Ryder System, Inc. (NYSE:R) shares gapped down before the market opened on Monday . The stock had previously closed at $87.51, but opened at $84.74. Ryder System shares last traded at $76.43, with a volume of 2034800 shares trading hands.
A number of brokerages have recently commented on R. Zacks Investment Research raised shares of Ryder System from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a research report on Monday, January 15th. Stifel Nicolaus reaffirmed a “hold” rating and set a $86.00 price objective on shares of Ryder System in a research report on Thursday, January 18th. Buckingham Research upped their price objective on shares of Ryder System from $92.00 to $93.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. Finally, ValuEngine lowered shares of Ryder System from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $88.71.
The company has a debt-to-equity ratio of 1.91, a current ratio of 1.11 and a quick ratio of 0.96. The stock has a market cap of $4,046.79, a PE ratio of 5.13, a PEG ratio of 0.92 and a beta of 1.41.
Ryder System (NYSE:R) last posted its quarterly earnings results on Friday, February 16th. The transportation company reported $1.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $0.01. Ryder System had a net margin of 10.78% and a return on equity of 10.47%. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the prior year, the business posted $1.07 earnings per share. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. equities analysts anticipate that Ryder System, Inc. will post 5.57 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Tuesday, February 20th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 2.72%. The ex-dividend date is Friday, February 16th. This is a positive change from Ryder System’s previous quarterly dividend of $0.46. Ryder System’s dividend payout ratio is 12.36%.
Ryder System announced that its board has authorized a stock buyback program on Thursday, December 14th that permits the company to buyback 1,500,000 shares. This buyback authorization permits the transportation company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.
In other news, EVP Robert D. Fatovic sold 17,755 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $82.44, for a total transaction of $1,463,722.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.95% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of R. Bessemer Group Inc. grew its stake in shares of Ryder System by 369.7% during the fourth quarter. Bessemer Group Inc. now owns 1,832 shares of the transportation company’s stock valued at $154,000 after purchasing an additional 1,442 shares during the last quarter. SeaCrest Wealth Management LLC bought a new stake in shares of Ryder System during the fourth quarter valued at approximately $204,000. Alambic Investment Management L.P. bought a new stake in shares of Ryder System during the fourth quarter valued at approximately $210,000. Loews Corp bought a new stake in shares of Ryder System during the fourth quarter valued at approximately $210,000. Finally, King Luther Capital Management Corp bought a new stake in shares of Ryder System during the third quarter valued at approximately $221,000. 89.79% of the stock is owned by institutional investors.
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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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