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

Shares of Ryder System, Inc. (NYSE:R) have received an average rating of “Moderate Buy” from the seven research firms that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $147.43.

R has been the subject of several recent analyst reports. JPMorgan Chase & Co. cut their target price 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. The Goldman Sachs Group raised their price objective on Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, StockNews.com lowered Ryder System from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th.

Ryder System Stock Up 1.8 %

NYSE:R opened at $159.23 on Friday. Ryder System has a 52-week low of $106.62 and a 52-week high of $171.78. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.74 and a current ratio of 0.74. The stock has a 50-day simple moving average of $160.38 and a 200 day simple moving average of $145.09. The company has a market cap of $6.73 billion, a PE ratio of 14.90 and a beta of 1.31.

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, beating analysts’ consensus estimates of $3.39 by $0.05. Ryder System had a net margin of 3.83% and a return on equity of 16.78%. The business had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.29 billion. During the same quarter last year, the firm earned $3.58 earnings per share. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. On average, sell-side 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 was paid on Friday, December 20th. Investors of record on Monday, November 18th were given a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend was Monday, November 18th. Ryder System’s dividend payout ratio is 30.31%.

Insiders Place Their Bets

In related news, insider Thomas M. Havens sold 4,000 shares of Ryder System stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $157.44, for a total transaction of $629,760.00. Following the sale, the insider now directly owns 20,504 shares in the company, valued at $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 available at this hyperlink. Insiders own 5.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of R. Kovitz Investment Group Partners LLC boosted its holdings in shares of Ryder System by 376.5% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 9,764 shares of the transportation company’s stock worth $1,405,000 after buying an additional 7,715 shares in the last quarter. Franklin Resources Inc. boosted its stake in Ryder System by 14.3% during the third quarter. Franklin Resources Inc. now owns 136,781 shares of the transportation company’s stock worth $20,724,000 after acquiring an additional 17,074 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in Ryder System by 83.0% in the third quarter. Janney Montgomery Scott LLC now owns 9,260 shares of the transportation company’s stock worth $1,350,000 after purchasing an additional 4,200 shares during the period. Algert Global LLC increased its stake in Ryder System by 43.5% in the third quarter. Algert Global LLC now owns 25,547 shares of the transportation company’s stock valued at $3,725,000 after purchasing an additional 7,750 shares in the last quarter. Finally, Barclays PLC raised its holdings in shares of Ryder System by 13.1% during the third quarter. Barclays PLC now owns 28,780 shares of the transportation company’s stock valued at $4,196,000 after purchasing an additional 3,344 shares during the period. Institutional investors and hedge funds 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.