Analysts Set Ryder System, Inc. (NYSE:R) Price Target at $140.57

Shares of Ryder System, Inc. (NYSE:R) have been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $147.43.

R has been the subject of several recent research reports. The Goldman Sachs Group boosted their target price on shares of Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a research note on Thursday. StockNews.com downgraded shares of Ryder System from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. cut their target price on shares of Ryder System from $148.00 to $144.00 and set a “neutral” rating on the stock in a report on Friday, October 25th.

Ryder System Stock Down 0.7 %

Shares of NYSE R opened at $165.51 on Monday. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.74 and a current ratio of 0.74. Ryder System has a 1 year low of $106.62 and a 1 year high of $171.78. The stock’s 50-day simple moving average is $157.10 and its 200-day simple moving average is $140.78. The firm has a market cap of $7.00 billion, a price-to-earnings ratio of 15.48 and a beta of 1.30.

Ryder System (NYSE:R) last issued its quarterly earnings results 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 business had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.29 billion. During the same quarter in the previous year, the firm earned $3.58 earnings per share. The business’s revenue was up 8.3% compared to the same quarter last year. As a group, equities analysts anticipate that Ryder System will post 12.01 earnings per share for the current fiscal year.

Ryder System Dividend Announcement

The company also recently disclosed 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. This represents a $3.24 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date is Monday, November 18th. Ryder System’s dividend payout ratio is presently 30.31%.

Insider Buying and Selling

In other news, insider Thomas M. Havens sold 4,000 shares of the stock in a transaction 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 completion of the sale, the insider now owns 20,504 shares in the company, valued at approximately $3,228,149.76. This represents a 16.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Kovitz Investment Group Partners LLC boosted its position in shares of Ryder System by 376.5% in the third quarter. Kovitz Investment Group Partners LLC now owns 9,764 shares of the transportation company’s stock worth $1,405,000 after buying an additional 7,715 shares during the period. Janney Montgomery Scott LLC lifted its stake in Ryder System by 83.0% in the 3rd 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 boosted its position in Ryder System by 43.5% during the 3rd quarter. Algert Global LLC now owns 25,547 shares of the transportation company’s stock worth $3,725,000 after acquiring an additional 7,750 shares during the period. Natixis Advisors LLC grew its stake in Ryder System by 15.2% during the 3rd quarter. Natixis Advisors LLC now owns 102,756 shares of the transportation company’s stock valued at $14,982,000 after acquiring an additional 13,586 shares in the last quarter. Finally, FMR LLC increased its holdings in shares of Ryder System by 56.2% in the 3rd quarter. FMR LLC now owns 781,519 shares of the transportation company’s stock valued at $113,945,000 after purchasing an additional 281,052 shares during the period. 87.47% of the stock is currently owned by institutional investors and hedge funds.

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.