Ryder System, Inc. (NYSE:R) had its price objective hoisted by Buckingham Research from $92.00 to $93.00 in a report published on Wednesday. They currently have a buy rating on the transportation company’s stock.
R has been the topic of several other reports. Zacks Investment Research upgraded shares of Ryder System from a hold rating to a buy rating and set a $92.00 target price on the stock in a report on Tuesday, September 26th. BidaskClub downgraded shares of Ryder System from a buy rating to a hold rating in a report on Sunday, July 30th. J P Morgan Chase & Co raised their target price on shares of Ryder System from $69.00 to $82.00 and gave the stock a neutral rating in a report on Thursday, October 12th. ValuEngine upgraded shares of Ryder System from a hold rating to a buy rating in a report on Friday, September 1st. Finally, Stifel Nicolaus restated a hold rating and set a $68.00 target price on shares of Ryder System in a report on Tuesday, September 5th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Ryder System has an average rating of Buy and an average target price of $85.00.
Ryder System (NYSE:R) traded up 2.00% during midday trading on Wednesday, hitting $83.13. 633,682 shares of the stock were exchanged. The firm has a market capitalization of $4.40 billion, a price-to-earnings ratio of 20.02 and a beta of 1.41. Ryder System has a one year low of $62.03 and a one year high of $85.50. The company has a 50 day moving average price of $81.80 and a 200 day moving average price of $73.69.
Ryder System (NYSE:R) last announced its quarterly earnings results on Tuesday, October 24th. The transportation company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.04. The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.80 billion. Ryder System had a net margin of 3.17% and a return on equity of 11.71%. Ryder System’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period last year, the company posted $1.67 EPS. Equities analysts anticipate that Ryder System will post $4.50 EPS for the current year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Monday, November 20th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Friday, November 17th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.21%. Ryder System’s dividend payout ratio (DPR) is presently 44.12%.
In related news, insider Dennis C. Cooke sold 9,650 shares of the firm’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $72.75, for a total value of $702,037.50. Following the completion of the transaction, the insider now directly owns 2,883 shares of the company’s stock, valued at $209,738.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider John S. Sensing sold 4,502 shares of the firm’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $73.01, for a total transaction of $328,691.02. The disclosure for this sale can be found here. Insiders sold 40,427 shares of company stock valued at $2,933,827 over the last three months. 1.95% of the stock is owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the business. BlueMountain Capital Management LLC bought a new stake in shares of Ryder System in the second quarter valued at about $109,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Ryder System by 8.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,953 shares of the transportation company’s stock valued at $141,000 after acquiring an additional 156 shares during the period. JFS Wealth Advisors LLC boosted its position in shares of Ryder System by 1.1% in the second quarter. JFS Wealth Advisors LLC now owns 2,160 shares of the transportation company’s stock valued at $156,000 after acquiring an additional 24 shares during the period. Edmond DE Rothschild Holding S.A. boosted its position in shares of Ryder System by 94.7% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 2,550 shares of the transportation company’s stock valued at $183,000 after acquiring an additional 1,240 shares during the period. Finally, Clear Investment Research LLC bought a new stake in shares of Ryder System in the second quarter valued at about $190,000. 88.67% of the stock is owned by hedge funds and other institutional investors.
Ryder System Company Profile
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.
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