Ryder System, Inc. (NYSE:R) Receives Average Rating of “Hold” from Brokerages

Shares of Ryder System, Inc. (NYSE:RGet Free Report) have been assigned a consensus recommendation of “Hold” from the six brokerages that are covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $110.33.

R has been the subject of several research analyst reports. Stephens reduced their price objective on Ryder System from $105.00 to $102.00 and set an “equal weight” rating on the stock in a research note on Friday, October 27th. Vertical Research lowered shares of Ryder System from a “buy” rating to a “hold” rating and set a $120.00 price target for the company. in a research report on Wednesday, January 10th. StockNews.com raised Ryder System from a “hold” rating to a “buy” rating in a report on Friday, January 19th. Finally, JPMorgan Chase & Co. raised their target price on shares of Ryder System from $110.00 to $117.00 and gave the company a “neutral” rating in a research report on Thursday, December 21st.

View Our Latest Analysis on R

Insider Buying and Selling at Ryder System

In other Ryder System news, EVP Robert D. Fatovic sold 10,000 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $106.51, for a total value of $1,065,100.00. Following the sale, the executive vice president now directly owns 52,314 shares in the company, valued at $5,571,964.14. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ryder System

A number of institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its stake in shares of Ryder System by 13.6% in the 1st quarter. JPMorgan Chase & Co. now owns 193,131 shares of the transportation company’s stock valued at $15,322,000 after buying an additional 23,111 shares in the last quarter. Cetera Advisor Networks LLC acquired a new stake in Ryder System in the 1st quarter valued at $290,000. MetLife Investment Management LLC lifted its holdings in Ryder System by 33.3% during the 1st quarter. MetLife Investment Management LLC now owns 34,694 shares of the transportation company’s stock valued at $2,752,000 after purchasing an additional 8,674 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Ryder System by 10.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,678 shares of the transportation company’s stock worth $1,561,000 after acquiring an additional 1,876 shares during the period. Finally, Great West Life Assurance Co. Can lifted its position in shares of Ryder System by 12.5% during the 1st quarter. Great West Life Assurance Co. Can now owns 32,930 shares of the transportation company’s stock worth $2,691,000 after buying an additional 3,652 shares during the last quarter. Institutional investors and hedge funds own 83.62% of the company’s stock.

Ryder System Trading Up 1.6 %

Shares of R opened at $118.94 on Tuesday. Ryder System has a fifty-two week low of $76.15 and a fifty-two week high of $119.47. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.51 and a current ratio of 0.53. The business has a 50-day moving average of $113.26 and a 200 day moving average of $105.68. The firm has a market cap of $5.27 billion, a P/E ratio of 11.67 and a beta of 1.41.

Ryder System Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Tuesday, February 20th will be paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 2.39%. Ryder System’s dividend payout ratio (DPR) is 27.87%.

About Ryder System

(Get Free Report

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.

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Analyst Recommendations for Ryder System (NYSE:R)

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