Analysts Set Ryder System, Inc. (NYSE:R) Target Price at $140.57

Shares of Ryder System, Inc. (NYSE:R) have received a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $140.57.

A number of analysts have commented on R shares. JPMorgan Chase & Co. decreased their price target on shares of Ryder System from $148.00 to $144.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. StockNews.com lowered Ryder System from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. Finally, Robert W. Baird lifted their target price on Ryder System from $140.00 to $155.00 and gave the company an “outperform” rating in a research report on Friday, July 26th.

Ryder System Trading Up 0.4 %

NYSE:R opened at $159.92 on Thursday. Ryder System has a 12 month low of $105.09 and a 12 month high of $170.20. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.17. The stock has a market capitalization of $6.76 billion, a price-to-earnings ratio of 14.96 and a beta of 1.28. The firm has a fifty day simple moving average of $149.51 and a two-hundred day simple moving average of $135.97.

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

Ryder System Announces Dividend

The business also recently disclosed 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 of this dividend is 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%.

Insider Buying and Selling at Ryder System

In other Ryder System news, insider Thomas M. Havens sold 4,000 shares of Ryder System stock in a transaction dated 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 owns 20,504 shares of the company’s stock, valued at $3,228,149.76. The trade was a 16.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 5.10% of the company’s stock.

Hedge Funds Weigh In On Ryder System

Hedge funds have recently bought and sold shares of the company. UMB Bank n.a. raised its holdings 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 valued at $39,000 after acquiring an additional 80 shares in the last quarter. Truist Financial Corp raised its stake in Ryder System by 0.6% in the second quarter. Truist Financial Corp now owns 14,303 shares of the transportation company’s stock valued at $1,772,000 after purchasing an additional 90 shares in the last quarter. MML Investors Services LLC lifted its position in Ryder System by 4.7% during the third quarter. MML Investors Services LLC now owns 2,078 shares of the transportation company’s stock valued at $303,000 after purchasing an additional 94 shares during the last quarter. Buckley Wealth Management LLC grew its stake in Ryder System by 1.1% in the 3rd quarter. Buckley Wealth Management LLC now owns 9,660 shares of the transportation company’s stock worth $1,408,000 after buying an additional 105 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Ryder System by 0.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 37,516 shares of the transportation company’s stock worth $4,510,000 after buying an additional 106 shares during the last quarter. Hedge funds and other institutional investors own 87.47% of the company’s stock.

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.