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

Ryder System, Inc. (NYSE:R) has been given an average rating of “Moderate Buy” by the eight brokerages that are presently covering the stock, Marketbeat Ratings reports. Four investment 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 $137.86.

Several equities analysts have recently weighed in on the stock. Morgan Stanley assumed coverage on shares of Ryder System in a report on Monday, June 24th. They set an “overweight” rating and a $165.00 price objective on the stock. Robert W. Baird upped their price objective on shares of Ryder System from $140.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, July 26th. StockNews.com lowered shares of Ryder System from a “strong-buy” rating to a “buy” rating in a report on Friday, July 12th. Vertical Research upgraded shares of Ryder System from a “hold” rating to a “buy” rating and upped their price objective for the company from $125.00 to $145.00 in a report on Friday, June 14th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Ryder System from $126.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th.

Insider Transactions at Ryder System

In other Ryder System news, EVP Francisco Jr. Lopez sold 12,730 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $139.32, for a total value of $1,773,543.60. Following the completion of the sale, the executive vice president now directly owns 47,779 shares of the company’s stock, valued at approximately $6,656,570.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Ryder System

A number of institutional investors have recently added to or reduced their stakes in the company. Truist Financial Corp grew its position in Ryder System by 0.6% in the 2nd quarter. Truist Financial Corp now owns 14,303 shares of the transportation company’s stock worth $1,772,000 after purchasing an additional 90 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Ryder System by 0.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 37,516 shares of the transportation company’s stock worth $4,510,000 after purchasing an additional 106 shares in the last quarter. CWM LLC grew its position in shares of Ryder System by 17.9% during the 2nd quarter. CWM LLC now owns 758 shares of the transportation company’s stock valued at $94,000 after acquiring an additional 115 shares during the period. Parallel Advisors LLC grew its position in shares of Ryder System by 8.7% during the 4th quarter. Parallel Advisors LLC now owns 1,455 shares of the transportation company’s stock valued at $167,000 after acquiring an additional 116 shares during the period. Finally, SummerHaven Investment Management LLC grew its position in shares of Ryder System by 1.5% during the 2nd quarter. SummerHaven Investment Management LLC now owns 8,739 shares of the transportation company’s stock valued at $1,083,000 after acquiring an additional 126 shares during the period. 87.47% of the stock is owned by institutional investors.

Ryder System Price Performance

R stock opened at $144.20 on Wednesday. The firm has a market cap of $6.32 billion, a price-to-earnings ratio of 18.78 and a beta of 1.28. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.09. Ryder System has a 12-month low of $91.31 and a 12-month high of $150.00. The company’s fifty day simple moving average is $138.54 and its 200 day simple moving average is $127.45.

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

Ryder System Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Monday, August 19th were given a dividend of $0.81 per share. The ex-dividend date of this dividend was Monday, August 19th. This is an increase from Ryder System’s previous quarterly dividend of $0.71. This represents a $3.24 annualized dividend and a dividend yield of 2.25%. Ryder System’s payout ratio is presently 42.19%.

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.