Shares of Ryder System, Inc. (NYSE:R) have earned an average rating of “Buy” from the nine ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $65.00.
Several brokerages have recently issued reports on R. ValuEngine upgraded shares of Ryder System from a “hold” rating to a “buy” rating in a report on Friday, November 1st. SunTrust Banks lowered their price target on shares of Ryder System from $65.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. They noted that the move was a valuation call. Stifel Nicolaus downgraded shares of Ryder System from a “buy” rating to a “hold” rating and lowered their price target for the stock from $65.00 to $51.00 in a report on Thursday, October 31st. Cfra downgraded shares of Ryder System from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. Finally, KeyCorp lowered their price target on shares of Ryder System from $80.00 to $75.00 and set an “overweight” rating for the company in a report on Thursday, July 18th.
Shares of NYSE:R opened at $51.73 on Thursday. The company has a fifty day moving average of $51.37 and a 200-day moving average of $53.75. The company has a market capitalization of $2.87 billion, a PE ratio of 8.93 and a beta of 1.84. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.59 and a current ratio of 0.62. Ryder System has a 52-week low of $44.80 and a 52-week high of $67.65.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Monday, November 18th will be issued a $0.56 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.24 dividend on an annualized basis and a yield of 4.33%. Ryder System’s payout ratio is 38.69%.
In related news, Director E Follin Smith acquired 1,831 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was acquired at an average cost of $54.63 per share, for a total transaction of $100,027.53. Following the completion of the acquisition, the director now directly owns 31,586 shares of the company’s stock, valued at approximately $1,725,543.18. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Luis P. Nieto, Jr. sold 2,293 shares of the stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $46.67, for a total value of $107,014.31. Following the completion of the sale, the director now owns 23,757 shares of the company’s stock, valued at $1,108,739.19. The disclosure for this sale can be found here. Corporate insiders own 2.80% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. TD Capital Management LLC bought a new position in shares of Ryder System during the 2nd quarter worth about $44,000. San Francisco Sentry Investment Group CA boosted its position in shares of Ryder System by 174.7% during the 2nd quarter. San Francisco Sentry Investment Group CA now owns 890 shares of the transportation company’s stock worth $52,000 after purchasing an additional 566 shares in the last quarter. Doyle Wealth Management bought a new position in shares of Ryder System during the 2nd quarter worth about $54,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Ryder System by 10.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,189 shares of the transportation company’s stock worth $165,000 after purchasing an additional 300 shares in the last quarter. Finally, NumerixS Investment Technologies Inc bought a new position in shares of Ryder System during the 2nd quarter worth about $181,000. Institutional investors and hedge funds own 88.77% 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 fleet support services.
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