Ryder System, Inc. (NYSE:R) – KeyCorp boosted their FY2018 EPS estimates for shares of Ryder System in a report issued on Wednesday. KeyCorp analyst T. Fowler now anticipates that the transportation company will post earnings per share of $5.35 for the year, up from their previous forecast of $5.10. KeyCorp currently has a “Overweight” rating on the stock.
Other equities analysts have also recently issued research reports about the company. ValuEngine upgraded Ryder System from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. BidaskClub upgraded Ryder System from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. Buckingham Research assumed coverage on Ryder System in a report on Monday, August 21st. They issued a “buy” rating and a $85.00 price target on the stock. Zacks Investment Research cut Ryder System from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $68.00 price target on shares of Ryder System in a report on Tuesday, September 5th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Ryder System has an average rating of “Buy” and an average target price of $77.17.
Shares of Ryder System (NYSE R) opened at 79.46 on Friday. The company has a market capitalization of $4.21 billion, a PE ratio of 19.13 and a beta of 1.37. The firm has a 50-day moving average of $75.01 and a 200 day moving average of $72.21. Ryder System has a 12 month low of $62.03 and a 12 month high of $85.42.
Ryder System (NYSE:R) last issued its quarterly earnings results on Wednesday, July 26th. The transportation company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.93 by $0.07. Ryder System had a net margin of 2.86% and a return on equity of 9.80%. The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same period in the previous year, the business earned $1.56 earnings per share. Ryder System’s revenue for the quarter was up 5.3% compared to the same quarter last year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlueMountain Capital Management LLC acquired a new stake in shares of Ryder System during the second quarter worth about $109,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Ryder System by 8.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,953 shares of the transportation company’s stock worth $141,000 after purchasing an additional 156 shares during the period. JFS Wealth Advisors LLC raised its position in shares of Ryder System by 1.1% during the second quarter. JFS Wealth Advisors LLC now owns 2,160 shares of the transportation company’s stock worth $156,000 after purchasing an additional 24 shares during the period. LS Investment Advisors LLC raised its position in shares of Ryder System by 28.8% during the first quarter. LS Investment Advisors LLC now owns 2,473 shares of the transportation company’s stock worth $187,000 after purchasing an additional 553 shares during the period. Finally, Edmond DE Rothschild Holding S.A. raised its position in shares of Ryder System by 94.7% during the second quarter. Edmond DE Rothschild Holding S.A. now owns 2,550 shares of the transportation company’s stock worth $183,000 after purchasing an additional 1,240 shares during the period. 89.54% of the stock is currently owned by institutional investors.
In other news, CEO Robert E. Sanchez sold 26,275 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $72.43, for a total transaction of $1,903,098.25. Following the sale, 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 legal filing with the SEC, which is available at the SEC website. Also, insider John S. Sensing sold 4,502 shares of the firm’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $73.01, for a total value of $328,691.02. The disclosure for this sale can be found here. Insiders sold 40,427 shares of company stock worth $2,933,827 in the last three months. Insiders own 1.95% of the company’s stock.
The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Monday, August 21st were paid a $0.46 dividend. This is a positive change from Ryder System’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Thursday, August 17th. This represents a $1.84 annualized dividend and a yield of 2.32%. Ryder System’s dividend payout ratio is presently 44.12%.
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.
Receive News & Ratings for Ryder System Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ryder System Inc. and related companies with MarketBeat.com's FREE daily email newsletter.