Stephens Begins Coverage on Ryder System (NYSE:R)

Stephens assumed coverage on shares of Ryder System (NYSE:RFree Report) in a research note released on Monday, Marketbeat.com reports. The firm issued an equal weight rating on the transportation company’s stock.

A number of other research analysts also recently commented on the company. Morgan Stanley started coverage on Ryder System in a research note on Monday, June 24th. They issued an overweight rating and a $165.00 target price on the stock. Vertical Research upgraded Ryder System from a hold rating to a buy rating and boosted their target price for the company from $125.00 to $145.00 in a research note on Friday, June 14th. JPMorgan Chase & Co. boosted their target price on Ryder System from $120.00 to $126.00 and gave the company a neutral rating in a research note on Wednesday, April 24th. StockNews.com upgraded Ryder System from a buy rating to a strong-buy rating in a research note on Thursday, July 4th. Finally, The Goldman Sachs Group boosted their target price on Ryder System from $122.00 to $135.00 and gave the company a buy rating in a research note on Wednesday, April 24th. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus target price of $135.71.

Read Our Latest Report on R

Ryder System Stock Performance

Shares of R stock opened at $120.11 on Monday. Ryder System has a 1-year low of $84.75 and a 1-year high of $128.85. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 2.22. The company has a market capitalization of $5.26 billion, a price-to-earnings ratio of 15.64 and a beta of 1.29. The stock’s fifty day simple moving average is $122.44 and its 200-day simple moving average is $117.50.

Ryder System (NYSE:RGet Free Report) last issued its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $2.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.43. Ryder System had a return on equity of 18.38% and a net margin of 2.95%. The business had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter in the previous year, the company posted $2.81 earnings per share. Ryder System’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, sell-side analysts predict that Ryder System will post 12.27 earnings per share for the current fiscal year.

Ryder System Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Monday, May 20th were given a dividend of $0.71 per share. The ex-dividend date of this dividend was Friday, May 17th. This represents a $2.84 annualized dividend and a dividend yield of 2.36%. Ryder System’s dividend payout ratio is presently 36.98%.

Insider Buying and Selling

In related news, SVP Sanford J. Hodes sold 3,360 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $125.59, for a total transaction of $421,982.40. Following the completion of the transaction, the senior vice president now owns 24,119 shares of the company’s stock, valued at approximately $3,029,105.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Sanford J. Hodes sold 3,360 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $125.59, for a total transaction of $421,982.40. Following the completion of the transaction, the senior vice president now owns 24,119 shares of the company’s stock, valued at approximately $3,029,105.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Luis P. Nieto, Jr. sold 1,443 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $125.61, for a total value of $181,255.23. Following the completion of the transaction, the director now directly owns 28,569 shares of the company’s stock, valued at approximately $3,588,552.09. The disclosure for this sale can be found here. In the last 90 days, insiders sold 95,800 shares of company stock valued at $11,990,862. Insiders own 5.10% of the company’s stock.

Hedge Funds Weigh In On Ryder System

Large investors have recently added to or reduced their stakes in the company. CWM LLC grew its stake in shares of Ryder System by 17.9% in the 2nd quarter. CWM LLC now owns 758 shares of the transportation company’s stock valued at $94,000 after purchasing an additional 115 shares during the period. GAMMA Investing LLC grew its stake in shares of Ryder System by 44.0% in the 2nd quarter. GAMMA Investing LLC now owns 589 shares of the transportation company’s stock valued at $73,000 after purchasing an additional 180 shares during the period. Keynote Financial Services LLC bought a new stake in shares of Ryder System in the 1st quarter valued at approximately $306,000. Cetera Investment Advisers grew its stake in shares of Ryder System by 405.3% in the 1st quarter. Cetera Investment Advisers now owns 16,291 shares of the transportation company’s stock valued at $1,958,000 after purchasing an additional 13,067 shares during the period. Finally, EMC Capital Management grew its stake in shares of Ryder System by 27.6% in the 1st quarter. EMC Capital Management now owns 5,258 shares of the transportation company’s stock valued at $632,000 after purchasing an additional 1,138 shares during the period. Institutional investors and hedge funds own 87.47% of the company’s stock.

Ryder System Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Ryder System (NYSE:R)

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