StockNews.com Lowers Ryder System (NYSE:R) to Buy

StockNews.com cut shares of Ryder System (NYSE:RGet Rating) from a strong-buy rating to a buy rating in a research note published on Tuesday.

Several other analysts have also recently commented on R. Robert W. Baird lifted their price target on Ryder System to $87.00 in a report on Thursday, October 27th. Stephens lifted their price target on Ryder System from $86.00 to $91.00 and gave the company an equal weight rating in a report on Thursday, October 27th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of Hold and an average price target of $84.00.

Ryder System Trading Up 0.7 %

Ryder System stock opened at $93.93 on Tuesday. The stock has a market cap of $4.72 billion, a PE ratio of 5.79 and a beta of 1.57. The stock has a 50-day moving average price of $80.24 and a 200 day moving average price of $77.94. Ryder System has a 52 week low of $61.71 and a 52 week high of $94.69. The company has a current ratio of 0.73, a quick ratio of 0.71 and a debt-to-equity ratio of 1.76.

Ryder System (NYSE:RGet Rating) last posted its quarterly earnings data on Wednesday, October 26th. The transportation company reported $4.45 EPS for the quarter, topping analysts’ consensus estimates of $3.70 by $0.75. The firm had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $2.96 billion. Ryder System had a return on equity of 29.45% and a net margin of 7.31%. The firm’s quarterly revenue was up 23.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.55 EPS. Equities research analysts predict that Ryder System will post 16.01 earnings per share for the current fiscal year.

Ryder System Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Monday, November 21st will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend is Friday, November 18th. Ryder System’s dividend payout ratio is currently 15.29%.

Insider Activity

In related news, EVP Robert D. Fatovic sold 16,808 shares of the business’s stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $81.26, for a total transaction of $1,365,818.08. Following the transaction, the executive vice president now directly owns 47,367 shares of the company’s stock, valued at approximately $3,849,042.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO John J. Diez sold 2,573 shares of the business’s stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $80.78, for a total transaction of $207,846.94. Following the transaction, the chief financial officer now directly owns 69,757 shares of the company’s stock, valued at approximately $5,634,970.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Robert D. Fatovic sold 16,808 shares of the business’s stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $81.26, for a total value of $1,365,818.08. Following the transaction, the executive vice president now directly owns 47,367 shares in the company, valued at $3,849,042.42. The disclosure for this sale can be found here. Insiders have sold 120,372 shares of company stock valued at $9,746,884 in the last three months. Corporate insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On Ryder System

Institutional investors have recently made changes to their positions in the business. CoreCap Advisors LLC acquired a new position in shares of Ryder System in the 2nd quarter valued at approximately $25,000. Signaturefd LLC increased its holdings in shares of Ryder System by 146.6% in the 1st quarter. Signaturefd LLC now owns 429 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 255 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new stake in shares of Ryder System in the 1st quarter valued at approximately $51,000. Charter Oak Capital Management LLC bought a new stake in shares of Ryder System in the 2nd quarter valued at approximately $54,000. Finally, Ellevest Inc. increased its holdings in shares of Ryder System by 818.9% in the 2nd quarter. Ellevest Inc. now owns 873 shares of the transportation company’s stock valued at $62,000 after acquiring an additional 778 shares during the last quarter. 87.88% of the stock is owned by institutional investors and hedge funds.

About Ryder System

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Ryder System, Inc operates as a logistics and transportation company worldwide. The company 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, as well as maintenance services, supplies, and related equipment for operation of the vehicles; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers, as well as fleet support services.

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Analyst Recommendations for Ryder System (NYSE:R)

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