Ryder System, Inc. (NYSE:R) – KeyCorp raised their FY2018 earnings estimates for shares of Ryder System in a research report issued to clients and investors on Wednesday. KeyCorp analyst T. Fowler now forecasts that the transportation company will earn $5.35 per share for the year, up from their prior estimate of $5.10. KeyCorp has a “Overweight” rating on the stock.

Other equities research analysts have also recently issued reports about the company. BidaskClub cut Ryder System from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Zacks Investment Research upgraded Ryder System from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a research note on Friday, July 7th. ValuEngine upgraded Ryder System from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Buckingham Research started coverage on Ryder System in a research note on Monday, August 21st. They set a “buy” rating and a $85.00 target price on the stock. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $68.00 target price on shares of Ryder System in a research note on Tuesday, September 5th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $77.17.

ILLEGAL ACTIVITY NOTICE: “KeyCorp Weighs in on Ryder System, Inc.’s FY2018 Earnings (R)” was published by American Banking News and is owned by of American Banking News. If you are viewing this news story on another site, it was illegally copied and republished in violation of United States & international trademark & copyright laws. The original version of this news story can be viewed at https://www.americanbankingnews.com/2017/09/15/keycorp-weighs-in-on-ryder-system-inc-s-fy2018-earnings-r.html.

Ryder System (NYSE R) traded down 0.29% during trading on Friday, hitting $79.26. 173,720 shares of the company’s stock traded hands. The company’s 50 day moving average price is $74.83 and its 200 day moving average price is $72.19. Ryder System has a 52-week low of $62.03 and a 52-week high of $85.42. The company has a market cap of $4.20 billion, a PE ratio of 19.08 and a beta of 1.37.

Ryder System (NYSE:R) last released its quarterly earnings data on Wednesday, July 26th. The transportation company reported $1.00 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.07. Ryder System had a net margin of 3.17% and a return on equity of 11.71%. The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same period in the previous year, the company earned $1.56 earnings per share. The company’s quarterly revenue was up 5.3% on a year-over-year basis.

A number of institutional investors have recently made changes to their positions in R. Bank of Nova Scotia purchased a new position in Ryder System during the 1st quarter valued at about $830,000. Prudential Financial Inc. grew its holdings in Ryder System by 3.6% during the 1st quarter. Prudential Financial Inc. now owns 229,255 shares of the transportation company’s stock valued at $17,295,000 after buying an additional 8,000 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in Ryder System by 155.2% during the 2nd quarter. Canada Pension Plan Investment Board now owns 159,988 shares of the transportation company’s stock valued at $11,516,000 after buying an additional 97,300 shares in the last quarter. Mason Street Advisors LLC grew its holdings in Ryder System by 1.0% during the 1st quarter. Mason Street Advisors LLC now owns 7,389 shares of the transportation company’s stock valued at $557,000 after buying an additional 75 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Ryder System by 11.4% during the 1st quarter. Geode Capital Management LLC now owns 551,479 shares of the transportation company’s stock valued at $41,559,000 after buying an additional 56,642 shares in the last quarter. Institutional investors and hedge funds own 89.54% of the company’s stock.

In related news, CEO Robert E. Sanchez sold 26,275 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $72.43, for a total value of $1,903,098.25. Following the sale, the chief executive officer now directly owns 107,237 shares in the company, valued at approximately $7,767,175.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John S. Sensing sold 4,502 shares of the business’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $73.01, for a total value of $328,691.02. The disclosure for this sale can be found here. Insiders sold a total of 40,427 shares of company stock worth $2,933,827 over the last 90 days. 1.95% of the stock is currently owned by company insiders.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Monday, August 21st will be paid a $0.46 dividend. This is a boost from Ryder System’s previous quarterly dividend of $0.44. This represents a $1.84 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Thursday, August 17th. Ryder System’s payout ratio is currently 44.12%.

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.

Earnings History and Estimates for Ryder System (NYSE:R)

Receive News & Ratings for Ryder System Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ryder System Inc. and related companies with MarketBeat.com's FREE daily email newsletter.