Ryder System, Inc. (NYSE:R) Receives Consensus Rating of “Moderate Buy” from Analysts

Ryder System, Inc. (NYSE:R) has earned a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $147.43.

A number of research analysts recently commented on R shares. JPMorgan Chase & Co. lowered their price target on shares of Ryder System from $148.00 to $144.00 and set a “neutral” rating for the company in a report on Friday, October 25th. The Goldman Sachs Group increased their price target on shares of Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a report on Thursday. Finally, StockNews.com downgraded shares of Ryder System from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th.

Ryder System Stock Down 0.6 %

R opened at $165.67 on Monday. The firm has a 50-day simple moving average of $157.10 and a two-hundred day simple moving average of $141.08. Ryder System has a 52 week low of $106.62 and a 52 week high of $171.78. The company has a market capitalization of $7.01 billion, a PE ratio of 15.50 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.

Ryder System (NYSE:R) last released its quarterly earnings data on Thursday, October 24th. The transportation company reported $3.44 EPS for the quarter, beating the consensus estimate of $3.39 by $0.05. Ryder System had a net margin of 3.83% and a return on equity of 16.78%. The business had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.29 billion. During the same quarter in the prior year, the firm earned $3.58 EPS. The business’s revenue was up 8.3% on a year-over-year basis. Analysts forecast that Ryder System will post 12.01 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 20th. Investors of record on Monday, November 18th will be given a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Monday, November 18th. Ryder System’s dividend payout ratio (DPR) is currently 30.31%.

Insider Transactions at Ryder System

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

Hedge Funds Weigh In On Ryder System

Hedge funds and other institutional investors have recently modified their holdings of the business. Kovitz Investment Group Partners LLC boosted its stake in shares of Ryder System by 376.5% during the third quarter. Kovitz Investment Group Partners LLC now owns 9,764 shares of the transportation company’s stock valued at $1,405,000 after purchasing an additional 7,715 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Ryder System by 83.0% in the third quarter. Janney Montgomery Scott LLC now owns 9,260 shares of the transportation company’s stock valued at $1,350,000 after acquiring an additional 4,200 shares in the last quarter. Algert Global LLC boosted its stake in Ryder System by 43.5% in the third quarter. Algert Global LLC now owns 25,547 shares of the transportation company’s stock valued at $3,725,000 after acquiring an additional 7,750 shares in the last quarter. Natixis Advisors LLC boosted its stake in Ryder System by 15.2% in the third quarter. Natixis Advisors LLC now owns 102,756 shares of the transportation company’s stock valued at $14,982,000 after acquiring an additional 13,586 shares in the last quarter. Finally, FMR LLC boosted its stake in Ryder System by 56.2% in the third quarter. FMR LLC now owns 781,519 shares of the transportation company’s stock valued at $113,945,000 after acquiring an additional 281,052 shares in the last quarter. 87.47% of the stock is currently owned by institutional investors.

About Ryder System

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.