Ryder System (NYSE:R) Coverage Initiated at Barclays

Barclays began coverage on shares of Ryder System (NYSE:R - Free Report) in a report released on Monday, Marketbeat Ratings reports. The brokerage issued an overweight rating and a $190.00 price objective on the transportation company's stock.

A number of other equities research analysts have also commented on the company. Wall Street Zen lowered Ryder System from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. Stephens dropped 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. Finally, JPMorgan Chase & Co. reduced their price target on shares of Ryder System from $174.00 to $165.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $164.71.

Ryder System Trading Down 0.3%

Shares of R stock traded down $0.45 on Monday, reaching $149.60. The company had a trading volume of 319,464 shares, compared to its average volume of 325,785. The stock has a market cap of $6.18 billion, a PE ratio of 13.49 and a beta of 0.96. The company has a 50-day moving average of $145.18 and a 200-day moving average of $153.22. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.14. Ryder System has a 12 month low of $116.58 and a 12 month high of $171.78.

Ryder System (NYSE:R - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The transportation company reported $2.46 EPS for the quarter, beating the consensus estimate of $2.40 by $0.06. Ryder System had a net margin of 3.87% and a return on equity of 17.23%. The firm had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter in the prior year, the firm earned $2.14 earnings per share. The business's quarterly revenue was up 1.1% on a year-over-year basis. On average, equities analysts forecast that Ryder System will post 13.68 earnings per share for the current year.

Ryder System Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, May 19th will be issued a $0.81 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.17%. Ryder System's dividend payout ratio (DPR) is presently 28.25%.

Insider Activity

In other Ryder System news, CEO Robert E. Sanchez sold 18,496 shares of Ryder System 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 now directly owns 40,824 shares of the company's stock, valued at $6,357,521.52. The trade was a 31.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director E Follin Smith sold 1,243 shares of the firm's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $144.38, for a total transaction of $179,464.34. Following the transaction, the director now directly owns 39,802 shares in the company, valued at approximately $5,746,612.76. This represents a 3.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. SBI Securities Co. Ltd. bought a new stake in Ryder System during the 4th quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Ryder System during the first quarter valued at about $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 purchasing an additional 120 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Ryder System by 61.2% in the first quarter. Geneos Wealth Management Inc. now owns 287 shares of the transportation company's stock valued at $41,000 after buying an additional 109 shares during the period. Finally, Principal Securities Inc. increased its stake in shares of Ryder System by 36.5% in the fourth quarter. Principal Securities Inc. now owns 344 shares of the transportation company's stock valued at $54,000 after buying an additional 92 shares during the period. Institutional investors and hedge funds 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.