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 report released on Monday.

A number of other research analysts also recently issued reports on R. Robert W. Baird boosted their price objective on Ryder System from $140.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. 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. JPMorgan Chase & Co. reduced their price objective on shares of Ryder System from $126.00 to $125.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Finally, Stephens began coverage on shares of Ryder System in a research note on Monday, July 8th. They issued an “equal weight” rating for the company. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $137.86.

Ryder System Stock Performance

NYSE:R opened at $146.85 on Monday. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.74 and a current ratio of 0.74. Ryder System has a fifty-two week low of $91.31 and a fifty-two week high of $154.76. The company has a 50 day simple moving average of $142.17 and a two-hundred day simple moving average of $130.26. The company has a market capitalization of $6.44 billion, a PE ratio of 19.12 and a beta of 1.28.

Ryder System (NYSE:R) last posted its quarterly earnings data on Thursday, July 25th. The transportation company reported $3.00 earnings per share for the quarter, topping the consensus estimate of $2.87 by $0.13. The company had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.24 billion. Ryder System had a net margin of 4.06% and a return on equity of 17.22%. Ryder System’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the prior year, the company posted $3.61 earnings per share. Research analysts anticipate that Ryder System will post 12.2 earnings per share for the current year.

Ryder System Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Monday, November 18th will be issued a dividend of $0.81 per share. The ex-dividend date is Monday, November 18th. This represents a $3.24 annualized dividend and a yield of 2.21%. Ryder System’s payout ratio is 42.19%.

Insider Activity

In other Ryder System news, EVP Francisco Jr. Lopez sold 12,730 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $139.32, for a total transaction of $1,773,543.60. Following the completion of the sale, the executive vice president now directly owns 47,779 shares of the company’s stock, valued at approximately $6,656,570.28. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.10% of the company’s stock.

Institutional Trading of Ryder System

Several institutional investors have recently made changes to their positions in the company. Wolff Wiese Magana LLC purchased a new stake in shares of Ryder System during the third quarter valued at approximately $28,000. EntryPoint Capital LLC bought a new stake in shares of Ryder System during the 1st quarter worth $25,000. Altshuler Shaham Ltd purchased a new position in shares of Ryder System in the 2nd quarter worth about $29,000. UMB Bank n.a. grew its position in Ryder System by 43.2% during the third quarter. UMB Bank n.a. now owns 265 shares of the transportation company’s stock valued at $39,000 after buying an additional 80 shares during the period. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in Ryder System during the second quarter worth about $51,000. Institutional investors own 87.47% of the company’s stock.

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.