Ryder System (NYSE:R – Get Rating) updated its second quarter 2022 earnings guidance on Friday. The company provided EPS guidance of $3.90-$4.15 for the period, compared to the consensus EPS estimate of $3.71. The company issued revenue guidance of -. Ryder System also updated its FY 2022 guidance to $13.40-$14.40 EPS.
A number of brokerages have issued reports on R. JPMorgan Chase & Co. reduced their target price on Ryder System from $88.00 to $71.00 and set a neutral rating on the stock in a report on Friday, April 8th. Wolfe Research upgraded Ryder System from an underperform rating to a peer perform rating in a report on Monday, June 6th. Stephens raised their target price on Ryder System from $92.00 to $94.00 and gave the stock an equal weight rating in a report on Thursday, February 17th. StockNews.com cut Ryder System from a strong-buy rating to a buy rating in a report on Monday, April 4th. Finally, Stifel Nicolaus lifted their price objective on Ryder System from $80.00 to $90.00 in a report on Monday, June 6th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $87.67.
NYSE:R opened at $71.55 on Friday. Ryder System has a fifty-two week low of $61.71 and a fifty-two week high of $93.05. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.59 and a quick ratio of 0.57. The stock has a market capitalization of $3.66 billion, a PE ratio of 5.94 and a beta of 1.76. The business’s 50-day simple moving average is $74.13 and its 200-day simple moving average is $76.70.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 17th. Shareholders of record on Monday, May 23rd will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 3.24%. The ex-dividend date is Friday, May 20th. Ryder System’s payout ratio is 19.27%.
In other Ryder System news, CMO Karen M. Jones sold 7,269 shares of the business’s stock in a transaction that occurred on Wednesday, May 4th. The stock was sold at an average price of $73.63, for a total transaction of $535,216.47. Following the transaction, the chief marketing officer now owns 6,963 shares of the company’s stock, valued at approximately $512,685.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Luis P. Nieto, Jr. sold 2,220 shares of the business’s stock in a transaction that occurred on Monday, May 9th. The stock was sold at an average price of $73.28, for a total value of $162,681.60. Following the transaction, the director now directly owns 26,939 shares in the company, valued at approximately $1,974,089.92. The disclosure for this sale can be found here. Insiders own 3.50% of the company’s stock.
Several large investors have recently bought and sold shares of R. Vanguard Group Inc. increased its holdings in shares of Ryder System by 7.9% during the 1st quarter. Vanguard Group Inc. now owns 5,735,585 shares of the transportation company’s stock worth $455,004,000 after acquiring an additional 421,132 shares during the last quarter. State Street Corp increased its holdings in shares of Ryder System by 5.9% during the 1st quarter. State Street Corp now owns 1,825,239 shares of the transportation company’s stock worth $144,796,000 after acquiring an additional 101,962 shares during the last quarter. Morgan Stanley increased its holdings in shares of Ryder System by 55.3% during the 2nd quarter. Morgan Stanley now owns 580,303 shares of the transportation company’s stock worth $43,135,000 after acquiring an additional 206,653 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Ryder System by 4.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 386,182 shares of the transportation company’s stock worth $30,636,000 after acquiring an additional 16,516 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of Ryder System by 12.4% during the 1st quarter. First Trust Advisors LP now owns 366,266 shares of the transportation company’s stock worth $29,056,000 after acquiring an additional 40,407 shares during the last quarter. 87.24% of the stock is currently owned by hedge funds and other institutional investors.
About Ryder System (Get Rating)
Ryder System, Inc operates as a logistics and transportation company worldwide. The company 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, 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 fleet support services.
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