Ryder System (NYSE:R) Lifted to Buy at StockNews.com

StockNews.com upgraded shares of Ryder System (NYSE:R) from a hold rating to a buy rating in a research note released on Monday.

Other analysts have also recently issued reports about the company. Morgan Stanley initiated coverage on Ryder System in a research report on Monday, June 24th. They issued an “overweight” rating and a $165.00 price objective for the company. Robert W. Baird upped their price objective on shares of Ryder System from $140.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. dropped their target price on shares of Ryder System from $126.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. Finally, Stephens assumed coverage on shares of Ryder System in a research report on Monday, July 8th. They set 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. Based on data from MarketBeat, Ryder System has an average rating of “Moderate Buy” and a consensus price target of $137.86.

Ryder System Stock Down 0.5 %

NYSE:R opened at $145.03 on Monday. Ryder System has a 1-year low of $91.31 and a 1-year high of $154.76. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.74 and a quick ratio of 0.74. The firm has a market capitalization of $6.28 billion, a P/E ratio of 13.28 and a beta of 1.28. The company’s fifty day moving average price is $142.69 and its 200-day moving average price is $130.66.

Ryder System (NYSE:R) last released its quarterly earnings results on Thursday, July 25th. The transportation company reported $3.00 EPS for the quarter, beating the consensus estimate of $2.87 by $0.13. Ryder System had a net margin of 4.06% and a return on equity of 17.22%. The company had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same quarter last year, the business earned $3.61 earnings per share. The firm’s revenue was up 10.3% on a year-over-year basis. As a group, equities research analysts anticipate that Ryder System will post 12.2 EPS for the current year.

Ryder System Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Monday, November 18th will be paid a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date is Monday, November 18th. Ryder System’s dividend payout ratio (DPR) is 29.67%.

Insider Activity

In other Ryder System news, EVP Francisco Jr. Lopez sold 12,730 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $139.32, for a total value 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 $6,656,570.28. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 5.10% of the company’s stock.

Institutional Trading of Ryder System

Hedge funds have recently made changes to their positions in the company. UMB Bank n.a. grew its holdings in shares of Ryder System by 43.2% during the 3rd quarter. UMB Bank n.a. now owns 265 shares of the transportation company’s stock worth $39,000 after purchasing an additional 80 shares during the period. Truist Financial Corp boosted its stake in Ryder System by 0.6% during the second quarter. Truist Financial Corp now owns 14,303 shares of the transportation company’s stock worth $1,772,000 after buying an additional 90 shares during the period. Buckley Wealth Management LLC increased its position in shares of Ryder System by 1.1% during the third quarter. Buckley Wealth Management LLC now owns 9,660 shares of the transportation company’s stock valued at $1,408,000 after acquiring an additional 105 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Ryder System by 0.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 37,516 shares of the transportation company’s stock valued at $4,510,000 after acquiring an additional 106 shares during the period. Finally, CWM LLC lifted its holdings in shares of Ryder System by 17.9% in the 2nd quarter. CWM LLC now owns 758 shares of the transportation company’s stock worth $94,000 after acquiring an additional 115 shares during the last quarter. Hedge funds and other 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.