ValuEngine Lowers Ryder System, Inc. (R) to Hold
ValuEngine lowered shares of Ryder System, Inc. (NYSE:R) from a buy rating to a hold rating in a report issued on Monday morning.
R has been the topic of several other research reports. KeyCorp raised shares of Ryder System from a sector weight rating to an overweight rating in a research note on Wednesday, September 13th. Robert W. Baird reaffirmed an outperform rating and issued a $98.00 price objective (up previously from $84.00) on shares of Ryder System in a research note on Monday. BidaskClub raised shares of Ryder System from a hold rating to a buy rating in a research note on Wednesday, August 9th. Zacks Investment Research raised shares of Ryder System from a hold rating to a buy rating and set a $92.00 price objective on the stock in a research note on Tuesday, September 26th. Finally, Stifel Nicolaus reaffirmed a hold rating and issued a $68.00 price objective on shares of Ryder System in a research note on Tuesday, September 5th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $81.83.
Shares of Ryder System (NYSE R) opened at 82.99 on Monday. The firm has a 50 day moving average of $78.81 and a 200 day moving average of $72.82. The stock has a market cap of $4.40 billion, a P/E ratio of 19.98 and a beta of 1.41. Ryder System has a one year low of $62.03 and a one year high of $85.50.
Ryder System (NYSE:R) last announced its quarterly earnings data on Wednesday, July 26th. The transportation company reported $1.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.07. The company had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.76 billion. Ryder System had a net margin of 3.17% and a return on equity of 11.71%. The business’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.56 EPS. On average, equities research analysts predict that Ryder System will post $4.45 EPS for the current fiscal year.
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The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Monday, August 21st were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 2.22%. This is a boost from Ryder System’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Thursday, August 17th. Ryder System’s dividend payout ratio (DPR) is presently 44.12%.
In other Ryder System news, insider Dennis C. Cooke sold 9,650 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $72.75, for a total value of $702,037.50. Following the completion of the transaction, the insider now directly owns 2,883 shares in the company, valued at $209,738.25. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Robert E. Sanchez sold 26,275 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $72.43, for a total transaction of $1,903,098.25. Following the completion of the transaction, the chief executive officer now owns 107,237 shares of the company’s stock, valued at $7,767,175.91. The disclosure for this sale can be found here. Over the last quarter, insiders sold 40,427 shares of company stock valued at $2,933,827. Corporate insiders own 1.95% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Bank of Nova Scotia acquired a new stake in shares of Ryder System during the first quarter worth approximately $830,000. Prudential Financial Inc. boosted its holdings in shares of Ryder System by 3.6% during the first quarter. Prudential Financial Inc. now owns 229,255 shares of the transportation company’s stock worth $17,295,000 after purchasing an additional 8,000 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Ryder System by 6.7% during the second quarter. Bank of New York Mellon Corp now owns 820,490 shares of the transportation company’s stock worth $59,058,000 after purchasing an additional 51,763 shares during the period. Canada Pension Plan Investment Board boosted its holdings in shares of Ryder System by 155.2% during the second quarter. Canada Pension Plan Investment Board now owns 159,988 shares of the transportation company’s stock worth $11,516,000 after purchasing an additional 97,300 shares during the period. Finally, Cipher Capital LP boosted its holdings in shares of Ryder System by 152.2% during the second quarter. Cipher Capital LP now owns 21,794 shares of the transportation company’s stock worth $1,569,000 after purchasing an additional 13,153 shares during the period. Institutional investors own 89.54% 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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