Ryder System, Inc. (NYSE:R) Given Average Recommendation of “Hold” by Analysts

Shares of Ryder System, Inc. (NYSE:R) have been assigned a consensus rating of “Hold” from the seven research firms that are covering the firm, MarketBeat reports. Five research 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 brokerages that have issued ratings on the stock in the last year is $126.83.

R has been the subject of several recent analyst reports. The Goldman Sachs Group raised their target price on Ryder System from $122.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday. Wells Fargo & Company raised their price objective on Ryder System from $100.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 15th. Stephens upped their target price on Ryder System from $113.00 to $120.00 and gave the company an “equal weight” rating in a report on Wednesday. StockNews.com raised shares of Ryder System from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Ryder System from $120.00 to $126.00 and gave the company a “neutral” rating in a research report on Wednesday.

Ryder System Price Performance

R stock opened at $121.95 on Friday. The firm has a 50-day moving average of $115.04 and a two-hundred day moving average of $110.93. The firm has a market capitalization of $5.35 billion, a PE ratio of 15.88 and a beta of 1.40. The company has a current ratio of 0.82, a quick ratio of 0.62 and a debt-to-equity ratio of 2.22. Ryder System has a one year low of $76.15 and a one year high of $123.45.

Ryder System (NYSE:R) last issued its quarterly 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 the consensus estimate of $3.06 billion. During the same quarter in the prior year, the firm earned $2.81 EPS. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. On average, analysts forecast that Ryder System will post 11.9 earnings per share for the current year.

Ryder System Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 20th were paid a $0.71 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $2.84 annualized dividend and a dividend yield of 2.33%. Ryder System’s payout ratio is 36.98%.

Insider Buying and Selling

In other news, CMO Karen M. Jones sold 7,737 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $113.48, for a total transaction of $877,994.76. Following the transaction, the chief marketing officer now owns 12,396 shares in the company, valued at approximately $1,406,698.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Ryder System

Large investors have recently made changes to their positions in the stock. Contravisory Investment Management Inc. bought a new stake in Ryder System during the fourth quarter worth approximately $26,000. Headlands Technologies LLC acquired a new position in Ryder System in the 3rd quarter valued at $26,000. GAMMA Investing LLC acquired a new position in Ryder System in the 4th quarter valued at $45,000. CWM LLC lifted its position in Ryder System by 33.9% during the 3rd quarter. CWM LLC now owns 438 shares of the transportation company’s stock worth $47,000 after acquiring an additional 111 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its holdings in Ryder System by 406.0% during the third quarter. Exchange Traded Concepts LLC now owns 506 shares of the transportation company’s stock valued at $54,000 after acquiring an additional 406 shares during the period. Institutional investors own 87.47% of the company’s stock.

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.