Analysts Set Ryder System, Inc. (NYSE:R) Price Target at $126.83

Shares of Ryder System, Inc. (NYSE:R) have received an average recommendation of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $126.83.

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Ryder System from $120.00 to $126.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Wells Fargo & Company upped their price target on shares of Ryder System from $100.00 to $120.00 and gave the company an “equal weight” rating in a research report on Thursday, February 15th. Stephens upped their price target on shares of Ryder System from $113.00 to $120.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 24th. StockNews.com upgraded shares of Ryder System from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. Finally, The Goldman Sachs Group upped their price target on shares of Ryder System from $122.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th.

Ryder System Stock Up 1.0 %

R stock opened at $121.60 on Thursday. Ryder System has a 12 month low of $78.01 and a 12 month high of $128.85. The firm has a market cap of $5.33 billion, a PE ratio of 15.83 and a beta of 1.38. The firm has a 50 day simple moving average of $119.75 and a 200 day simple moving average of $114.44. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.82 and a quick ratio of 0.82.

Ryder System (NYSE:R) last released its earnings results on Tuesday, April 23rd. The transportation company reported $2.14 EPS for the quarter, beating the consensus estimate of $1.71 by $0.43. Ryder System had a net margin of 2.95% and a return on equity of 18.38%. The business had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.06 billion. During the same period in the prior year, the business earned $2.81 earnings per share. The business’s quarterly revenue was up 4.9% on a year-over-year basis. Equities research analysts forecast that Ryder System will post 12.1 earnings per share for the current fiscal year.

Ryder System Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Monday, May 20th will be given a $0.71 dividend. The ex-dividend date is Friday, May 17th. This represents a $2.84 dividend on an annualized basis and a yield of 2.34%. Ryder System’s payout ratio is 36.98%.

Insiders Place Their Bets

In other news, CEO Robert E. Sanchez sold 11,992 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of $127.08, for a total transaction of $1,523,943.36. Following the transaction, the chief executive officer now owns 125,969 shares in the company, valued at approximately $16,008,140.52. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Robert E. Sanchez sold 18,303 shares of the stock in a transaction on Monday, May 13th. The shares were sold at an average price of $126.20, for a total transaction of $2,309,838.60. Following the transaction, the chief executive officer now owns 125,969 shares in the company, valued at approximately $15,897,287.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Robert E. Sanchez sold 11,992 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $127.08, for a total transaction of $1,523,943.36. Following the transaction, the chief executive officer now owns 125,969 shares in the company, valued at approximately $16,008,140.52. The disclosure for this sale can be found here. Insiders sold a total of 96,761 shares of company stock worth $12,052,755 in the last quarter. 5.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. EntryPoint Capital LLC acquired a new position in Ryder System in the 1st quarter valued at $25,000. Contravisory Investment Management Inc. acquired a new stake in Ryder System in the 4th quarter worth $26,000. Headlands Technologies LLC acquired a new stake in Ryder System in the 3rd quarter worth $26,000. GAMMA Investing LLC acquired a new stake in Ryder System in the 4th quarter worth $45,000. Finally, Creekmur Asset Management LLC acquired a new stake in Ryder System in the 4th quarter worth $68,000. 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.