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%.

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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.

Analyst Recommendations for Ryder System (NYSE:R)

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