Ryder System, Inc. (NYSE:R – Get Free Report) has been given a consensus rating of “Moderate Buy” by the five analysts that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $168.60.
A number of research firms have recently issued reports on R. JPMorgan Chase & Co. cut their price objective on shares of Ryder System from $174.00 to $165.00 and set a “neutral” rating on the stock in a research report on Thursday, April 24th. Barclays started coverage on shares of Ryder System in a report on Monday, June 9th. They issued an “overweight” rating and a $190.00 target price on the stock. Wall Street Zen lowered shares of Ryder System from a “buy” rating to a “hold” rating in a report on Wednesday, March 26th. Finally, Stephens lowered their target price on shares of Ryder System from $168.00 to $150.00 and set an “equal weight” rating on the stock in a report on Friday, April 25th.
Get Our Latest Analysis on Ryder System
Ryder System Stock Up 1.4%
Ryder System (NYSE:R – Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $2.46 earnings per share for the quarter, beating analysts’ consensus estimates of $2.40 by $0.06. The business had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.17 billion. Ryder System had a return on equity of 17.64% and a net margin of 3.96%. Ryder System’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.14 earnings per share. On average, equities analysts predict that Ryder System will post 13.68 EPS for the current fiscal year.
Ryder System Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Monday, May 19th were issued a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend was Monday, May 19th. Ryder System’s payout ratio is 28.25%.
Insider Transactions at Ryder System
In other Ryder System news, Director E Follin Smith sold 1,243 shares of the business’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $144.38, for a total value of $179,464.34. Following the completion of the sale, the director now directly owns 39,802 shares of the company’s stock, valued at $5,746,612.76. The trade was a 3.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Robert E. Sanchez sold 18,496 shares of the business’s stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $155.73, for a total transaction of $2,880,382.08. Following the completion of the transaction, the chief executive officer now owns 40,824 shares in the company, valued at $6,357,521.52. The trade was a 31.18% decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Ryder System
A number of hedge funds have recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in Ryder System during the fourth quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Ryder System during the first quarter worth about $26,000. TCTC Holdings LLC boosted its stake in Ryder System by 116.5% during the first quarter. TCTC Holdings LLC now owns 223 shares of the transportation company’s stock worth $32,000 after acquiring an additional 120 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in Ryder System by 61.2% during the first quarter. Geneos Wealth Management Inc. now owns 287 shares of the transportation company’s stock worth $41,000 after acquiring an additional 109 shares in the last quarter. Finally, Principal Securities Inc. boosted its stake in Ryder System by 36.5% during the fourth quarter. Principal Securities Inc. now owns 344 shares of the transportation company’s stock worth $54,000 after acquiring an additional 92 shares in the last quarter. Hedge funds and other institutional investors own 87.47% of the company’s stock.
Ryder System Company Profile
Ryder System, Inc operates as a logistics and transportation company worldwide. It operates through three segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Transportation Solutions (DTS). The FMS segment offers full-service leasing and leasing with flexible maintenance options; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers; access to diesel fuel; and fuel planning and tax reporting, cards, and monitoring services, and centralized billing, as well as sells used vehicles through its retail sales centers and www.ryder.com/used-trucks website, as well as digital and technology support services.
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