KeyCorp upgraded shares of Ryder System, Inc. (NYSE:R) from a sector weight rating to an overweight rating in a research note released on Wednesday, Marketbeat Ratings reports. KeyCorp also issued estimates for Ryder System’s FY2018 earnings at $5.35 EPS.

A number of other brokerages have also recently weighed in on R. ValuEngine upgraded Ryder System from a hold rating to a buy rating in a research report on Tuesday, June 27th. BidaskClub upgraded Ryder System from a hold rating to a buy rating in a research report on Wednesday, June 28th. Buckingham Research initiated coverage on Ryder System in a research report on Monday, August 21st. They issued a buy rating and a $85.00 price target for the company. Zacks Investment Research cut Ryder System from a buy rating to a hold rating in a research report on Thursday, July 27th. Finally, Stifel Nicolaus restated a hold rating and issued a $68.00 price target on shares of Ryder System in a research report on Tuesday, September 5th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Ryder System currently has a consensus rating of Buy and a consensus price target of $77.17.

Shares of Ryder System (R) opened at 79.46 on Wednesday. The company has a 50-day moving average of $75.01 and a 200 day moving average of $72.21. The stock has a market cap of $4.21 billion, a price-to-earnings ratio of 19.13 and a beta of 1.37. Ryder System has a one year low of $62.03 and a one year high of $85.42.

Ryder System (NYSE:R) last released its earnings results on Wednesday, July 26th. The transportation company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.07. Ryder System had a return on equity of 11.71% and a net margin of 3.17%. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter last year, the company earned $1.56 earnings per share. Ryder System’s quarterly revenue was up 5.3% compared to the same quarter last year. On average, equities analysts forecast that Ryder System will post $4.45 earnings per share for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Monday, August 21st were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date was Thursday, August 17th. This is a boost from Ryder System’s previous quarterly dividend of $0.44. Ryder System’s dividend payout ratio (DPR) is currently 44.12%.

In related news, CEO Robert E. Sanchez sold 26,275 shares of Ryder System 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 sale, the chief executive officer now owns 107,237 shares in the company, valued at approximately $7,767,175.91. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider John S. Sensing sold 4,502 shares of Ryder System stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $73.01, for a total value of $328,691.02. The disclosure for this sale can be found here. In the last quarter, insiders have sold 40,427 shares of company stock valued at $2,933,827. 1.95% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the stock. BlueMountain Capital Management LLC purchased a new stake in Ryder System in the 2nd quarter valued at about $109,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Ryder System by 8.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,953 shares of the transportation company’s stock valued at $141,000 after buying an additional 156 shares during the period. JFS Wealth Advisors LLC grew its holdings in Ryder System by 1.1% in the 2nd quarter. JFS Wealth Advisors LLC now owns 2,160 shares of the transportation company’s stock valued at $156,000 after buying an additional 24 shares during the period. LS Investment Advisors LLC grew its holdings in Ryder System by 28.8% in the 1st quarter. LS Investment Advisors LLC now owns 2,473 shares of the transportation company’s stock valued at $187,000 after buying an additional 553 shares during the period. Finally, Edmond DE Rothschild Holding S.A. grew its holdings in Ryder System by 94.7% in the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 2,550 shares of the transportation company’s stock valued at $183,000 after buying an additional 1,240 shares during the period. Hedge funds and other 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.

Analyst Recommendations for Ryder System (NYSE:R)

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