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

Shares of Ryder System, Inc. (NYSE:R) have earned an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $137.86.

R has been the subject of several research analyst reports. StockNews.com downgraded shares of Ryder System from a “strong-buy” rating to a “buy” rating in a report on Friday, July 12th. Robert W. Baird boosted 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. Vertical Research upgraded Ryder System from a “hold” rating to a “buy” rating and increased their target price for the stock from $125.00 to $145.00 in a research note on Friday, June 14th. JPMorgan Chase & Co. reduced their price target on Ryder System from $126.00 to $125.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. Finally, Stephens initiated coverage on Ryder System in a report on Monday, July 8th. They issued an “equal weight” rating on the stock.

Ryder System Price Performance

Shares of NYSE R opened at $145.44 on Wednesday. Ryder System has a twelve month low of $91.31 and a twelve month high of $150.00. The company has a market cap of $6.29 billion, a PE ratio of 18.94 and a beta of 1.28. The business’s 50 day moving average price is $138.08 and its two-hundred day moving average price is $126.99. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.09.

Ryder System (NYSE:R) last posted its quarterly earnings results on Thursday, July 25th. The transportation company reported $3.00 earnings per share for the quarter, beating analysts’ consensus estimates of $2.87 by $0.13. Ryder System had a return on equity of 17.22% and a net margin of 4.06%. The business had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.24 billion. During the same quarter in the prior year, the business earned $3.61 EPS. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. On average, analysts predict that Ryder System will post 12.19 EPS for the current year.

Ryder System Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Monday, August 19th were paid a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date was Monday, August 19th. This is a positive change from Ryder System’s previous quarterly dividend of $0.71. Ryder System’s dividend payout ratio (DPR) is 42.19%.

Insider Activity

In other Ryder System news, EVP Francisco Jr. Lopez sold 12,730 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $139.32, for a total transaction of $1,773,543.60. Following the sale, the executive vice president now directly owns 47,779 shares in the company, valued at $6,656,570.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 5.10% of the company’s stock.

Institutional Investors Weigh In On Ryder System

Large investors have recently modified their holdings of the business. Janus Henderson Group PLC lifted its stake in shares of Ryder System by 116.5% in the 1st quarter. Janus Henderson Group PLC now owns 47,459 shares of the transportation company’s stock valued at $5,704,000 after acquiring an additional 25,533 shares during the last quarter. Caxton Associates LP raised its position in shares of Ryder System by 206.9% during the first quarter. Caxton Associates LP now owns 8,319 shares of the transportation company’s stock worth $1,000,000 after acquiring an additional 5,608 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its position in shares of Ryder System by 41.1% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 49,303 shares of the transportation company’s stock worth $5,926,000 after purchasing an additional 14,360 shares during the period. Bayesian Capital Management LP bought a new stake in Ryder System during the first quarter valued at $463,000. Finally, Sei Investments Co. grew its stake in Ryder System by 7.0% during the first quarter. Sei Investments Co. now owns 809,590 shares of the transportation company’s stock worth $97,301,000 after purchasing an additional 53,288 shares during the period. 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.