Brokerages Set Ryder System, Inc. (NYSE:R) Price Target at $137.86

Shares of Ryder System, Inc. (NYSE:R) have earned an average recommendation of “Moderate Buy” from the eight brokerages that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $137.86.

R has been the subject of a number of research reports. Morgan Stanley initiated coverage on Ryder System in a report on Monday, June 24th. They set an “overweight” rating and a $165.00 target price for the company. Robert W. Baird lifted their target price on Ryder System from $140.00 to $155.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Stephens initiated coverage on Ryder System in a report on Monday, July 8th. They set an “equal weight” rating for the company. The Goldman Sachs Group lifted their target price on Ryder System from $122.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Finally, JPMorgan Chase & Co. dropped their price target on Ryder System from $126.00 to $125.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th.

Insiders Place Their Bets

In related news, CMO Karen M. Jones sold 6,776 shares of the stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $120.44, for a total value of $816,101.44. Following the completion of the transaction, the chief marketing officer now owns 5,666 shares of the company’s stock, valued at approximately $682,413.04. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, EVP Francisco Jr. Lopez sold 12,730 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $139.32, for a total value of $1,773,543.60. Following the completion of the transaction, the executive vice president now owns 47,779 shares of the company’s stock, valued at $6,656,570.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Karen M. Jones sold 6,776 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $120.44, for a total transaction of $816,101.44. Following the completion of the transaction, the chief marketing officer now owns 5,666 shares of the company’s stock, valued at approximately $682,413.04. The disclosure for this sale can be found here. Insiders own 5.10% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Janus Henderson Group PLC raised its holdings in Ryder System by 116.5% in the 1st quarter. Janus Henderson Group PLC now owns 47,459 shares of the transportation company’s stock valued at $5,704,000 after buying an additional 25,533 shares during the last quarter. Caxton Associates LP raised 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 purchasing an additional 5,608 shares during the last quarter. State Board of Administration of Florida Retirement System raised its holdings in Ryder System by 41.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 49,303 shares of the transportation company’s stock worth $5,926,000 after purchasing an additional 14,360 shares during the last quarter. Sei Investments Co. raised its holdings in Ryder System by 7.0% during the 1st quarter. Sei Investments Co. now owns 809,590 shares of the transportation company’s stock worth $97,301,000 after purchasing an additional 53,288 shares during the last quarter. Finally, Bayesian Capital Management LP bought a new position in Ryder System during the 1st quarter worth approximately $463,000. Institutional investors own 87.47% of the company’s stock.

Ryder System Trading Down 1.3 %

Shares of Ryder System stock opened at $131.84 on Tuesday. The business has a fifty day simple moving average of $126.58 and a two-hundred day simple moving average of $120.70. Ryder System has a 1 year low of $91.31 and a 1 year high of $143.54. The company has a market capitalization of $5.78 billion, a price-to-earnings ratio of 17.17 and a beta of 1.29. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.74 and a quick ratio of 0.74.

Ryder System (NYSE:R) last posted its earnings results on Thursday, July 25th. The transportation company reported $3.00 earnings per share for the quarter, topping analysts’ consensus estimates of $2.87 by $0.13. Ryder System had a return on equity of 17.22% and a net margin of 4.06%. The company had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.24 billion. During the same quarter last year, the firm earned $3.61 earnings per share. The company’s revenue was up 10.3% on a year-over-year basis. Research analysts forecast that Ryder System will post 12.19 EPS for the current year.

Ryder System Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Monday, August 19th will be given a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend is Monday, August 19th. This is a boost from Ryder System’s previous quarterly dividend of $0.71. Ryder System’s payout ratio is currently 42.19%.

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.