Ryder System (NYSE:R) Raised to “C-” at TheStreet

TheStreet upgraded shares of Ryder System (NYSE:R) from a d+ rating to a c- rating in a research note issued to investors on Wednesday, TheStreetRatingsTable reports.

Other research analysts also recently issued research reports about the company. Robert W. Baird increased their price target on Ryder System from $37.00 to $47.00 and gave the company an outperform rating in a research note on Monday, July 6th. ValuEngine raised Ryder System from a hold rating to a buy rating in a research note on Tuesday, July 28th. Finally, SunTrust Banks increased their price target on Ryder System from $40.00 to $48.00 and gave the company a buy rating in a research note on Friday, July 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. Ryder System has a consensus rating of Hold and a consensus target price of $48.71.

NYSE:R opened at $36.63 on Wednesday. The stock’s fifty day moving average price is $38.85 and its two-hundred day moving average price is $37.32. Ryder System has a 52-week low of $22.62 and a 52-week high of $57.38. The company has a debt-to-equity ratio of 3.77, a quick ratio of 0.82 and a current ratio of 1.65. The company has a market cap of $2.02 billion, a price-to-earnings ratio of 289.46 and a beta of 2.04.

Ryder System (NYSE:R) last posted its quarterly earnings data on Wednesday, July 29th. The transportation company reported ($0.95) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.44) by $0.49. Ryder System had a positive return on equity of 0.29% and a negative net margin of 3.84%. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter in the prior year, the business earned $1.40 EPS. The business’s revenue for the quarter was down 15.6% compared to the same quarter last year. On average, equities analysts predict that Ryder System will post -2.33 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Monday, August 24th will be given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 6.12%. The ex-dividend date of this dividend is Friday, August 21st. Ryder System’s dividend payout ratio is currently 45.16%.

In other Ryder System news, Director Luis P. Nieto, Jr. sold 4,149 shares of the stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $32.55, for a total transaction of $135,049.95. Following the completion of the transaction, the director now owns 28,857 shares in the company, valued at approximately $939,295.35. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CMO Karen M. Jones sold 1,413 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $34.80, for a total value of $49,172.40. Following the transaction, the chief marketing officer now owns 6,246 shares of the company’s stock, valued at approximately $217,360.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,755 shares of company stock valued at $259,223. 2.60% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in R. Creative Financial Designs Inc. ADV acquired a new position in shares of Ryder System during the 2nd quarter worth about $26,000. Cerebellum GP LLC acquired a new position in shares of Ryder System during the 2nd quarter worth about $83,000. Verus Capital Partners LLC boosted its stake in shares of Ryder System by 257.7% during the 1st quarter. Verus Capital Partners LLC now owns 1,252 shares of the transportation company’s stock worth $33,000 after buying an additional 902 shares during the last quarter. Twin Tree Management LP acquired a new position in shares of Ryder System during the 1st quarter worth about $50,000. Finally, Fifth Third Bancorp boosted its stake in shares of Ryder System by 249.8% during the 1st quarter. Fifth Third Bancorp now owns 2,627 shares of the transportation company’s stock worth $69,000 after buying an additional 1,876 shares during the last quarter. Hedge funds and other institutional investors own 86.29% 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.

Featured Article: Most Active Stocks: Dollar Volume vs Share Volume

Analyst Recommendations for Ryder System (NYSE:R)

Receive News & Ratings for Ryder System Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ryder System and related companies with MarketBeat.com's FREE daily email newsletter.