Shares of Ryder System, Inc. (NYSE:R - Get Free Report) have been assigned an average rating of "Moderate Buy" from the five ratings firms that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $168.60.
Several equities analysts have recently issued reports on the stock. Barclays assumed coverage on shares of Ryder System in a report on Monday, June 9th. They set an "overweight" rating and a $190.00 target price for the company. JPMorgan Chase & Co. reduced their price objective on Ryder System from $174.00 to $165.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Wall Street Zen downgraded shares of Ryder System from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Finally, Stephens lowered their price target on Ryder System from $168.00 to $150.00 and set an "equal weight" rating for the company in a report on Friday, April 25th.
Check Out Our Latest Stock Analysis on R
Ryder System Stock Down 1.3%
NYSE R traded down $2.04 during trading hours on Friday, hitting $158.84. The company's stock had a trading volume of 255,228 shares, compared to its average volume of 323,787. The company's 50-day simple moving average is $149.30 and its two-hundred day simple moving average is $151.84. The company has a market capitalization of $6.57 billion, a PE ratio of 13.85 and a beta of 0.97. Ryder System has a 52 week low of $117.17 and a 52 week high of $171.78. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.21.
Ryder System (NYSE:R - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $2.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.40 by $0.06. The firm had revenue of $3.13 billion for the quarter, compared to analysts' expectations of $3.17 billion. Ryder System had a return on equity of 17.64% and a net margin of 3.96%. The company's revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period last year, the firm earned $2.14 earnings per share. Research analysts anticipate that Ryder System will post 13.68 EPS for the current fiscal year.
Ryder System Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Monday, May 19th were paid a $0.81 dividend. The ex-dividend date was Monday, May 19th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.04%. Ryder System's payout ratio is currently 28.25%.
Insider Transactions at Ryder System
In other Ryder System news, CEO Robert E. Sanchez sold 18,496 shares of the company's stock in a transaction on 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 directly owned 40,824 shares in the company, valued at approximately $6,357,521.52. This represents a 31.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director E Follin Smith sold 1,243 shares of Ryder System stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $144.38, for a total value of $179,464.34. Following the completion of the sale, the director owned 39,802 shares in the company, valued at approximately $5,746,612.76. The trade was a 3.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company's stock.
Hedge Funds Weigh In On Ryder System
A number of hedge funds have recently modified their holdings of the business. SBI Securities Co. Ltd. acquired a new position in shares of Ryder System during the 4th quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Ryder System in the 1st quarter valued at approximately $26,000. TCTC Holdings LLC grew its holdings in shares of 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 buying an additional 120 shares in the last quarter. Geneos Wealth Management Inc. increased 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 during the last quarter. Finally, Principal Securities Inc. increased its holdings in Ryder System by 36.5% in the 4th quarter. Principal Securities Inc. now owns 344 shares of the transportation company's stock valued at $54,000 after purchasing an additional 92 shares in the last quarter. 87.47% of the stock is currently owned by hedge funds and other 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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