Brokerages Set Ryder System, Inc. (NYSE:R) PT at $140.57

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

Several equities research analysts have recently commented on the stock. The Goldman Sachs Group lifted 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. JPMorgan Chase & Co. reduced their target price on shares of Ryder System from $148.00 to $144.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Finally, StockNews.com cut shares of Ryder System from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th.

Ryder System Trading Down 0.6 %

NYSE:R opened at $165.67 on Monday. Ryder System has a 12 month low of $106.62 and a 12 month high of $171.78. The firm has a fifty day simple moving average of $157.10 and a 200-day simple moving average of $141.08. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.17. The company has a market capitalization of $7.01 billion, a P/E ratio of 15.50 and a beta of 1.30.

Ryder System (NYSE:R) last posted its quarterly earnings data on Thursday, October 24th. The transportation company reported $3.44 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $3.29 billion. During the same period in the previous year, the firm posted $3.58 earnings per share. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. On average, equities research analysts anticipate that Ryder System will post 12.01 earnings per share for the current year.

Ryder System Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Monday, November 18th will be issued a $0.81 dividend. The ex-dividend date is Monday, November 18th. This represents a $3.24 dividend on an annualized basis and a yield of 1.96%. Ryder System’s payout ratio is 30.31%.

Insider Buying and Selling at Ryder System

In other Ryder System news, insider Thomas M. Havens sold 4,000 shares of Ryder System stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $157.44, for a total value of $629,760.00. Following the completion of the transaction, the insider now owns 20,504 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which is accessible through this link. 5.10% of the stock is owned by corporate insiders.

Institutional Trading of Ryder System

A number of institutional investors and hedge funds have recently modified their holdings of the stock. DGS Capital Management LLC purchased a new stake in shares of Ryder System during the third quarter worth about $208,000. Franklin Resources Inc. increased its stake in shares of Ryder System by 14.3% during the third quarter. Franklin Resources Inc. now owns 136,781 shares of the transportation company’s stock worth $20,724,000 after purchasing an additional 17,074 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Ryder System during the third quarter worth about $34,000. Sanctuary Advisors LLC increased its stake in shares of Ryder System by 1.7% during the third quarter. Sanctuary Advisors LLC now owns 7,826 shares of the transportation company’s stock worth $1,141,000 after purchasing an additional 131 shares in the last quarter. Finally, TD Private Client Wealth LLC boosted its position in Ryder System by 18.3% during the third quarter. TD Private Client Wealth LLC now owns 1,056 shares of the transportation company’s stock worth $154,000 after acquiring an additional 163 shares during the last quarter. Hedge funds and other institutional investors own 87.47% of the company’s stock.

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.