Ryder System (NYSE:R) Upgraded to “Buy” by StockNews.com

StockNews.com upgraded shares of Ryder System (NYSE:R) from a hold rating to a buy rating in a research note published on Wednesday.

R has been the subject of a number of other research reports. Wells Fargo & Company raised their target price on Ryder System from $100.00 to $120.00 and gave the stock an equal weight rating in a research note on Thursday, February 15th. Vertical Research lowered Ryder System from a buy rating to a hold rating and set a $120.00 target price for the company. in a research note on Wednesday, January 10th. Stephens raised their target price on Ryder System from $113.00 to $120.00 and gave the stock an equal weight rating in a research note on Wednesday. Robert W. Baird reiterated a buy rating and set a $140.00 price objective on shares of Ryder System in a research note on Wednesday, January 3rd. Finally, The Goldman Sachs Group lifted their price objective on Ryder System from $122.00 to $135.00 and gave the company a buy rating in a research note on Wednesday. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Ryder System presently has a consensus rating of Hold and an average target price of $123.71.

Ryder System Price Performance

Ryder System stock opened at $121.94 on Wednesday. The stock has a market cap of $5.34 billion, a price-to-earnings ratio of 15.88 and a beta of 1.40. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.82 and a quick ratio of 0.62. Ryder System has a 1 year low of $76.15 and a 1 year high of $123.45. The firm has a 50-day moving average of $115.04 and a two-hundred day moving average of $110.87.

Ryder System (NYSE:R) last posted its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $2.14 EPS for the quarter, beating the consensus estimate of $1.71 by $0.43. The business had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.06 billion. Ryder System had a net margin of 2.95% and a return on equity of 18.38%. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.81 EPS. On average, research analysts forecast that Ryder System will post 11.9 earnings per share for the current year.

Ryder System Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 20th were given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date was Friday, February 16th. Ryder System’s dividend payout ratio (DPR) is presently 36.98%.

Insider Activity

In other news, CMO Karen M. Jones sold 7,737 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $113.48, for a total transaction of $877,994.76. Following the sale, the chief marketing officer now directly owns 12,396 shares in the company, valued at approximately $1,406,698.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 5.10% of the company’s stock.

Institutional Investors Weigh In On Ryder System

A number of institutional investors have recently modified their holdings of the business. Contravisory Investment Management Inc. acquired a new stake in Ryder System in the 4th quarter worth about $26,000. Headlands Technologies LLC acquired a new stake in Ryder System in the 3rd quarter worth about $26,000. GAMMA Investing LLC acquired a new stake in Ryder System in the 4th quarter worth about $45,000. CWM LLC boosted its holdings in Ryder System by 33.9% in the 3rd quarter. CWM LLC now owns 438 shares of the transportation company’s stock worth $47,000 after buying an additional 111 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its holdings in Ryder System by 406.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 506 shares of the transportation company’s stock worth $54,000 after buying an additional 406 shares during the last quarter. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Ryder System Company Profile

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.