Ryder System, Inc. (NYSE:R)’s share price gapped down prior to trading on Monday . The stock had previously closed at $87.51, but opened at $84.74. Ryder System shares last traded at $76.43, with a volume of 2034800 shares traded.
R has been the topic of several analyst reports. Zacks Investment Research upgraded Ryder System from a “sell” rating to a “hold” rating in a report on Tuesday, January 9th. KeyCorp lowered their price target on Ryder System from $100.00 to $95.00 and set an “overweight” rating on the stock in a report on Tuesday. JPMorgan Chase & Co. lowered their price target on Ryder System from $94.00 to $73.00 and set a “neutral” rating on the stock in a report on Tuesday. Stifel Nicolaus reiterated a “hold” rating and set a $86.00 price target on shares of Ryder System in a report on Thursday, January 18th. Finally, Buckingham Research lowered their price target on Ryder System from $101.00 to $90.00 and set a “buy” rating on the stock in a report on Tuesday. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Ryder System currently has a consensus rating of “Buy” and a consensus target price of $88.00.
The company has a current ratio of 1.11, a quick ratio of 0.96 and a debt-to-equity ratio of 1.91. The stock has a market cap of $3,980.00, a price-to-earnings ratio of 5.06, a P/E/G ratio of 0.92 and a beta of 1.41.
Ryder System (NYSE:R) last announced its quarterly earnings results on Friday, February 16th. The transportation company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.36 by $0.01. Ryder System had a return on equity of 10.47% and a net margin of 10.78%. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter last year, the company posted $1.07 earnings per share. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. equities research analysts forecast that Ryder System, Inc. will post 5.57 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Tuesday, February 20th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 2.77%. This is a boost from Ryder System’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, February 16th. Ryder System’s dividend payout ratio is currently 12.39%.
Ryder System announced that its board has authorized a stock repurchase plan on Thursday, December 14th that allows the company to repurchase 1,500,000 shares. This repurchase authorization allows the transportation company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
In other news, EVP Robert D. Fatovic sold 17,755 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $82.44, for a total value of $1,463,722.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.95% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. boosted its position in shares of Ryder System by 17.1% in the fourth quarter. BlackRock Inc. now owns 5,870,993 shares of the transportation company’s stock valued at $494,161,000 after acquiring an additional 855,742 shares during the period. Wells Fargo & Company MN boosted its position in shares of Ryder System by 2.1% in the fourth quarter. Wells Fargo & Company MN now owns 1,906,691 shares of the transportation company’s stock valued at $160,487,000 after acquiring an additional 39,052 shares during the period. Artisan Partners Limited Partnership boosted its position in shares of Ryder System by 3.1% in the third quarter. Artisan Partners Limited Partnership now owns 1,788,271 shares of the transportation company’s stock valued at $151,198,000 after acquiring an additional 53,772 shares during the period. Pzena Investment Management LLC boosted its position in shares of Ryder System by 145.2% in the fourth quarter. Pzena Investment Management LLC now owns 1,380,890 shares of the transportation company’s stock valued at $116,230,000 after acquiring an additional 817,610 shares during the period. Finally, Schroder Investment Management Group boosted its position in shares of Ryder System by 0.9% in the fourth quarter. Schroder Investment Management Group now owns 1,083,439 shares of the transportation company’s stock valued at $91,193,000 after acquiring an additional 9,961 shares during the period. 89.79% of the stock is owned by institutional investors.
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 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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