Ryder System (R) Lowered to Strong Sell at ValuEngine

ValuEngine downgraded shares of Ryder System (NYSE:R) from a sell rating to a strong sell rating in a research note released on Saturday morning.

Several other equities research analysts also recently commented on R. Zacks Investment Research raised Ryder System from a hold rating to a buy rating and set a $82.00 price objective for the company in a report on Tuesday, July 17th. Mizuho reissued a buy rating and issued a $90.00 price objective on shares of Ryder System in a report on Thursday, July 26th. Stifel Nicolaus increased their price objective on Ryder System from $76.00 to $81.00 and gave the company a hold rating in a report on Thursday, July 26th. Deutsche Bank started coverage on Ryder System in a report on Tuesday, September 4th. They issued a buy rating and a $88.00 price objective for the company. Finally, Loop Capital started coverage on Ryder System in a report on Monday, October 1st. They set a hold rating and a $78.00 price target for the company. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. Ryder System has an average rating of Hold and a consensus target price of $79.82.

NYSE R opened at $55.63 on Friday. The company has a market capitalization of $3.04 billion, a PE ratio of 12.28 and a beta of 1.45. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.11 and a quick ratio of 0.64. Ryder System has a 12 month low of $53.97 and a 12 month high of $90.26.



Ryder System (NYSE:R) last released its quarterly earnings data on Friday, October 26th. The transportation company reported $1.64 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.01). The company had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.11 billion. Ryder System had a net margin of 9.98% and a return on equity of 9.88%. The company’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.33 EPS. On average, sell-side analysts forecast that Ryder System will post 5.79 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Shareholders of record on Monday, November 19th will be issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 3.88%. The ex-dividend date is Friday, November 16th. Ryder System’s dividend payout ratio is 47.68%.

In other Ryder System news, insider John J. Diez sold 6,520 shares of the firm’s stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $79.44, for a total transaction of $517,948.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Karen M. Jones sold 20,103 shares of the firm’s stock in a transaction on Friday, August 3rd. The shares were sold at an average price of $77.15, for a total value of $1,550,946.45. The disclosure for this sale can be found here. Insiders have sold a total of 54,453 shares of company stock valued at $4,240,748 in the last ninety days. Insiders own 2.27% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Spark Investment Management LLC increased its position in Ryder System by 19.4% during the 2nd quarter. Spark Investment Management LLC now owns 4,000 shares of the transportation company’s stock worth $287,000 after buying an additional 650 shares during the period. Commonwealth Equity Services LLC increased its position in Ryder System by 22.5% during the 1st quarter. Commonwealth Equity Services LLC now owns 4,766 shares of the transportation company’s stock worth $346,000 after buying an additional 876 shares during the period. Envestnet Asset Management Inc. increased its position in Ryder System by 16.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 6,395 shares of the transportation company’s stock worth $460,000 after buying an additional 899 shares during the period. Xact Kapitalforvaltning AB increased its position in Ryder System by 14.7% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 7,030 shares of the transportation company’s stock worth $505,000 after buying an additional 900 shares during the period. Finally, Intrust Bank NA increased its position in Ryder System by 16.0% during the 2nd quarter. Intrust Bank NA now owns 7,352 shares of the transportation company’s stock worth $529,000 after buying an additional 1,015 shares during the period. Hedge funds and other institutional investors own 90.57% of the company’s stock.

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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