Analysts Set Ryder System, Inc. (NYSE:R) Price Target at $126.83

Ryder System, Inc. (NYSE:R) has been assigned an average recommendation of “Hold” from the seven brokerages that are presently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $126.83.

Several brokerages recently issued reports on R. Vertical Research downgraded shares of Ryder System from a “buy” rating to a “hold” rating and set a $120.00 price objective on the stock. in a research note on Wednesday, January 10th. Robert W. Baird reissued a “buy” rating and set a $140.00 price objective on shares of Ryder System in a research note on Wednesday, January 3rd. The Goldman Sachs Group upped their price objective on shares of Ryder System from $122.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Stephens upped their price objective on shares of Ryder System from $113.00 to $120.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 24th. Finally, JPMorgan Chase & Co. increased their price target on shares of Ryder System from $120.00 to $126.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th.

Insider Activity at Ryder System

In other Ryder System news, insider Thomas M. Havens sold 8,000 shares of the firm’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $119.40, for a total transaction of $955,200.00. Following the completion of the transaction, the insider now directly owns 24,401 shares of the company’s stock, valued at approximately $2,913,479.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Ryder System news, Director E Follin Smith sold 3,671 shares of the firm’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $119.16, for a total transaction of $437,436.36. Following the completion of the transaction, the director now directly owns 38,413 shares of the company’s stock, valued at approximately $4,577,293.08. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Thomas M. Havens sold 8,000 shares of the firm’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $119.40, for a total transaction of $955,200.00. Following the transaction, the insider now directly owns 24,401 shares of the company’s stock, valued at $2,913,479.40. The disclosure for this sale can be found here. In the last three months, insiders sold 19,408 shares of company stock valued at $2,270,631. Corporate insiders own 5.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Wellington Management Group LLP lifted its position in Ryder System by 34.9% in the 4th quarter. Wellington Management Group LLP now owns 3,442,545 shares of the transportation company’s stock valued at $396,099,000 after purchasing an additional 890,986 shares during the last quarter. Earnest Partners LLC lifted its position in Ryder System by 2.5% in the 3rd quarter. Earnest Partners LLC now owns 1,666,621 shares of the transportation company’s stock valued at $178,245,000 after purchasing an additional 40,086 shares during the last quarter. LSV Asset Management lifted its position in Ryder System by 3.8% in the 4th quarter. LSV Asset Management now owns 1,629,618 shares of the transportation company’s stock valued at $187,504,000 after purchasing an additional 59,156 shares during the last quarter. AQR Capital Management LLC lifted its position in Ryder System by 12.3% in the 3rd quarter. AQR Capital Management LLC now owns 845,253 shares of the transportation company’s stock valued at $90,400,000 after purchasing an additional 92,760 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in Ryder System by 7.9% in the 3rd quarter. American Century Companies Inc. now owns 775,382 shares of the transportation company’s stock valued at $82,927,000 after purchasing an additional 56,851 shares during the last quarter. 87.47% of the stock is owned by institutional investors and hedge funds.

Ryder System Trading Down 0.9 %

Shares of R opened at $122.03 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 2.22. The firm’s 50-day moving average is $115.35 and its two-hundred day moving average is $111.11. Ryder System has a twelve month low of $77.60 and a twelve month high of $123.79. The firm has a market capitalization of $5.35 billion, a P/E ratio of 15.87 and a beta of 1.40.

Ryder System (NYSE:R) last released its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $2.14 EPS for the quarter, beating the consensus estimate of $1.71 by $0.43. The business had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.06 billion. Ryder System had a net margin of 2.95% and a return on equity of 18.38%. The company’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the business earned $2.81 earnings per share. On average, research analysts predict that Ryder System will post 11.98 earnings per share for the current fiscal year.

Ryder System Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 20th were issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date was Friday, February 16th. Ryder System’s payout ratio is 36.98%.

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.