Ryder System Inc. (R) Stock Rating Lowered by Stifel Nicolaus
Ryder System Inc. (NYSE:R) was downgraded by stock analysts at Stifel Nicolaus to a “hold” rating in a research report issued to clients and investors on Tuesday. They currently have a $75.00 target price on the stock. Stifel Nicolaus’ target price would suggest a potential downside of 5.53% from the stock’s current price.
A number of other equities research analysts have also weighed in on R. Zacks Investment Research raised Ryder System from a “sell” rating to a “hold” rating in a research note on Friday, September 23rd. Aegis initiated coverage on Ryder System in a research note on Monday, October 24th. They issued a “buy” rating and a $77.00 target price for the company. KeyCorp reissued a “hold” rating on shares of Ryder System in a research note on Sunday, October 9th. Finally, Credit Agricole SA initiated coverage on Ryder System in a research note on Friday, September 30th. They issued a “buy” rating and a $80.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $72.67.
Shares of Ryder System (NYSE:R) opened at 79.39 on Tuesday. The company’s 50-day moving average price is $67.33 and its 200 day moving average price is $66.44. The firm has a market cap of $4.24 billion, a PE ratio of 14.62 and a beta of 1.23. Ryder System has a 1-year low of $45.12 and a 1-year high of $80.15.
Ryder System (NYSE:R) last issued its quarterly earnings results on Tuesday, October 25th. The company reported $1.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.66 by $0.01. Ryder System had a return on equity of 15.76% and a net margin of 4.32%. The firm earned $1.72 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same quarter in the previous year, the company posted $1.74 earnings per share. The company’s revenue was up 3.3% compared to the same quarter last year. On average, analysts predict that Ryder System will post $5.76 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Shareholders of record on Monday, November 21st will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date is Thursday, November 17th. Ryder System’s payout ratio is 32.35%.
In other Ryder System news, EVP Robert D. Fatovic sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 9th. The stock was sold at an average price of $76.14, for a total transaction of $1,142,100.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Karen M. Jones sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, October 28th. The stock was sold at an average price of $69.02, for a total value of $69,020.00. Following the transaction, the executive vice president now owns 4,086 shares in the company, valued at approximately $282,015.72. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. MSI Financial Services Inc increased its position in Ryder System by 6,270.4% in the second quarter. MSI Financial Services Inc now owns 30,960 shares of the company’s stock worth $1,893,000 after buying an additional 30,474 shares during the period. JPMorgan Chase & Co. increased its position in Ryder System by 261.6% in the first quarter. JPMorgan Chase & Co. now owns 94,976 shares of the company’s stock worth $6,153,000 after buying an additional 68,707 shares during the period. Vanguard Group Inc. increased its position in Ryder System by 2.8% in the second quarter. Vanguard Group Inc. now owns 5,078,018 shares of the company’s stock worth $310,470,000 after buying an additional 139,673 shares during the period. Zurich Insurance Group Ltd FI increased its position in Ryder System by 255.5% in the first quarter. Zurich Insurance Group Ltd FI now owns 48,700 shares of the company’s stock worth $3,155,000 after buying an additional 35,000 shares during the period. Finally, Wellington Management Group LLP purchased a new position in Ryder System during the first quarter worth $22,300,000. Hedge funds and other institutional investors own 96.62% of the company’s stock.
About Ryder System
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 full service leasing, commercial rental, contract maintenance and contract-related maintenance of trucks, tractors and trailers to customers 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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