Ryder System (NYSE:R) Upgraded to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Ryder System (NYSE:RGet Rating) from a buy rating to a strong-buy rating in a report issued on Monday.

Other equities research analysts have also recently issued reports about the stock. Stephens raised their target price on shares of Ryder System from $83.00 to $86.00 and gave the stock an equal weight rating in a research report on Thursday, July 28th. JPMorgan Chase & Co. dropped their target price on shares of Ryder System from $88.00 to $71.00 and set a neutral rating for the company in a research report on Friday, April 8th. Wells Fargo & Company raised their target price on shares of Ryder System from $68.00 to $81.00 and gave the stock an equal weight rating in a research report on Monday, June 6th. Stifel Nicolaus raised their target price on shares of Ryder System from $80.00 to $90.00 in a research report on Monday, June 6th. Finally, Wolfe Research raised shares of Ryder System from an underperform rating to a peer perform rating in a research report on Monday, June 6th. Five equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of Hold and an average price target of $86.33.

Ryder System Trading Down 1.2 %

Shares of R opened at $77.35 on Monday. The stock has a market capitalization of $3.96 billion, a P/E ratio of 5.54 and a beta of 1.71. The company has a quick ratio of 0.65, a current ratio of 0.67 and a debt-to-equity ratio of 1.83. The firm has a fifty day simple moving average of $75.07 and a two-hundred day simple moving average of $75.02. Ryder System has a twelve month low of $61.71 and a twelve month high of $93.05.

Ryder System (NYSE:RGet Rating) last announced its quarterly earnings results on Wednesday, July 27th. The transportation company reported $4.43 earnings per share for the quarter, beating the consensus estimate of $3.74 by $0.69. The business had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $2.88 billion. Ryder System had a net margin of 6.71% and a return on equity of 27.48%. The firm’s revenue for the quarter was up 27.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.40 EPS. On average, research analysts anticipate that Ryder System will post 14.82 EPS for the current year.

Ryder System Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 16th. Shareholders of record on Monday, August 22nd will be paid a dividend of $0.62 per share. This is a positive change from Ryder System’s previous quarterly dividend of $0.58. This represents a $2.48 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date is Friday, August 19th. Ryder System’s dividend payout ratio (DPR) is currently 16.61%.

Insider Buying and Selling at Ryder System

In other Ryder System news, CMO Karen M. Jones sold 7,269 shares of the firm’s stock in a transaction dated Wednesday, May 4th. The shares were sold at an average price of $73.63, for a total transaction of $535,216.47. Following the completion of the sale, the chief marketing officer now directly owns 6,963 shares in the company, valued at approximately $512,685.69. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, EVP Rajeev Ravindran sold 2,750 shares of the firm’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $77.60, for a total transaction of $213,400.00. Following the sale, the executive vice president now owns 12,661 shares of the company’s stock, valued at approximately $982,493.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CMO Karen M. Jones sold 7,269 shares of the firm’s stock in a transaction dated Wednesday, May 4th. The shares were sold at an average price of $73.63, for a total transaction of $535,216.47. Following the sale, the chief marketing officer now directly owns 6,963 shares in the company, valued at approximately $512,685.69. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,239 shares of company stock worth $911,298. 3.50% of the stock is owned by corporate insiders.

Institutional Trading of Ryder System

A number of institutional investors have recently made changes to their positions in R. Connable Office Inc. boosted its holdings in shares of Ryder System by 2.5% in the second quarter. Connable Office Inc. now owns 5,235 shares of the transportation company’s stock worth $372,000 after buying an additional 130 shares during the last quarter. Eqis Capital Management Inc. lifted its holdings in Ryder System by 3.2% during the first quarter. Eqis Capital Management Inc. now owns 4,854 shares of the transportation company’s stock valued at $385,000 after purchasing an additional 150 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in Ryder System by 2.6% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 6,832 shares of the transportation company’s stock valued at $563,000 after purchasing an additional 170 shares in the last quarter. Valeo Financial Advisors LLC lifted its holdings in Ryder System by 3.1% during the first quarter. Valeo Financial Advisors LLC now owns 5,791 shares of the transportation company’s stock valued at $459,000 after purchasing an additional 176 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in Ryder System by 2.4% during the fourth quarter. Pacer Advisors Inc. now owns 7,759 shares of the transportation company’s stock valued at $640,000 after purchasing an additional 184 shares in the last quarter. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Ryder System Company Profile

(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.

Featured Stories

Analyst Recommendations for Ryder System (NYSE:R)

Want More Great Investing Ideas?

Receive News & Ratings for Ryder System Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ryder System and related companies with MarketBeat.com's FREE daily email newsletter.