Shares of Ryder System, Inc. (NYSE:R) have earned an average recommendation of “Hold” from the twelve ratings firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $85.56.

Several equities analysts recently issued reports on R shares. Zacks Investment Research upgraded shares of Ryder System from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a report on Tuesday, July 17th. Deutsche Bank began coverage on shares of Ryder System in a research note on Tuesday, September 4th. They issued a “buy” rating and a $88.00 price target for the company. Mizuho began coverage on shares of Ryder System in a research note on Thursday, June 28th. They issued a “buy” rating and a $85.00 price target for the company. KeyCorp decreased their price target on shares of Ryder System from $95.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, June 22nd. Finally, ValuEngine downgraded shares of Ryder System from a “hold” rating to a “sell” rating in a research note on Wednesday, June 6th.

R stock opened at $78.29 on Friday. The firm has a market capitalization of $4.18 billion, a P/E ratio of 15.65 and a beta of 1.46. The company has a current ratio of 0.68, a quick ratio of 0.64 and a debt-to-equity ratio of 1.84. Ryder System has a 12-month low of $65.65 and a 12-month high of $90.26.

Ryder System (NYSE:R) last released its earnings results on Wednesday, July 25th. The transportation company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.13. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $1.99 billion. Ryder System had a net margin of 9.99% and a return on equity of 9.96%. Ryder System’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.00 earnings per share. equities analysts anticipate that Ryder System will post 5.77 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 21st. Shareholders of record on Friday, July 20th will be paid a $0.54 dividend. This is an increase from Ryder System’s previous quarterly dividend of $0.52. This represents a $2.16 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend is Thursday, July 19th. Ryder System’s payout ratio is 47.68%.

In other news, CEO Robert E. Sanchez sold 27,830 shares of the business’s stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $78.04, for a total transaction of $2,171,853.20. Following the completion of the sale, the chief executive officer now directly owns 119,387 shares of the company’s stock, valued at $9,316,961.48. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Art A. Garcia sold 3,412 shares of the business’s stock in a transaction dated Monday, July 30th. The stock was sold at an average price of $76.82, for a total transaction of $262,109.84. Following the sale, the chief financial officer now directly owns 16,201 shares of the company’s stock, valued at $1,244,560.82. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 57,865 shares of company stock valued at $4,502,858. Insiders own 2.27% of the company’s stock.

Large investors have recently bought and sold shares of the company. Flagship Harbor Advisors LLC bought a new stake in shares of Ryder System during the second quarter worth about $101,000. Adviser Investments LLC bought a new stake in shares of Ryder System during the first quarter worth about $109,000. Pinnacle Associates Ltd. bought a new stake in shares of Ryder System during the second quarter worth about $233,000. Assetmark Inc. increased its position in shares of Ryder System by 27,850.0% during the first quarter. Assetmark Inc. now owns 3,354 shares of the transportation company’s stock worth $244,000 after acquiring an additional 3,342 shares in the last quarter. Finally, Verition Fund Management LLC bought a new stake in shares of Ryder System during the first quarter worth about $252,000. 90.04% of the stock is owned by institutional investors.

About Ryder System

Ryder System, Inc provides transportation and supply chain management solutions worldwide. The company operates through three segments: Fleet Management Solutions (FMS), Dedicated Transportation Solutions (DTS), and Supply Chain Solutions (SCS). The FMS segment offers full service leasing and leasing with flexible maintenance options, as well as maintenance services, supplies, and related equipment for operation of the vehicles; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers, as well as ancillary maintenance and fleet support services.

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Analyst Recommendations for Ryder System (NYSE:R)

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