Ryder System, Inc. (NYSE:R) Receives $140.57 Consensus PT from Brokerages

Ryder System, Inc. (NYSE:R) has been given an average recommendation of “Moderate Buy” by the seven ratings firms that are covering the stock, 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 target price among analysts that have updated their coverage on the stock in the last year is $140.57.

Several equities analysts recently weighed in on R shares. JPMorgan Chase & Co. cut their price objective on shares of Ryder System from $148.00 to $144.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. StockNews.com downgraded Ryder System from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th.

Ryder System Stock Up 0.1 %

NYSE R opened at $164.22 on Monday. Ryder System has a 12 month low of $105.09 and a 12 month high of $171.78. The company has a market capitalization of $6.94 billion, a P/E ratio of 15.36 and a beta of 1.30. The company’s 50 day simple moving average is $156.17 and its 200 day simple moving average is $140.29. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.74 and a quick ratio of 0.74.

Ryder System (NYSE:R) last released its earnings results on Thursday, October 24th. The transportation company reported $3.44 earnings per share for the quarter, topping the consensus estimate of $3.39 by $0.05. The business had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.29 billion. Ryder System had a net margin of 3.83% and a return on equity of 16.78%. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period last year, the firm posted $3.58 earnings per share. Equities research analysts expect that Ryder System will post 12.01 earnings per share for the current fiscal year.

Ryder System Announces Dividend

The firm also recently declared 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. The ex-dividend date is Monday, November 18th. This represents a $3.24 dividend on an annualized basis and a yield of 1.97%. Ryder System’s dividend payout ratio is 30.31%.

Insider Activity at Ryder System

In other news, insider Thomas M. Havens sold 4,000 shares of Ryder System stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $157.44, for a total value of $629,760.00. Following the completion of the sale, the insider now directly owns 20,504 shares of the company’s stock, valued at approximately $3,228,149.76. This trade represents a 16.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.10% of the stock is currently owned by company insiders.

Institutional Trading of Ryder System

A number of institutional investors have recently bought and sold shares of the business. Wolff Wiese Magana LLC acquired a new position in shares of Ryder System in the 3rd quarter valued at $28,000. Altshuler Shaham Ltd bought a new stake in shares of Ryder System during the second quarter worth $29,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Ryder System during the third quarter worth $34,000. UMB Bank n.a. lifted its position in Ryder System by 43.2% in the 3rd quarter. UMB Bank n.a. now owns 265 shares of the transportation company’s stock valued at $39,000 after acquiring an additional 80 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Ryder System in the 2nd quarter worth $51,000. 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.