Ryder System Inc. (R) Shares Down 2.3%
Ryder System Inc. (NYSE:R)’s share price was down 2.3% during trading on Tuesday . The company traded as low as $63.58 and last traded at $63.77, with a volume of 375,073 shares. The stock had previously closed at $65.26.
A number of equities analysts have recently commented on R shares. Zacks Investment Research upgraded Ryder System from a “sell” rating to a “hold” rating in a report on Thursday, September 1st. Robert W. Baird reiterated a “buy” rating on shares of Ryder System in a report on Monday, June 13th. Finally, Royal Bank Of Canada reissued a “hold” rating on shares of Ryder System in a research note on Monday, June 13th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $81.57.
The firm’s 50 day moving average price is $65.36 and its 200 day moving average price is $65.57. The stock has a market capitalization of $3.39 billion, a price-to-earnings ratio of 11.44 and a beta of 1.73.
Ryder System (NYSE:R) last announced its earnings results on Wednesday, July 27th. The company reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.02. Ryder System had a return on equity of 16.21% and a net margin of 4.44%. The business earned $1.70 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same quarter in the prior year, the firm earned $1.65 earnings per share. The business’s revenue was up 2.5% compared to the same quarter last year. On average, equities research analysts predict that Ryder System Inc. will post $5.97 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Monday, August 22nd were issued a dividend of $0.44 per share. The ex-dividend date was Thursday, August 18th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.78%. This is a boost from Ryder System’s previous quarterly dividend of $0.41. Ryder System’s dividend payout ratio is presently 31.71%.
Large investors have recently bought and sold shares of the stock. Prudential Financial Inc. raised its stake in Ryder System by 40.4% in the first quarter. Prudential Financial Inc. now owns 268,852 shares of the company’s stock worth $17,417,000 after buying an additional 77,300 shares during the period. MSI Financial Services Inc raised its stake in Ryder System by 6,270.4% in the second quarter. MSI Financial Services Inc now owns 30,960 shares of the company’s stock worth $1,893,000 after buying an additional 30,474 shares during the period. JPMorgan Chase & Co. raised its stake in Ryder System by 261.6% in the first quarter. JPMorgan Chase & Co. now owns 94,976 shares of the company’s stock worth $6,153,000 after buying an additional 68,707 shares during the period. Ramsey Quantitative Systems raised its stake in Ryder System by 5.5% in the first quarter. Ramsey Quantitative Systems now owns 8,786 shares of the company’s stock worth $569,000 after buying an additional 456 shares during the period. Finally, Wellington Management Group LLP bought a new stake in Ryder System during the first quarter worth about $22,300,000. Institutional investors and hedge funds own 91.81% of the company’s stock.
About Ryder System
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 full service leasing, commercial rental, contract maintenance and contract-related maintenance of trucks, tractors and trailers to customers 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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