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

StockNews.com upgraded shares of Ryder System (NYSE:R) from a hold rating to a buy rating in a report issued on Monday morning.

A number of other analysts have also recently issued reports on R. Morgan Stanley initiated coverage on Ryder System in a report on Monday, June 24th. They set an “overweight” rating and a $165.00 price objective on the stock. JPMorgan Chase & Co. cut their price objective on shares of Ryder System from $126.00 to $125.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Robert W. Baird upped their target price on shares of Ryder System from $140.00 to $155.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Finally, Stephens assumed coverage on shares of Ryder System in a report on Monday, July 8th. They issued an “equal weight” rating for the company. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $137.86.

Ryder System Trading Down 1.5 %

Shares of Ryder System stock opened at $146.85 on Monday. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.74 and a current ratio of 0.74. The stock has a market capitalization of $6.44 billion, a P/E ratio of 19.12 and a beta of 1.28. Ryder System has a 52-week low of $91.31 and a 52-week high of $154.76. The stock’s 50-day simple moving average is $142.17 and its 200 day simple moving average is $130.26.

Ryder System (NYSE:R) last released its quarterly earnings data on Thursday, July 25th. The transportation company reported $3.00 EPS for the quarter, topping the consensus estimate of $2.87 by $0.13. Ryder System had a net margin of 4.06% and a return on equity of 17.22%. The company had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.24 billion. During the same period last year, the firm earned $3.61 EPS. Ryder System’s revenue for the quarter was up 10.3% on a year-over-year basis. As a group, research analysts anticipate that Ryder System will post 12.2 EPS for the current year.

Ryder System Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Monday, November 18th will be paid a $0.81 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $3.24 dividend on an annualized basis and a yield of 2.21%. Ryder System’s dividend payout ratio is presently 42.19%.

Insider Transactions at Ryder System

In other Ryder System news, EVP Francisco Jr. Lopez sold 12,730 shares of Ryder System stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $139.32, for a total transaction of $1,773,543.60. Following the completion of the sale, the executive vice president now owns 47,779 shares of the company’s stock, valued at $6,656,570.28. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 5.10% of the company’s stock.

Hedge Funds Weigh In On Ryder System

Large investors have recently modified their holdings of the company. EntryPoint Capital LLC bought a new position in shares of Ryder System during the 1st quarter valued at $25,000. Wolff Wiese Magana LLC purchased a new position in shares of Ryder System in the third quarter worth about $28,000. Altshuler Shaham Ltd bought a new stake in shares of Ryder System in the 2nd quarter valued at about $29,000. UMB Bank n.a. boosted its holdings in Ryder System by 43.2% during the 3rd quarter. UMB Bank n.a. now owns 265 shares of the transportation company’s stock valued at $39,000 after acquiring an additional 80 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new position in Ryder System during the 2nd quarter worth approximately $51,000. 87.47% of the stock is owned by hedge funds and other institutional investors.

About Ryder System

Ryder System, Inc operates as a logistics and transportation company worldwide. It 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; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers; access to diesel fuel; and fuel planning and tax reporting, cards, and monitoring services, and centralized billing, as well as sells used vehicles through its retail sales centers and www.ryder.com/used-trucks website, as well as digital and technology support services.