Analysts Set Ryder System, Inc. (NYSE:R) Price Target at $137.86

Shares of Ryder System, Inc. (NYSE:R) have been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $137.86.

A number of research firms have recently issued reports on R. Stephens began coverage on Ryder System in a report on Monday, July 8th. They issued an “equal weight” rating for the company. StockNews.com upgraded Ryder System from a “hold” rating to a “buy” rating in a report on Monday. Robert W. Baird upped their price objective on Ryder System from $140.00 to $155.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Finally, JPMorgan Chase & Co. cut their price objective on Ryder System from $126.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th.

Insider Activity at Ryder System

In related news, EVP Francisco Jr. Lopez sold 12,730 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $139.32, for a total transaction of $1,773,543.60. Following the completion of the sale, the executive vice president now directly owns 47,779 shares in the company, valued at $6,656,570.28. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 5.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Ryder System

Institutional investors and hedge funds have recently bought and sold shares of the business. Wolff Wiese Magana LLC bought a new position in shares of Ryder System in the 3rd quarter worth approximately $28,000. EntryPoint Capital LLC bought a new position in shares of Ryder System in the 1st quarter worth approximately $25,000. Altshuler Shaham Ltd bought a new position in shares of Ryder System in the 2nd quarter worth approximately $29,000. UMB Bank n.a. raised its position in shares of Ryder System by 43.2% in the 3rd quarter. UMB Bank n.a. now owns 265 shares of the transportation company’s stock worth $39,000 after acquiring an additional 80 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new position in Ryder System during the 2nd quarter valued at approximately $51,000. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Ryder System Price Performance

Ryder System stock opened at $138.89 on Friday. The stock has a market cap of $6.01 billion, a price-to-earnings ratio of 12.72 and a beta of 1.28. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.09. The business has a 50-day simple moving average of $142.90 and a 200 day simple moving average of $130.81. Ryder System has a 52 week low of $91.31 and a 52 week high of $154.76.

Ryder System (NYSE:R) last announced its earnings results on Thursday, July 25th. The transportation company reported $3.00 earnings per share for the quarter, topping analysts’ consensus estimates of $2.87 by $0.13. The business had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.24 billion. Ryder System had a return on equity of 17.22% and a net margin of 4.06%. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the company earned $3.61 EPS. On average, research analysts forecast that Ryder System will post 12.2 earnings per share for the current fiscal year.

Ryder System Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Monday, November 18th will be issued a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a yield of 2.33%. The ex-dividend date is Monday, November 18th. Ryder System’s dividend payout ratio is presently 29.67%.

About Ryder System

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.