Ryder System, Inc. (R) Downgraded to “Hold” at ValuEngine
ValuEngine downgraded shares of Ryder System, Inc. (NYSE:R) from a buy rating to a hold rating in a report released on Friday.
A number of other research analysts also recently issued reports on the company. KeyCorp raised Ryder System from a sector weight rating to an overweight rating in a research note on Wednesday, September 13th. Stifel Nicolaus reissued a hold rating and issued a $68.00 price objective on shares of Ryder System in a research note on Tuesday, September 5th. Aegis reissued a buy rating and issued a $91.00 price objective (up from $84.00) on shares of Ryder System in a research note on Tuesday, October 10th. BidaskClub downgraded Ryder System from a buy rating to a hold rating in a research note on Sunday, July 30th. Finally, J P Morgan Chase & Co upped their price target on Ryder System from $69.00 to $82.00 and gave the stock a neutral rating in a research note on Thursday, October 12th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $85.00.
Shares of Ryder System (NYSE R) traded up $0.01 during trading hours on Friday, hitting $78.92. The stock had a trading volume of 386,600 shares, compared to its average volume of 759,662. The firm has a market cap of $4,178.66, a P/E ratio of 18.70, a price-to-earnings-growth ratio of 1.17 and a beta of 1.51. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.02 and a quick ratio of 0.96. Ryder System has a 12 month low of $62.52 and a 12 month high of $85.50.
Ryder System (NYSE:R) last announced its quarterly earnings data on Tuesday, October 24th. The transportation company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.04. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.80 billion. Ryder System had a return on equity of 10.72% and a net margin of 2.75%. The firm’s revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.67 EPS. research analysts predict that Ryder System will post 4.5 EPS for the current fiscal year.
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The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Monday, November 20th will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date is Friday, November 17th. Ryder System’s dividend payout ratio (DPR) is currently 49.86%.
In other Ryder System news, insider Dennis C. Cooke sold 32,328 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $81.46, for a total transaction of $2,633,438.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Karen M. Jones sold 4,790 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $81.78, for a total value of $391,726.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 41,620 shares of company stock worth $3,353,856. 1.95% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of R. BlackRock Inc. increased its holdings in Ryder System by 41.7% during the 2nd quarter. BlackRock Inc. now owns 5,010,932 shares of the transportation company’s stock worth $360,685,000 after purchasing an additional 1,475,138 shares in the last quarter. Pzena Investment Management LLC bought a new stake in Ryder System during the 3rd quarter worth approximately $47,625,000. Schroder Investment Management Group increased its holdings in Ryder System by 22.6% during the 3rd quarter. Schroder Investment Management Group now owns 1,073,478 shares of the transportation company’s stock worth $90,182,000 after purchasing an additional 198,098 shares in the last quarter. Monarch Partners Asset Management LLC bought a new stake in Ryder System during the 3rd quarter worth approximately $15,480,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Ryder System during the 2nd quarter worth approximately $11,423,000. 89.79% of the stock is owned by hedge funds and other institutional investors.
Ryder System Company Profile
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.
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