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

Shares of Ryder System, Inc. (NYSE:R) have earned an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $137.86.

R has been the topic of a number of research analyst reports. Stephens initiated coverage on Ryder System in a research note on Monday, July 8th. They issued an “equal weight” rating on the stock. Vertical Research raised Ryder System from a “hold” rating to a “buy” rating and lifted their price target for the stock from $125.00 to $145.00 in a research note on Friday, June 14th. Morgan Stanley initiated coverage on Ryder System in a research note on Monday, June 24th. They issued an “overweight” rating and a $165.00 price target on the stock. StockNews.com lowered Ryder System from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 12th. Finally, JPMorgan Chase & Co. reduced their price objective on Ryder System from $126.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th.

Insider Buying and Selling at Ryder System

In other Ryder System news, EVP Francisco Jr. Lopez sold 12,730 shares of Ryder System stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $139.32, for a total value of $1,773,543.60. Following the sale, the executive vice president now owns 47,779 shares in the company, valued at $6,656,570.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company 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 company. Truist Financial Corp grew its stake in shares of Ryder System by 0.6% in the second quarter. Truist Financial Corp now owns 14,303 shares of the transportation company’s stock valued at $1,772,000 after buying an additional 90 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Ryder System by 0.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 37,516 shares of the transportation company’s stock worth $4,510,000 after purchasing an additional 106 shares in the last quarter. CWM LLC grew its stake in Ryder System by 17.9% during the 2nd quarter. CWM LLC now owns 758 shares of the transportation company’s stock worth $94,000 after purchasing an additional 115 shares in the last quarter. Parallel Advisors LLC grew its stake in Ryder System by 8.7% during the 4th quarter. Parallel Advisors LLC now owns 1,455 shares of the transportation company’s stock worth $167,000 after purchasing an additional 116 shares in the last quarter. Finally, SummerHaven Investment Management LLC grew its stake in Ryder System by 1.5% during the 2nd quarter. SummerHaven Investment Management LLC now owns 8,739 shares of the transportation company’s stock worth $1,083,000 after purchasing an additional 126 shares in the last quarter. 87.47% of the stock is owned by institutional investors and hedge funds.

Ryder System Stock Up 0.8 %

Ryder System stock opened at $148.46 on Wednesday. The firm has a market cap of $6.51 billion, a price-to-earnings ratio of 19.33 and a beta of 1.28. Ryder System has a 52 week low of $91.31 and a 52 week high of $149.34. The business’s 50-day moving average price is $137.26 and its 200 day moving average price is $126.31. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.09.

Ryder System (NYSE:R) last issued its quarterly earnings data on Thursday, July 25th. The transportation company reported $3.00 EPS for the quarter, beating the consensus estimate of $2.87 by $0.13. Ryder System had a return on equity of 17.22% and a net margin of 4.06%. The company had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same period last year, the company earned $3.61 earnings per share. Ryder System’s quarterly revenue was up 10.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Ryder System will post 12.19 earnings per share for the current year.

Ryder System Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Monday, August 19th were given a dividend of $0.81 per share. This is an increase from Ryder System’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend was Monday, August 19th. This represents a $3.24 dividend on an annualized basis and a yield of 2.18%. Ryder System’s dividend payout ratio (DPR) is presently 42.19%.

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.