Ryder System, Inc. (NYSE:R) Receives $140.57 Average Price Target from Analysts

Ryder System, Inc. (NYSE:R) has been given an average recommendation of “Moderate Buy” by the seven research firms that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $140.57.

Several equities research analysts have recently commented on R shares. JPMorgan Chase & Co. lowered 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 report on Friday, October 25th. StockNews.com cut Ryder System from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. Finally, Robert W. Baird boosted their target price on Ryder System from $140.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th.

Insider Buying and Selling

In other news, insider Thomas M. Havens sold 4,000 shares of the business’s 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 sale, the insider now directly owns 20,504 shares in the company, valued at approximately $3,228,149.76. The trade was a 16.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 5.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC increased its position in shares of Ryder System by 83.0% during the third quarter. Janney Montgomery Scott LLC now owns 9,260 shares of the transportation company’s stock worth $1,350,000 after buying an additional 4,200 shares during the period. Caxton Associates LP grew its holdings in Ryder System by 206.9% during the 1st quarter. Caxton Associates LP now owns 8,319 shares of the transportation company’s stock worth $1,000,000 after acquiring an additional 5,608 shares during the period. Janus Henderson Group PLC raised its position in shares of Ryder System by 116.5% in the 1st quarter. Janus Henderson Group PLC now owns 47,459 shares of the transportation company’s stock worth $5,704,000 after acquiring an additional 25,533 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its stake in shares of Ryder System by 41.1% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 49,303 shares of the transportation company’s stock valued at $5,926,000 after purchasing an additional 14,360 shares during the period. Finally, Bayesian Capital Management LP bought a new stake in shares of Ryder System during the 1st quarter valued at about $463,000. Institutional investors own 87.47% of the company’s stock.

Ryder System Stock Performance

NYSE:R opened at $159.92 on Thursday. The firm’s 50-day moving average is $149.51 and its 200-day moving average is $135.97. 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 company has a market cap of $6.76 billion, a price-to-earnings ratio of 14.96 and a beta of 1.28. Ryder System has a 52-week low of $105.09 and a 52-week high of $170.20.

Ryder System (NYSE:R) last released its quarterly earnings data 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. The company had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.29 billion. Ryder System had a return on equity of 16.78% and a net margin of 3.83%. The company’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the business earned $3.58 earnings per share. Equities research analysts anticipate that Ryder System will post 12.01 earnings per share for the current year.

Ryder System Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Monday, November 18th will be paid a $0.81 dividend. The ex-dividend date is Monday, November 18th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.03%. Ryder System’s payout ratio is currently 30.31%.

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.