Ryder System, Inc. (NYSE:R)’s share price reached a new 52-week low on Friday . The stock traded as low as $51.20 and last traded at $51.05, with a volume of 330880 shares. The stock had previously closed at $52.57.
Several equities analysts recently weighed in on the company. Deutsche Bank cut their price objective on Ryder System from $88.00 to $77.00 and set a “buy” rating for the company in a research report on Monday. Stifel Nicolaus raised Ryder System from a “hold” rating to a “buy” rating and cut their price objective for the stock from $81.00 to $69.00 in a research report on Thursday, November 29th. TheStreet cut Ryder System from a “b-” rating to a “c+” rating in a report on Friday, November 2nd. Mizuho reaffirmed a “buy” rating on shares of Ryder System in a report on Tuesday, October 30th. Finally, Stephens set a $64.00 price target on Ryder System and gave the company a “hold” rating in a report on Monday, October 29th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $77.73.
The company has a debt-to-equity ratio of 1.86, a current ratio of 0.67 and a quick ratio of 0.64. The firm has a market cap of $2.84 billion, a P/E ratio of 11.33 and a beta of 1.62.
Ryder System (NYSE:R) last posted its quarterly earnings results on Friday, October 26th. The transportation company reported $1.64 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.01). The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.11 billion. Ryder System had a net margin of 9.98% and a return on equity of 9.88%. The company’s revenue was up 17.2% on a year-over-year basis. During the same period last year, the company earned $1.33 EPS. As a group, equities research analysts predict that Ryder System, Inc. will post 5.79 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Shareholders of record on Monday, November 19th will be issued a $0.54 dividend. The ex-dividend date of this dividend is Friday, November 16th. This represents a $2.16 annualized dividend and a yield of 4.21%. Ryder System’s dividend payout ratio (DPR) is 47.68%.
In related news, Director David G. Nord acquired 2,000 shares of the stock in a transaction dated Thursday, November 8th. The shares were bought at an average cost of $57.24 per share, for a total transaction of $114,480.00. Following the purchase, the director now owns 3,990 shares in the company, valued at approximately $228,387.60. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John J. Gleason sold 12,795 shares of the company’s stock in a transaction that occurred on Tuesday, November 27th. The shares were sold at an average price of $55.14, for a total value of $705,516.30. The disclosure for this sale can be found here. Corporate insiders own 2.27% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Prudential Financial Inc. grew its stake in shares of Ryder System by 28.7% in the 3rd quarter. Prudential Financial Inc. now owns 619,218 shares of the transportation company’s stock valued at $45,247,000 after purchasing an additional 138,066 shares during the period. Cambridge Financial Group Inc. grew its position in Ryder System by 11.4% during the 2nd quarter. Cambridge Financial Group Inc. now owns 81,556 shares of the transportation company’s stock worth $5,861,000 after acquiring an additional 8,354 shares during the last quarter. LSV Asset Management grew its position in Ryder System by 5.8% during the 2nd quarter. LSV Asset Management now owns 1,889,814 shares of the transportation company’s stock worth $135,802,000 after acquiring an additional 102,980 shares during the last quarter. Wells Fargo & Company MN grew its position in Ryder System by 3.9% during the 2nd quarter. Wells Fargo & Company MN now owns 1,365,424 shares of the transportation company’s stock worth $98,119,000 after acquiring an additional 51,703 shares during the last quarter. Finally, Arizona State Retirement System grew its position in Ryder System by 2.9% during the 2nd quarter. Arizona State Retirement System now owns 36,863 shares of the transportation company’s stock worth $2,649,000 after acquiring an additional 1,053 shares during the last quarter. Institutional investors own 88.85% of the company’s stock.
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Ryder System Company Profile (NYSE:R)
Ryder System, Inc provides transportation and supply chain management solutions worldwide. The company operates through three segments: Fleet Management Solutions (FMS), Dedicated Transportation Solutions (DTS), and Supply Chain Solutions (SCS). 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 ancillary maintenance and fleet support services.
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