Ryder System, Inc. (NYSE:R) has been assigned an average recommendation of “Buy” from the eleven analysts that are currently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $81.83.

Several research analysts recently issued reports on R shares. Zacks Investment Research raised Ryder System from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. ValuEngine raised Ryder System from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. BidaskClub raised Ryder System from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. Buckingham Research began coverage on Ryder System in a research note on Monday, August 21st. They set a “buy” rating and a $85.00 price target on the stock. Finally, Stifel Nicolaus restated a “hold” rating and set a $68.00 price target on shares of Ryder System in a research note on Tuesday, September 5th.

Ryder System (NYSE R) traded down 0.05% during mid-day trading on Friday, reaching $84.85. 399,180 shares of the company’s stock were exchanged. Ryder System has a one year low of $62.03 and a one year high of $85.50. The company’s 50-day moving average is $78.25 and its 200 day moving average is $72.68. The firm has a market capitalization of $4.50 billion, a P/E ratio of 20.43 and a beta of 1.40.

Ryder System (NYSE:R) last posted its earnings results on Wednesday, July 26th. The transportation company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.07. Ryder System had a return on equity of 11.71% and a net margin of 3.17%. The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same quarter in the previous year, the firm earned $1.56 earnings per share. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. Equities analysts predict that Ryder System will post $4.45 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Monday, August 21st were given a $0.46 dividend. The ex-dividend date of this dividend was Thursday, August 17th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.17%. This is an increase from Ryder System’s previous quarterly dividend of $0.44. Ryder System’s dividend payout ratio is 44.12%.

In other Ryder System news, CEO Robert E. Sanchez sold 26,275 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $72.43, for a total transaction of $1,903,098.25. Following the completion of the transaction, the chief executive officer now directly owns 107,237 shares in the company, valued at $7,767,175.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John S. Sensing sold 4,502 shares of the company’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $73.01, for a total transaction of $328,691.02. The disclosure for this sale can be found here. Insiders have sold a total of 40,427 shares of company stock worth $2,933,827 over the last 90 days. Insiders own 1.95% of the company’s stock.

Large investors have recently bought and sold shares of the business. Ameritas Investment Partners Inc. lifted its holdings in Ryder System by 1,152.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 16,028 shares of the transportation company’s stock valued at $1,154,000 after purchasing an additional 14,748 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in Ryder System by 9.5% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 25,412 shares of the transportation company’s stock worth $1,829,000 after purchasing an additional 2,204 shares during the last quarter. Coldstream Capital Management Inc. boosted its stake in Ryder System by 14.3% during the 2nd quarter. Coldstream Capital Management Inc. now owns 8,709 shares of the transportation company’s stock worth $627,000 after purchasing an additional 1,088 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Ryder System by 24.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 87,298 shares of the transportation company’s stock worth $6,284,000 after purchasing an additional 17,406 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Ryder System during the 2nd quarter worth $11,423,000. Institutional investors own 89.54% of the company’s stock.

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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.

Analyst Recommendations for Ryder System (NYSE:R)

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