Ryder System, Inc. (NYSE:R) Given Average Rating of "Moderate Buy" by Brokerages

Shares of Ryder System, Inc. (NYSE:R - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the seven research firms that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $140.57.

A number of analysts have weighed in on the company. StockNews.com cut Ryder System from a "buy" rating to a "hold" rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. reduced their price target on shares of Ryder System from $148.00 to $144.00 and set a "neutral" rating on the stock in a report on Friday, October 25th. Finally, Robert W. Baird raised their price objective on Ryder System from $140.00 to $155.00 and gave the stock an "outperform" rating in a report on Friday, July 26th.

Ryder System Trading Down 1.3 %

R traded down $2.10 during trading on Thursday, reaching $165.66. The company had a trading volume of 305,805 shares, compared to its average volume of 264,423. Ryder System has a 52 week low of $104.44 and a 52 week high of $170.20. The business has a 50 day simple moving average of $147.28 and a 200-day simple moving average of $134.85. The stock has a market cap of $7.01 billion, a P/E ratio of 15.50 and a beta of 1.28. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.17.

Ryder System (NYSE:R - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The transportation company reported $3.44 EPS for the quarter, beating the consensus estimate of $3.39 by $0.05. Ryder System had a net margin of 3.83% and a return on equity of 16.78%. The business had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.29 billion. During the same quarter in the previous year, the business posted $3.58 EPS. The company's quarterly revenue was up 8.3% compared to the same quarter last year. On average, equities analysts anticipate that Ryder System will post 12.01 EPS for the current fiscal year.

Ryder System Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Monday, November 18th will be given a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Monday, November 18th. Ryder System's payout ratio is 30.31%.

Insider Activity

In related news, insider Thomas M. Havens sold 4,000 shares of Ryder System stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $157.44, for a total value of $629,760.00. Following the transaction, the insider now directly owns 20,504 shares of the company's stock, valued at $3,228,149.76. The trade was a 16.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 5.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Ryder System

Hedge funds have recently modified their holdings of the company. FMR LLC raised its holdings in Ryder System by 56.2% in the third quarter. FMR LLC now owns 781,519 shares of the transportation company's stock worth $113,945,000 after purchasing an additional 281,052 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Ryder System by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 5,223,396 shares of the transportation company's stock valued at $627,800,000 after purchasing an additional 109,930 shares during the last quarter. Millennium Management LLC boosted its stake in Ryder System by 1,915.0% during the second quarter. Millennium Management LLC now owns 103,935 shares of the transportation company's stock worth $12,875,000 after buying an additional 98,777 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in Ryder System by 242.5% during the first quarter. Jacobs Levy Equity Management Inc. now owns 92,666 shares of the transportation company's stock worth $11,138,000 after purchasing an additional 65,609 shares during the period. Finally, Earnest Partners LLC raised its position in Ryder System by 3.4% in the 2nd quarter. Earnest Partners LLC now owns 1,915,544 shares of the transportation company's stock valued at $237,298,000 after purchasing an additional 62,815 shares in the last quarter. 87.47% of the stock is currently owned by institutional investors.

Ryder System Company Profile

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.