ValuEngine cut shares of Ryder System, Inc. (NYSE:R) from a buy rating to a hold rating in a research report sent to investors on Friday.
A number of other brokerages also recently commented on R. Buckingham Research lifted their target price on shares of Ryder System from $92.00 to $93.00 and gave the stock a buy rating in a research note on Wednesday, October 25th. BidaskClub downgraded shares of Ryder System from a buy rating to a hold rating in a research note on Sunday, July 30th. Zacks Investment Research raised shares of Ryder System from a hold rating to a buy rating and set a $92.00 price target on the stock in a research note on Tuesday, October 31st. Aegis reissued a buy rating and issued a $91.00 price target (up from $84.00) on shares of Ryder System in a research note on Tuesday, October 10th. Finally, J P Morgan Chase & Co boosted their price target on shares of Ryder System from $69.00 to $82.00 and gave the company a neutral rating in a research note on Thursday, October 12th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $85.00.
Ryder System (NYSE R) opened at $78.92 on Friday. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.96 and a current ratio of 1.02. Ryder System has a 52 week low of $62.52 and a 52 week high of $85.50. The company has a market cap of $4,178.63, a PE ratio of 18.70, a price-to-earnings-growth ratio of 1.17 and a beta of 1.51.
Ryder System (NYSE:R) last issued its earnings results on Tuesday, October 24th. The transportation company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.04. Ryder System had a net margin of 2.75% and a return on equity of 10.72%. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the previous year, the firm earned $1.67 earnings per share. Ryder System’s quarterly revenue was up 7.2% compared to the same quarter last year. equities analysts predict that Ryder System will post 4.5 EPS for the current fiscal year.
TRADEMARK VIOLATION NOTICE: “ValuEngine Lowers Ryder System, Inc. (R) to Hold” was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this article on another website, it was stolen and reposted in violation of international copyright & trademark legislation. The legal version of this article can be accessed at https://ledgergazette.com/2017/11/13/valuengine-lowers-ryder-system-inc-r-to-hold.html.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Monday, November 20th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date is Friday, November 17th. Ryder System’s dividend payout ratio (DPR) is 49.86%.
In related news, CMO Karen M. Jones sold 4,790 shares of Ryder System stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $81.78, for a total value of $391,726.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dennis C. Cooke sold 32,328 shares of Ryder System stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $81.46, for a total transaction of $2,633,438.88. The disclosure for this sale can be found here. Insiders sold 41,620 shares of company stock valued at $3,353,856 in the last 90 days. Company insiders own 1.95% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. grew its holdings in Ryder System by 41.7% during the 2nd quarter. BlackRock Inc. now owns 5,010,932 shares of the transportation company’s stock worth $360,685,000 after acquiring an additional 1,475,138 shares in the last quarter. Fiduciary Management Inc. WI grew its holdings in Ryder System by 13.6% during the 2nd quarter. Fiduciary Management Inc. WI now owns 1,211,960 shares of the transportation company’s stock worth $87,237,000 after acquiring an additional 145,219 shares in the last quarter. Schroder Investment Management Group grew its holdings in Ryder System by 22.6% during the 3rd quarter. Schroder Investment Management Group now owns 1,073,478 shares of the transportation company’s stock worth $90,182,000 after acquiring an additional 198,098 shares in the last quarter. Westfield Capital Management Co. LP grew its holdings in Ryder System by 13.8% during the 2nd quarter. Westfield Capital Management Co. LP now owns 844,807 shares of the transportation company’s stock worth $60,809,000 after acquiring an additional 102,324 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Ryder System by 6.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 820,490 shares of the transportation company’s stock worth $59,058,000 after acquiring an additional 51,763 shares in the last quarter. Hedge funds and other institutional investors own 88.85% of the company’s stock.
About Ryder System
Ryder System, Inc is engaged in offering transportation and supply chain management solutions. The Company operates through three segments: Fleet Management Solutions (FMS), which provides leasing, commercial rental, contract maintenance, and contract-related maintenance of trucks, tractors and trailers to customers principally in the United States, Canada and the United Kingdom; Dedicated Transportation Solutions (DTS), which provides vehicles and drivers as part of a dedicated transportation solution in the United States, and Supply Chain Solutions (SCS), which provides supply chain solutions, including distribution and transportation services in North America and Asia.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Ryder System Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ryder System Inc. and related companies with MarketBeat.com's FREE daily email newsletter.