Ryder System, Inc. (NYSE:R) Receives $147.43 Consensus Target Price from Analysts

Ryder System, Inc. (NYSE:R) has received a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $147.43.

A number of brokerages have commented on R. JPMorgan Chase & Co. decreased their price objective on Ryder System from $148.00 to $144.00 and set a “neutral” rating for the company in a report on Friday, October 25th. StockNews.com downgraded Ryder System from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. Finally, The Goldman Sachs Group increased their price target on Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a research report on Thursday, December 12th.

Insider Activity

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

Institutional Trading of Ryder System

Several hedge funds have recently made changes to their positions in R. Earnest Partners LLC lifted its stake in shares of Ryder System by 3.4% during the 2nd quarter. Earnest Partners LLC now owns 1,915,544 shares of the transportation company’s stock valued at $237,298,000 after buying an additional 62,815 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Ryder System by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,722,222 shares of the transportation company’s stock worth $213,345,000 after acquiring an additional 31,550 shares during the period. American Century Companies Inc. grew its position in shares of Ryder System by 1.9% in the second quarter. American Century Companies Inc. now owns 890,877 shares of the transportation company’s stock valued at $110,362,000 after purchasing an additional 17,009 shares in the last quarter. Sei Investments Co. raised its stake in shares of Ryder System by 4.7% during the 2nd quarter. Sei Investments Co. now owns 847,581 shares of the transportation company’s stock valued at $104,997,000 after purchasing an additional 37,991 shares during the period. Finally, FMR LLC lifted its holdings in Ryder System by 56.2% during the 3rd quarter. FMR LLC now owns 781,519 shares of the transportation company’s stock worth $113,945,000 after purchasing an additional 281,052 shares in the last quarter. 87.47% of the stock is currently owned by institutional investors.

Ryder System Price Performance

Shares of R opened at $159.23 on Friday. The business’s fifty day moving average is $160.38 and its 200 day moving average is $145.09. Ryder System has a 12-month low of $106.62 and a 12-month high of $171.78. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.17. The stock has a market cap of $6.73 billion, a P/E ratio of 14.90 and a beta of 1.31.

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

Ryder System Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Monday, November 18th were paid a $0.81 dividend. The ex-dividend date was Monday, November 18th. This represents a $3.24 dividend on an annualized basis and a yield of 2.03%. Ryder System’s dividend payout ratio (DPR) is presently 30.31%.

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.