Ryder System (R) Cut to Strong Sell at ValuEngine

ValuEngine cut shares of Ryder System (NYSE:R) from a sell rating to a strong sell rating in a research report report published on Saturday.

A number of other equities research analysts have also recently weighed in on the company. Loop Capital raised Ryder System from a hold rating to a buy rating and set a $78.00 price target for the company in a report on Thursday, October 25th. Zacks Investment Research cut Ryder System from a buy rating to a hold rating in a report on Tuesday, October 16th. Buckingham Research dropped their price target on Ryder System from $91.00 to $89.00 and set a buy rating for the company in a report on Friday, October 12th. Wolfe Research raised Ryder System from a peer perform rating to an outperform rating in a report on Friday, October 5th. Finally, Deutsche Bank assumed coverage on Ryder System in a report on Tuesday, September 4th. They set a buy rating and a $88.00 price target for the company. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. Ryder System currently has a consensus rating of Hold and a consensus price target of $79.82.

R stock opened at $54.72 on Friday. Ryder System has a fifty-two week low of $53.97 and a fifty-two week high of $90.26. The firm has a market cap of $3.04 billion, a P/E ratio of 12.08 and a beta of 1.45. The company has a quick ratio of 0.64, a current ratio of 1.11 and a debt-to-equity ratio of 2.15.

Ryder System (NYSE:R) last released its quarterly earnings results on Friday, October 26th. The transportation company reported $1.64 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.65 by ($0.01). Ryder System had a net margin of 9.98% and a return on equity of 9.88%. The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same period in the prior year, the business earned $1.33 earnings per share. The company’s revenue for the quarter was up 17.2% on a year-over-year basis. As a group, equities research analysts expect that Ryder System will post 5.79 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Shareholders of record on Monday, November 19th will be given a $0.54 dividend. The ex-dividend date of this dividend is Friday, November 16th. This represents a $2.16 dividend on an annualized basis and a yield of 3.95%. Ryder System’s payout ratio is 47.68%.

In other Ryder System news, CEO Robert E. Sanchez sold 27,830 shares of the stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $78.04, for a total value of $2,171,853.20. Following the transaction, the chief executive officer now directly owns 119,387 shares in the company, valued at approximately $9,316,961.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John J. Diez sold 6,520 shares of the stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $79.44, for a total value of $517,948.80. The disclosure for this sale can be found here. Insiders sold a total of 54,453 shares of company stock worth $4,240,748 over the last quarter. Corporate insiders own 2.27% of the company’s stock.

Several large investors have recently bought and sold shares of the company. W.E. Donoghue & Co. LLC boosted its position in shares of Ryder System by 82.0% in the 3rd quarter. W.E. Donoghue & Co. LLC now owns 12,924 shares of the transportation company’s stock worth $944,000 after purchasing an additional 5,823 shares during the last quarter. Alps Advisors Inc. boosted its position in shares of Ryder System by 34.7% in the 3rd quarter. Alps Advisors Inc. now owns 15,406 shares of the transportation company’s stock worth $1,126,000 after purchasing an additional 3,966 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Ryder System by 5.5% in the 3rd quarter. First Trust Advisors LP now owns 465,590 shares of the transportation company’s stock worth $34,021,000 after purchasing an additional 24,230 shares during the last quarter. Balasa Dinverno & Foltz LLC bought a new position in shares of Ryder System in the 3rd quarter worth $220,000. Finally, Calamos Advisors LLC bought a new position in shares of Ryder System in the 3rd quarter worth $524,000. Institutional investors and hedge funds own 90.57% of the company’s stock.

About Ryder System

Ryder System, Inc provides transportation and supply chain management solutions worldwide. The company operates through three segments: Fleet Management Solutions (FMS), Dedicated Transportation Solutions (DTS), and Supply Chain Solutions (SCS). The FMS segment offers full service leasing and leasing with flexible maintenance options, as well as maintenance services, supplies, and related equipment for operation of the vehicles; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers, as well as ancillary maintenance and fleet support services.

Further Reading: Fundamental Analysis

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Analyst Recommendations for Ryder System (NYSE:R)

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