Aegis restated their buy rating on shares of Ryder System, Inc. (NYSE:R) in a research note published on Tuesday. Aegis currently has a $91.00 price target on the transportation company’s stock, up from their previous price target of $84.00.
R has been the subject of a number of other research reports. Zacks Investment Research upgraded Ryder System from a hold rating to a buy rating and set a $92.00 price target for the company in a research report on Tuesday, September 26th. BidaskClub cut Ryder System from a buy rating to a hold rating in a research report on Sunday, July 30th. ValuEngine upgraded Ryder System from a hold rating to a buy rating in a research report on Friday, September 1st. Stifel Nicolaus restated a hold rating and issued a $68.00 price target on shares of Ryder System in a research report on Tuesday, September 5th. Finally, KeyCorp upgraded Ryder System from a sector weight rating to an overweight rating in a research report on Wednesday, September 13th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Ryder System currently has a consensus rating of Buy and a consensus price target of $83.86.
Shares of Ryder System (NYSE:R) traded down 0.74% during midday trading on Tuesday, reaching $83.24. The company had a trading volume of 192,489 shares. The stock has a market capitalization of $4.41 billion, a PE ratio of 20.04 and a beta of 1.41. Ryder System has a 1-year low of $62.03 and a 1-year high of $85.50. The company’s 50-day moving average is $80.66 and its 200-day moving average is $73.27.
Ryder System (NYSE:R) last posted its quarterly earnings data on Wednesday, July 26th. The transportation company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.07. The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.76 billion. Ryder System had a return on equity of 11.71% and a net margin of 3.17%. Ryder System’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.56 earnings per share. On average, equities research analysts forecast that Ryder System will post $4.46 EPS for the current year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Monday, November 20th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend is Friday, November 17th. Ryder System’s dividend payout ratio (DPR) is 44.12%.
In other news, CEO Robert E. Sanchez sold 26,275 shares of the company’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $72.43, for a total value of $1,903,098.25. Following the completion of the transaction, the chief executive officer now owns 107,237 shares of the company’s stock, valued at $7,767,175.91. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Dennis C. Cooke sold 9,650 shares of the company’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $72.75, for a total value of $702,037.50. Following the completion of the transaction, the insider now directly owns 2,883 shares of the company’s stock, valued at approximately $209,738.25. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,427 shares of company stock valued at $2,933,827. Corporate insiders own 1.95% of the company’s stock.
A number of institutional investors have recently made changes to their positions in R. UBS Asset Management Americas Inc. boosted its stake in Ryder System by 20.0% during the first quarter. UBS Asset Management Americas Inc. now owns 40,892 shares of the transportation company’s stock valued at $3,085,000 after buying an additional 6,821 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Ryder System by 12.7% during the first quarter. Ameriprise Financial Inc. now owns 72,992 shares of the transportation company’s stock valued at $5,505,000 after buying an additional 8,204 shares during the last quarter. Mutual of America Capital Management LLC boosted its stake in Ryder System by 9.5% during the first quarter. Mutual of America Capital Management LLC now owns 6,774 shares of the transportation company’s stock valued at $511,000 after buying an additional 588 shares during the last quarter. Mason Street Advisors LLC boosted its stake in Ryder System by 1.0% during the first quarter. Mason Street Advisors LLC now owns 7,389 shares of the transportation company’s stock valued at $557,000 after buying an additional 75 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Ryder System by 3.2% during the first quarter. JPMorgan Chase & Co. now owns 61,306 shares of the transportation company’s stock valued at $4,625,000 after buying an additional 1,894 shares during the last quarter. 89.54% of the stock is owned by institutional investors.
Ryder System Company Profile
Ryder System, Inc is engaged in offering transportation and supply chain management solutions. The Company operates through three segments: Fleet Management Solutions (FMS), which provides leasing, commercial rental, contract maintenance, and contract-related maintenance of trucks, tractors and trailers to customers principally in the United States, Canada and the United Kingdom; Dedicated Transportation Solutions (DTS), which provides vehicles and drivers as part of a dedicated transportation solution in the United States, and Supply Chain Solutions (SCS), which provides supply chain solutions, including distribution and transportation services in North America and Asia.
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