Ryder System, Inc. (NYSE:R - Get Free Report) has earned an average rating of "Hold" from the six research firms that are presently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $116.00.
A number of research firms have weighed in on R. JPMorgan Chase & Co. raised their price objective on shares of Ryder System from $117.00 to $120.00 and gave the company a "neutral" rating in a research note on Thursday, February 15th. Vertical Research lowered shares of Ryder System from a "buy" rating to a "hold" rating and set a $120.00 price objective on the stock. in a research note on Wednesday, January 10th. Wells Fargo & Company raised their price objective on shares of Ryder System from $100.00 to $120.00 and gave the company an "equal weight" rating in a research note on Thursday, February 15th. Stephens increased their target price on shares of Ryder System from $110.00 to $113.00 and gave the company an "equal weight" rating in a report on Thursday, February 15th. Finally, StockNews.com downgraded shares of Ryder System from a "buy" rating to a "hold" rating in a report on Thursday, March 28th.
Check Out Our Latest Report on Ryder System
Ryder System Stock Up 1.3 %
NYSE R traded up $1.48 on Wednesday, hitting $119.51. 196,704 shares of the company were exchanged, compared to its average volume of 261,713. The company has a market cap of $5.29 billion, a PE ratio of 13.52 and a beta of 1.40. Ryder System has a 12 month low of $76.15 and a 12 month high of $120.93. The stock has a fifty day moving average of $114.58 and a 200-day moving average of $109.35. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.80.
Ryder System (NYSE:R - Get Free Report) last issued its earnings results on Wednesday, February 14th. The transportation company reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.75 by $0.20. The business had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.98 billion. Ryder System had a net margin of 3.45% and a return on equity of 19.68%. Ryder System's revenue was down 2.1% on a year-over-year basis. During the same period in the prior year, the firm earned $3.89 earnings per share. As a group, analysts forecast that Ryder System will post 11.9 earnings per share for the current year.
Ryder System Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 20th were given a dividend of $0.71 per share. The ex-dividend date was Friday, February 16th. This represents a $2.84 dividend on an annualized basis and a yield of 2.38%. Ryder System's dividend payout ratio is presently 32.53%.
Insiders Place Their Bets
In other Ryder System news, CMO Karen M. Jones sold 7,737 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $113.48, for a total transaction of $877,994.76. Following the completion of the transaction, the chief marketing officer now owns 12,396 shares in the company, valued at $1,406,698.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 5.10% of the company's stock.
Hedge Funds Weigh In On Ryder System
A number of large investors have recently modified their holdings of the company. Headlands Technologies LLC bought a new stake in Ryder System during the third quarter valued at approximately $26,000. Contravisory Investment Management Inc. purchased a new position in shares of Ryder System during the fourth quarter worth approximately $26,000. Fortis Capital Advisors LLC raised its stake in shares of Ryder System by 2,716.7% during the first quarter. Fortis Capital Advisors LLC now owns 338 shares of the transportation company's stock worth $30,000 after acquiring an additional 326 shares in the last quarter. GAMMA Investing LLC purchased a new position in shares of Ryder System during the fourth quarter worth approximately $45,000. Finally, CWM LLC raised its stake in shares of Ryder System by 33.9% during the third quarter. CWM LLC now owns 438 shares of the transportation company's stock worth $47,000 after acquiring an additional 111 shares in the last quarter. 87.47% of the stock is currently owned by institutional investors.
Ryder System Company Profile
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Get Free ReportRyder 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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