Ryder System, Inc. (NYSE:R) Given Average Rating of “Moderate Buy” by Brokerages

Ryder System, Inc. (NYSE:R) has received an average recommendation of “Moderate Buy” from the seven brokerages that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $147.43.

R has been the topic of a number of research analyst reports. The Goldman Sachs Group upped their target price on shares of Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a report on Thursday, December 12th. StockNews.com lowered Ryder System from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. Finally, JPMorgan Chase & Co. reduced their target price on Ryder System from $148.00 to $144.00 and set a “neutral” rating for the company in a research note on Friday, October 25th.

Insider Transactions at Ryder System

In related news, insider Thomas M. Havens sold 4,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $157.44, for a total value of $629,760.00. Following the transaction, the insider now directly owns 20,504 shares in the company, valued at approximately $3,228,149.76. This represents a 16.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 5.10% of the company’s stock.

Institutional Trading of Ryder System

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Wolff Wiese Magana LLC acquired a new position in Ryder System in the 3rd quarter valued at $28,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Ryder System during the 3rd quarter worth $34,000. Altshuler Shaham Ltd bought a new position in shares of Ryder System in the second quarter worth $29,000. UMB Bank n.a. raised its stake in Ryder System by 43.2% in the third quarter. UMB Bank n.a. now owns 265 shares of the transportation company’s stock valued at $39,000 after purchasing an additional 80 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new stake in Ryder System during the second quarter worth about $51,000. Institutional investors and hedge funds own 87.47% of the company’s stock.

Ryder System Stock Down 0.2 %

NYSE:R opened at $156.48 on Friday. Ryder System has a twelve month low of $106.62 and a twelve month high of $171.78. The firm has a market capitalization of $6.62 billion, a price-to-earnings ratio of 14.64 and a beta of 1.30. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.17. The stock’s 50 day moving average price is $159.99 and its two-hundred day moving average price is $144.46.

Ryder System (NYSE:R) last issued its earnings results on Thursday, October 24th. The transportation company reported $3.44 earnings per share for the quarter, topping analysts’ consensus estimates of $3.39 by $0.05. The business had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.29 billion. Ryder System had a net margin of 3.83% and a return on equity of 16.78%. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the previous year, the company earned $3.58 earnings per share. Equities research analysts expect that Ryder System will post 12.01 earnings per share for the current fiscal year.

Ryder System Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Monday, November 18th were given a dividend of $0.81 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $3.24 annualized dividend and a yield of 2.07%. Ryder System’s dividend payout ratio (DPR) is presently 30.31%.

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.