Analysts Set Ryder System, Inc. (NYSE:R) Price Target at $157.00

Shares of Ryder System, Inc. (NYSE:R) have been assigned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $157.00.

R has been the subject of several recent research reports. JPMorgan Chase & Co. dropped their target price on shares of Ryder System from $176.00 to $174.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. StockNews.com downgraded Ryder System from a “buy” rating to a “hold” rating in a report on Wednesday, March 26th.

Hedge Funds Weigh In On Ryder System

Institutional investors and hedge funds have recently modified their holdings of the business. Wealthfront Advisers LLC bought a new position in shares of Ryder System during the fourth quarter worth about $314,075,000. Earnest Partners LLC raised its holdings in shares of Ryder System by 2.4% in the fourth quarter. Earnest Partners LLC now owns 1,905,223 shares of the transportation company’s stock valued at $298,853,000 after purchasing an additional 45,393 shares during the last quarter. Sei Investments Co. lifted its position in shares of Ryder System by 1.6% in the fourth quarter. Sei Investments Co. now owns 856,507 shares of the transportation company’s stock worth $134,351,000 after purchasing an additional 13,529 shares in the last quarter. American Century Companies Inc. boosted its holdings in Ryder System by 0.3% during the fourth quarter. American Century Companies Inc. now owns 843,895 shares of the transportation company’s stock worth $132,373,000 after purchasing an additional 2,121 shares during the last quarter. Finally, FMR LLC increased its stake in Ryder System by 3.1% in the 4th quarter. FMR LLC now owns 805,571 shares of the transportation company’s stock valued at $126,362,000 after buying an additional 24,052 shares during the last quarter. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Ryder System Price Performance

Shares of R stock opened at $140.82 on Friday. The firm has a market cap of $5.88 billion, a price-to-earnings ratio of 12.70 and a beta of 1.10. Ryder System has a 12 month low of $106.88 and a 12 month high of $171.78. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.14. The stock has a 50-day moving average price of $149.43 and a 200 day moving average price of $154.67.

Ryder System (NYSE:R) last issued its quarterly earnings results on Wednesday, February 12th. The transportation company reported $3.45 EPS for the quarter, topping the consensus estimate of $3.39 by $0.06. Ryder System had a net margin of 3.87% and a return on equity of 17.23%. Research analysts expect that Ryder System will post 13.68 EPS for the current year.

Ryder System Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, February 18th were paid a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a yield of 2.30%. The ex-dividend date was Tuesday, February 18th. Ryder System’s payout ratio is presently 29.22%.

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.