Ryder System (NYSE:R) Coverage Initiated by Analysts at Stephens

Stephens initiated coverage on shares of Ryder System (NYSE:R) in a report issued on Monday, Marketbeat reports. The firm issued an equal weight rating on the transportation company’s stock.

Other research analysts also recently issued research reports about the stock. The Goldman Sachs Group boosted their price objective on shares of Ryder System from $122.00 to $135.00 and gave the stock a buy rating in a report on Wednesday, April 24th. JPMorgan Chase & Co. boosted their price objective on shares of Ryder System from $120.00 to $126.00 and gave the stock a neutral rating in a report on Wednesday, April 24th. Vertical Research upgraded shares of Ryder System from a hold rating to a buy rating and boosted their price objective for the stock from $125.00 to $145.00 in a report on Friday, June 14th. StockNews.com upgraded shares of Ryder System from a buy rating to a strong-buy rating in a report on Thursday, July 4th. Finally, Morgan Stanley initiated coverage on shares of Ryder System in a report on Monday, June 24th. They set an overweight rating and a $165.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of $135.71.

Ryder System Trading Up 4.0 %

Ryder System stock opened at $124.92 on Monday. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market cap of $5.48 billion, a price-to-earnings ratio of 16.27 and a beta of 1.29. Ryder System has a 1 year low of $85.15 and a 1 year high of $128.85. The firm’s 50 day moving average price is $122.45 and its two-hundred day moving average price is $117.55.

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

Ryder System Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Monday, May 20th were given a $0.71 dividend. The ex-dividend date of this dividend was Friday, May 17th. This represents a $2.84 dividend on an annualized basis and a yield of 2.27%. Ryder System’s dividend payout ratio (DPR) is presently 36.98%.

Insider Buying and Selling at Ryder System

In other news, CMO Karen M. Jones sold 6,776 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $120.44, for a total transaction of $816,101.44. Following the transaction, the chief marketing officer now directly owns 5,666 shares in the company, valued at $682,413.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Robert E. Sanchez sold 11,992 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $127.08, for a total transaction of $1,523,943.36. Following the completion of the sale, the chief executive officer now directly owns 125,969 shares of the company’s stock, valued at $16,008,140.52. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CMO Karen M. Jones sold 6,776 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $120.44, for a total transaction of $816,101.44. Following the sale, the chief marketing officer now directly owns 5,666 shares of the company’s stock, valued at $682,413.04. The disclosure for this sale can be found here. Insiders have sold a total of 95,800 shares of company stock worth $11,990,862 over the last ninety days. Corporate insiders own 5.10% of the company’s stock.

Institutional Investors Weigh In On Ryder System

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Ryder System by 2.1% during the first quarter. Vanguard Group Inc. now owns 5,223,396 shares of the transportation company’s stock worth $627,800,000 after acquiring an additional 109,930 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Ryder System by 34.9% during the fourth quarter. Wellington Management Group LLP now owns 3,442,545 shares of the transportation company’s stock worth $396,099,000 after acquiring an additional 890,986 shares in the last quarter. Earnest Partners LLC increased its position in shares of Ryder System by 2.4% during the first quarter. Earnest Partners LLC now owns 1,852,729 shares of the transportation company’s stock worth $222,679,000 after acquiring an additional 43,592 shares in the last quarter. LSV Asset Management increased its position in shares of Ryder System by 3.8% during the fourth quarter. LSV Asset Management now owns 1,629,618 shares of the transportation company’s stock worth $187,504,000 after acquiring an additional 59,156 shares in the last quarter. Finally, Sei Investments Co. increased its position in shares of Ryder System by 7.0% during the first quarter. Sei Investments Co. now owns 809,590 shares of the transportation company’s stock worth $97,301,000 after acquiring an additional 53,288 shares in the last quarter. 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.