Ryder System, Inc. (NYSE:R) Receives $126.83 Consensus Target Price from Brokerages

Ryder System, Inc. (NYSE:R) has earned a consensus recommendation of “Hold” from the seven brokerages that are covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $126.83.

A number of equities research analysts have recently issued reports on R shares. Robert W. Baird restated a “buy” rating and issued a $140.00 target price on shares of Ryder System in a research note on Wednesday, January 3rd. StockNews.com upgraded shares of Ryder System from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. JPMorgan Chase & Co. increased their price objective on shares of Ryder System from $120.00 to $126.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Vertical Research lowered shares of Ryder System from a “buy” rating to a “hold” rating and set a $120.00 price objective on the stock. in a research note on Wednesday, January 10th. Finally, The Goldman Sachs Group increased their price objective on shares of Ryder System from $122.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th.

Insider Buying and Selling at Ryder System

In other news, Director E Follin Smith sold 3,671 shares of the stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $119.16, for a total value of $437,436.36. Following the completion of the transaction, the director now directly owns 38,413 shares in the company, valued at $4,577,293.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director E Follin Smith sold 3,671 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $119.16, for a total transaction of $437,436.36. Following the completion of the sale, the director now directly owns 38,413 shares in the company, valued at $4,577,293.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CMO Karen M. Jones sold 7,737 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $113.48, for a total transaction of $877,994.76. Following the sale, the chief marketing officer now owns 12,396 shares of the company’s stock, valued at $1,406,698.08. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,408 shares of company stock worth $2,270,631. 5.10% of the stock is owned by company insiders.

Institutional Trading of Ryder System

Large investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP boosted its stake in Ryder System by 1,051.0% in the 3rd quarter. Wellington Management Group LLP now owns 2,551,559 shares of the transportation company’s stock worth $272,889,000 after purchasing an additional 2,329,880 shares during the period. Norges Bank acquired a new position in Ryder System in the 4th quarter worth approximately $86,647,000. Fuller & Thaler Asset Management Inc. acquired a new position in Ryder System in the 3rd quarter worth approximately $25,233,000. LSV Asset Management boosted its stake in Ryder System by 13.5% in the 3rd quarter. LSV Asset Management now owns 1,570,462 shares of the transportation company’s stock worth $167,961,000 after purchasing an additional 187,174 shares during the period. Finally, Sei Investments Co. boosted its stake in Ryder System by 29.1% in the 4th quarter. Sei Investments Co. now owns 756,302 shares of the transportation company’s stock worth $87,024,000 after purchasing an additional 170,650 shares during the period. 87.47% of the stock is currently owned by institutional investors.

Ryder System Stock Performance

NYSE:R opened at $122.03 on Friday. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a 50-day moving average of $115.35 and a two-hundred day moving average of $111.11. The stock has a market cap of $5.35 billion, a P/E ratio of 15.87 and a beta of 1.40. Ryder System has a 1-year low of $77.60 and a 1-year high of $123.79.

Ryder System (NYSE:R) last posted its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $2.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.43. The company had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.06 billion. Ryder System had a net margin of 2.95% and a return on equity of 18.38%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the prior year, the company posted $2.81 EPS. On average, research analysts expect that Ryder System will post 11.98 earnings per share for the current fiscal year.

Ryder System Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 20th were paid a $0.71 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $2.84 annualized dividend and a dividend yield of 2.33%. Ryder System’s payout ratio is currently 36.98%.

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.