ValuEngine Lowers Ryder System, Inc. (R) to Hold
ValuEngine cut shares of Ryder System, Inc. (NYSE:R) from a buy rating to a hold rating in a research report sent to investors on Friday.
A number of other brokerages also recently commented on R. Buckingham Research lifted their target price on shares of Ryder System from $92.00 to $93.00 and gave the stock a buy rating in a research note on Wednesday, October 25th. BidaskClub downgraded shares of Ryder System from a buy rating to a hold rating in a research note on Sunday, July 30th. Zacks Investment Research raised shares of Ryder System from a hold rating to a buy rating and set a $92.00 price target on the stock in a research note on Tuesday, October 31st. Aegis reissued a buy rating and issued a $91.00 price target (up from $84.00) on shares of Ryder System in a research note on Tuesday, October 10th. Finally, J P Morgan Chase & Co boosted their price target on shares of Ryder System from $69.00 to $82.00 and gave the company a neutral rating in a research note on Thursday, October 12th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $85.00.
Ryder System (NYSE R) opened at $78.92 on Friday. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.96 and a current ratio of 1.02. Ryder System has a 52 week low of $62.52 and a 52 week high of $85.50. The company has a market cap of $4,178.63, a PE ratio of 18.70, a price-to-earnings-growth ratio of 1.17 and a beta of 1.51.
Ryder System (NYSE:R) last issued its earnings results on Tuesday, October 24th. The transportation company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.04. Ryder System had a net margin of 2.75% and a return on equity of 10.72%. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the previous year, the firm earned $1.67 earnings per share. Ryder System’s quarterly revenue was up 7.2% compared to the same quarter last year. equities analysts predict that Ryder System will post 4.5 EPS for the current fiscal year.
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The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Monday, November 20th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date is Friday, November 17th. Ryder System’s dividend payout ratio (DPR) is 49.86%.
In related news, CMO Karen M. Jones sold 4,790 shares of Ryder System stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $81.78, for a total value of $391,726.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dennis C. Cooke sold 32,328 shares of Ryder System stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $81.46, for a total transaction of $2,633,438.88. The disclosure for this sale can be found here. Insiders sold 41,620 shares of company stock valued at $3,353,856 in the last 90 days. Company insiders own 1.95% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. grew its holdings in Ryder System by 41.7% during the 2nd quarter. BlackRock Inc. now owns 5,010,932 shares of the transportation company’s stock worth $360,685,000 after acquiring an additional 1,475,138 shares in the last quarter. Fiduciary Management Inc. WI grew its holdings in Ryder System by 13.6% during the 2nd quarter. Fiduciary Management Inc. WI now owns 1,211,960 shares of the transportation company’s stock worth $87,237,000 after acquiring an additional 145,219 shares in the last quarter. Schroder Investment Management Group grew its holdings in Ryder System by 22.6% during the 3rd quarter. Schroder Investment Management Group now owns 1,073,478 shares of the transportation company’s stock worth $90,182,000 after acquiring an additional 198,098 shares in the last quarter. Westfield Capital Management Co. LP grew its holdings in Ryder System by 13.8% during the 2nd quarter. Westfield Capital Management Co. LP now owns 844,807 shares of the transportation company’s stock worth $60,809,000 after acquiring an additional 102,324 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Ryder System by 6.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 820,490 shares of the transportation company’s stock worth $59,058,000 after acquiring an additional 51,763 shares in the last quarter. Hedge funds and other institutional investors own 88.85% 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 leasing, commercial rental, contract maintenance, and contract-related maintenance of trucks, tractors and trailers to customers principally 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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