ValuEngine downgraded shares of Ryder System, Inc. (NYSE:R) from a buy rating to a hold rating in a research note issued to investors on Friday morning.
Other analysts have also recently issued research reports about the stock. Robert W. Baird reiterated an outperform rating and issued a $98.00 price objective (up previously from $84.00) on shares of Ryder System in a research note on Monday, October 2nd. Buckingham Research initiated coverage on shares of Ryder System in a research note on Monday, August 21st. They issued a buy rating and a $85.00 price objective for the company. KeyCorp upgraded shares of Ryder System from a sector weight rating to an overweight rating in a report on Wednesday, September 13th. Aegis restated a buy rating and set a $91.00 target price (up from $84.00) on shares of Ryder System in a report on Tuesday, October 10th. Finally, Stifel Nicolaus restated a hold rating and set a $68.00 target price on shares of Ryder System in a report on Tuesday, September 5th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $85.00.
Shares of Ryder System (NYSE R) opened at $79.35 on Friday. Ryder System has a 52 week low of $62.52 and a 52 week high of $85.50. The company has a market cap of $4,178.63, a price-to-earnings ratio of 18.70, a PEG ratio of 1.17 and a beta of 1.51. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 2.39.
Ryder System (NYSE:R) last announced its quarterly earnings data on Tuesday, October 24th. The transportation company reported $1.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.29 by $0.04. Ryder System had a net margin of 2.75% and a return on equity of 10.72%. The firm had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter last year, the business earned $1.67 earnings per share. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. equities research analysts expect that Ryder System will post 4.5 earnings per share for the current fiscal year.
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The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Monday, November 20th will be given a $0.46 dividend. The ex-dividend date of this dividend is Friday, November 17th. This represents a $1.84 annualized dividend and a dividend yield of 2.32%. Ryder System’s dividend payout ratio is presently 49.86%.
In other news, CMO Karen M. Jones sold 4,790 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $81.78, for a total transaction of $391,726.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Dennis C. Cooke sold 32,328 shares of the business’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $81.46, for a total transaction of $2,633,438.88. The disclosure for this sale can be found here. Insiders sold 41,620 shares of company stock worth $3,353,856 over the last three months. Corporate insiders own 1.95% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp increased its stake in shares of Ryder System by 6.7% in the second quarter. Bank of New York Mellon Corp now owns 820,490 shares of the transportation company’s stock worth $59,058,000 after buying an additional 51,763 shares during the last quarter. Cipher Capital LP increased its stake in shares of Ryder System by 152.2% in the second quarter. Cipher Capital LP now owns 21,794 shares of the transportation company’s stock worth $1,569,000 after buying an additional 13,153 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in shares of Ryder System by 155.2% in the second quarter. Canada Pension Plan Investment Board now owns 159,988 shares of the transportation company’s stock worth $11,516,000 after buying an additional 97,300 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Ryder System by 10.9% in the second quarter. Goldman Sachs Group Inc. now owns 643,399 shares of the transportation company’s stock worth $46,312,000 after buying an additional 63,055 shares during the last quarter. Finally, Schroder Investment Management Group increased its stake in shares of Ryder System by 20.1% in the second quarter. Schroder Investment Management Group now owns 875,380 shares of the transportation company’s stock worth $62,896,000 after buying an additional 146,745 shares during the last quarter. 88.85% of the stock is currently owned by institutional investors and hedge funds.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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