Ryder System, Inc. (NYSE:R) Receives $160.50 Average PT from Brokerages

Ryder System, Inc. (NYSE:R) has been given a consensus rating of “Moderate Buy” by the six research firms that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $160.50.

A number of equities analysts recently weighed in on R shares. JPMorgan Chase & Co. reduced their price target on Ryder System from $174.00 to $165.00 and set a “neutral” rating for the company in a report on Thursday, April 24th. Wall Street Zen cut Ryder System from a “buy” rating to a “hold” rating in a report on Wednesday, March 26th. Finally, Stephens reduced their price target on Ryder System from $168.00 to $150.00 and set an “equal weight” rating for the company in a report on Friday, April 25th.

Ryder System Stock Up 1.6%

Shares of R opened at $150.60 on Monday. Ryder System has a 52 week low of $116.58 and a 52 week high of $171.78. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.14. The company has a market capitalization of $6.23 billion, a price-to-earnings ratio of 13.58 and a beta of 0.94. The stock’s 50-day moving average price is $144.53 and its 200-day moving average price is $153.43.

Ryder System (NYSE:R) last issued its earnings results on Wednesday, April 23rd. The transportation company reported $2.46 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.06. Ryder System had a return on equity of 17.23% and a net margin of 3.87%. The firm had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter in the prior year, the business earned $2.14 earnings per share. The company’s revenue was up 1.1% compared to the same quarter last year. On average, sell-side analysts predict that Ryder System will post 13.68 EPS for the current year.

Ryder System Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Monday, May 19th will be issued a dividend of $0.81 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.15%. Ryder System’s payout ratio is currently 28.25%.

Insider Buying and Selling at Ryder System

In other Ryder System news, Director E Follin Smith sold 1,243 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $144.38, for a total transaction of $179,464.34. Following the completion of the transaction, the director now owns 39,802 shares of the company’s stock, valued at $5,746,612.76. This represents a 3.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert E. Sanchez sold 18,496 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $155.73, for a total value of $2,880,382.08. Following the completion of the sale, the chief executive officer now directly owns 40,824 shares of the company’s stock, valued at approximately $6,357,521.52. This represents a 31.18% decrease in their position. The disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.

Institutional Investors Weigh In On Ryder System

Several hedge funds and other institutional investors have recently made changes to their positions in R. Wealthfront Advisers LLC acquired a new stake in shares of Ryder System in the fourth quarter valued at approximately $314,075,000. Norges Bank acquired a new stake in shares of Ryder System in the fourth quarter valued at approximately $97,844,000. Wellington Management Group LLP increased its holdings in shares of Ryder System by 16.2% in the first quarter. Wellington Management Group LLP now owns 2,984,836 shares of the transportation company’s stock valued at $429,249,000 after purchasing an additional 415,103 shares during the last quarter. Leigh Baldwin & CO. LLC acquired a new stake in shares of Ryder System in the fourth quarter valued at approximately $40,475,000. Finally, GAMMA Investing LLC increased its holdings in shares of Ryder System by 20,298.3% in the first quarter. GAMMA Investing LLC now owns 183,789 shares of the transportation company’s stock valued at $26,431,000 after purchasing an additional 182,888 shares during the last quarter. Institutional investors and hedge funds own 87.47% of the company’s stock.

Ryder System Company Profile

Ryder System, Inc operates as a logistics and transportation company worldwide. It operates through three segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Transportation Solutions (DTS). The FMS segment offers full-service leasing and leasing with flexible maintenance options; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers; access to diesel fuel; and fuel planning and tax reporting, cards, and monitoring services, and centralized billing, as well as sells used vehicles through its retail sales centers and www.ryder.com/used-trucks website, as well as digital and technology support services.