Ryder System, Inc. (NYSE:R) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Ryder System, Inc. has received a consensus recommendation of "Moderate Buy" from analysts, with an average one-year target price set at $186.50.
• The company reported $3.32 earnings per share for the last quarter, exceeding analyst expectations and showing a revenue of $3.19 billion.
• Ryder System recently increased its quarterly dividend to $0.91 per share, resulting in a yield of 2.0% for investors.

Shares of Ryder System, Inc. (NYSE:R - Get Free Report) have been assigned an average rating of "Moderate Buy" from the nine ratings firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $186.50.

A number of analysts have commented on the company. Morgan Stanley boosted their target price on Ryder System from $175.00 to $190.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Stephens boosted their target price on Ryder System from $150.00 to $190.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 29th. Susquehanna assumed coverage on Ryder System in a research report on Tuesday, July 15th. They set a "positive" rating and a $215.00 target price on the stock. Barclays assumed coverage on Ryder System in a research report on Monday, June 9th. They set an "overweight" rating and a $190.00 target price on the stock. Finally, Baird R W upgraded Ryder System to a "strong-buy" rating in a research report on Tuesday, July 1st.

Ryder System Price Performance

Shares of NYSE R opened at $179.94 on Friday. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.82 and a current ratio of 0.82. Ryder System has a fifty-two week low of $125.54 and a fifty-two week high of $184.76. The firm has a market capitalization of $7.34 billion, a PE ratio of 15.30 and a beta of 1.00. The stock's 50-day simple moving average is $168.16 and its 200-day simple moving average is $155.55.

Ryder System (NYSE:R - Get Free Report) last issued its earnings results on Thursday, July 24th. The transportation company reported $3.32 earnings per share for the quarter, topping the consensus estimate of $3.11 by $0.21. The business had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.17 billion. Ryder System had a return on equity of 17.83% and a net margin of 3.99%. The business's quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the company earned $3.00 EPS. As a group, equities research analysts forecast that Ryder System will post 13.68 EPS for the current fiscal year.

Ryder System Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Monday, August 18th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 2.0%. The ex-dividend date is Monday, August 18th. This is a positive change from Ryder System's previous quarterly dividend of $0.81. Ryder System's dividend payout ratio is currently 27.55%.

Insiders Place Their Bets

In other Ryder System news, CFO Cristina Gallo-Aquino sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $180.87, for a total value of $180,870.00. Following the completion of the transaction, the chief financial officer owned 26,561 shares of the company's stock, valued at $4,804,088.07. This represents a 3.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Thomas M. Havens sold 6,500 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $181.77, for a total value of $1,181,505.00. Following the completion of the transaction, the insider directly owned 32,478 shares of the company's stock, valued at approximately $5,903,526.06. This trade represents a 16.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 54,082 shares of company stock worth $9,340,250 in the last 90 days. 5.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of R. Valeo Financial Advisors LLC boosted its position in shares of Ryder System by 51,455.2% in the 2nd quarter. Valeo Financial Advisors LLC now owns 2,868,534 shares of the transportation company's stock worth $456,097,000 after purchasing an additional 2,862,970 shares during the last quarter. Norges Bank bought a new position in shares of Ryder System in the 2nd quarter worth $103,814,000. Wellington Management Group LLP raised its stake in Ryder System by 16.2% during the 1st quarter. Wellington Management Group LLP now owns 2,984,836 shares of the transportation company's stock worth $429,249,000 after buying an additional 415,103 shares during the period. Leigh Baldwin & CO. LLC acquired a new stake in Ryder System during the 4th quarter worth $40,475,000. Finally, GAMMA Investing LLC raised its stake in Ryder System by 20,298.3% during the 1st quarter. GAMMA Investing LLC now owns 183,789 shares of the transportation company's stock worth $26,431,000 after buying an additional 182,888 shares during the period. 87.47% of the stock is currently owned by institutional investors.

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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