Brokerages Set Ryder System, Inc. (NYSE:R) Target Price at $147.43

Ryder System, Inc. (NYSE:R) has received a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $147.43.

Several equities research analysts recently weighed in on R shares. JPMorgan Chase & Co. reduced their target price on Ryder System from $148.00 to $144.00 and set a “neutral” rating for the company in a report on Friday, October 25th. The Goldman Sachs Group boosted their price objective on shares of Ryder System from $160.00 to $183.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Finally, StockNews.com lowered shares of Ryder System from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th.

Insider Activity at Ryder System

In other news, insider Thomas M. Havens sold 4,000 shares of the business’s stock in a transaction that occurred on 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. Corporate insiders own 5.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Kovitz Investment Group Partners LLC grew its stake in shares of Ryder System by 376.5% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 9,764 shares of the transportation company’s stock valued at $1,405,000 after purchasing an additional 7,715 shares during the period. Franklin Resources Inc. grew its position in Ryder System by 14.3% in the third quarter. Franklin Resources Inc. now owns 136,781 shares of the transportation company’s stock valued at $20,724,000 after acquiring an additional 17,074 shares during the period. Janney Montgomery Scott LLC raised its stake in 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 acquiring an additional 4,200 shares in the last quarter. Algert Global LLC lifted its holdings in shares of Ryder System by 43.5% during the third quarter. Algert Global LLC now owns 25,547 shares of the transportation company’s stock valued at $3,725,000 after acquiring an additional 7,750 shares during the period. Finally, Barclays PLC boosted its stake in shares of Ryder System by 13.1% in the 3rd 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 in the last quarter. Institutional investors and hedge funds own 87.47% of the company’s stock.

Ryder System Price Performance

NYSE R opened at $158.42 on Friday. The company has a 50 day moving average price of $161.32 and a two-hundred day moving average price of $145.78. Ryder System has a 12-month low of $106.62 and a 12-month high of $171.78. The stock has a market capitalization of $6.70 billion, a PE ratio of 14.82 and a beta of 1.31. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.17.

Ryder System (NYSE:R) last issued its quarterly earnings data on Thursday, October 24th. The transportation company reported $3.44 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.29 billion. During the same period in the prior year, the company posted $3.58 earnings per share. Ryder System’s revenue for the quarter was up 8.3% on a year-over-year basis. As a group, equities analysts predict that Ryder System will post 12.01 earnings per share for the current fiscal year.

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.