Ryder System, Inc. (NYSE:R) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Ryder System, Inc. (NYSE:R) have been assigned an average rating of “Moderate Buy” from the nine brokerages that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $186.50.

A number of analysts recently commented on R shares. Wolfe Research upgraded Ryder System from a “peer perform” rating to an “outperform” rating and set a $159.00 price objective for the company in a research report on Tuesday, July 1st. Stephens lifted their price objective on Ryder System from $150.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 29th. Susquehanna started coverage on Ryder System in a research report on Tuesday, July 15th. They set a “positive” rating and a $215.00 price objective for the company. Morgan Stanley lifted their price target on Ryder System from $175.00 to $190.00 and gave the company an “overweight” rating in a report on Monday, July 28th. Finally, Barclays started coverage on Ryder System in a report on Monday, June 9th. They issued an “overweight” rating and a $190.00 price target for the company.

Insiders Place Their Bets

In related news, insider Thomas M. Havens sold 6,500 shares of Ryder System stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $181.77, for a total transaction of $1,181,505.00. Following the transaction, the insider directly owned 32,478 shares of the company’s stock, valued at $5,903,526.06. The trade was a 16.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Cristina Gallo-Aquino sold 1,000 shares of the stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $180.87, for a total value of $180,870.00. Following the completion of the transaction, the chief financial officer owned 26,561 shares of the company’s stock, valued at $4,804,088.07. This trade represents a 3.63% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 54,082 shares of company stock valued at $9,340,250 over the last three months. 5.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Ryder System

Institutional investors have recently bought and sold shares of the business. Hantz Financial Services Inc. lifted its holdings in Ryder System by 770.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 174 shares of the transportation company’s stock worth $28,000 after purchasing an additional 154 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Ryder System in the 1st quarter worth approximately $26,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Ryder System by 237.0% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 182 shares of the transportation company’s stock worth $29,000 after purchasing an additional 128 shares during the last quarter. MAI Capital Management lifted its holdings in Ryder System by 57.6% in the 2nd quarter. MAI Capital Management now owns 186 shares of the transportation company’s stock worth $30,000 after purchasing an additional 68 shares during the last quarter. Finally, Employees Retirement System of Texas acquired a new stake in Ryder System in the 2nd quarter worth approximately $35,000. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Ryder System Price Performance

Ryder System stock opened at $179.94 on Friday. Ryder System has a one year low of $125.54 and a one year high of $184.76. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.82 and a current ratio of 0.82. The business has a fifty day moving average of $168.16 and a two-hundred day moving average of $155.55. The company has a market cap of $7.34 billion, a P/E ratio of 15.30 and a beta of 1.00.

Ryder System (NYSE:R) last released its quarterly earnings results on Thursday, July 24th. The transportation company reported $3.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.11 by $0.21. The business had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.17 billion. Ryder System had a return on equity of 17.83% and a net margin of 3.99%. The business’s revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.00 EPS. As a group, analysts predict that Ryder System will post 13.68 earnings per share for the current fiscal year.

Ryder System Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Monday, August 18th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.0%. This is a positive change from Ryder System’s previous quarterly dividend of $0.81. The ex-dividend date of this dividend is Monday, August 18th. Ryder System’s dividend payout ratio is 27.55%.

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.