coverage on shares of Ryder System in a report on Friday, April 21st. They issued a “neutral” rating on the stock. ValuEngine upgraded shares of Ryder System from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. Finally, Stephens downgraded shares of Ryder System from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $81.00 to $71.00 in a report on Wednesday, April 26th.
In related news, insider Dennis C. Cooke sold 9,650 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $72.75, for a total transaction of $702,037.50. Following the transaction, the insider now directly owns 2,883 shares in the company, valued at $209,738.25. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Robert E. Sanchez sold 26,275 shares of the business’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $72.43, for a total transaction of $1,903,098.25. Following the transaction, the chief executive officer now owns 107,237 shares in the company, valued at $7,767,175.91. The disclosure for this sale can be found here. 1.95% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the company. BlueMountain Capital Management LLC bought a new position in Ryder System during the second quarter worth approximately $109,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Ryder System by 8.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,953 shares of the transportation company’s stock worth $141,000 after buying an additional 156 shares during the period. JFS Wealth Advisors LLC boosted its position in Ryder System by 1.1% in the second quarter. JFS Wealth Advisors LLC now owns 2,160 shares of the transportation company’s stock worth $156,000 after buying an additional 24 shares during the period. 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 during the period. Finally, Edmond DE Rothschild Holding S.A. boosted its position in Ryder System by 94.7% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 2,550 shares of the transportation company’s stock worth $183,000 after buying an additional 1,240 shares during the period. Institutional investors and hedge funds own 92.87% of the company’s stock.
Ryder System (NYSE:R) opened at 71.48 on Friday. Ryder System has a 1-year low of $62.03 and a 1-year high of $85.42. The firm has a 50-day moving average of $72.38 and a 200 day moving average of $72.24. The firm has a market cap of $3.79 billion, a price-to-earnings ratio of 17.21 and a beta of 1.39.
Ryder System (NYSE:R) last announced its earnings results on Wednesday, July 26th. The transportation company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.93 by $0.07. The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.76 billion. Ryder System had a net margin of 3.17% and a return on equity of 11.71%. The business’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period last year, the company posted $1.56 EPS. Analysts expect that Ryder System will post $4.44 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Monday, August 21st will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.57%. This is an increase from Ryder System’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Thursday, August 17th. Ryder System’s payout ratio is presently 42.21%.
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 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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