Ryder System (NYSE:R) Price Target Raised to $173.00

Ryder System (NYSE:R - Free Report) had its target price increased by JPMorgan Chase & Co. from $165.00 to $173.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a neutral rating on the transportation company's stock.

R has been the subject of several other reports. Wall Street Zen cut shares of Ryder System from a "buy" rating to a "hold" rating in a report on Wednesday, March 26th. Robert W. Baird assumed coverage on shares of Ryder System in a report on Tuesday, July 1st. They set an "outperform" rating and a $186.00 price target for the company. Wolfe Research upgraded shares of Ryder System from a "peer perform" rating to an "outperform" rating and set a $159.00 price target for the company in a research report on Tuesday, July 1st. Baird R W upgraded shares of Ryder System to a "strong-buy" rating in a research report on Tuesday, July 1st. Finally, Stephens reduced their price target on shares of Ryder System from $168.00 to $150.00 and set an "equal weight" rating for the company in a research report on Friday, April 25th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $173.50.

Ryder System Stock Down 0.9%

Shares of R stock traded down $1.51 on Tuesday, reaching $174.50. 156,520 shares of the stock were exchanged, compared to its average volume of 325,253. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.21. Ryder System has a twelve month low of $120.84 and a twelve month high of $177.40. The company has a market capitalization of $7.21 billion, a price-to-earnings ratio of 15.21 and a beta of 0.97. The business's 50 day moving average price is $154.66 and its 200 day moving average price is $152.64.

Ryder System (NYSE:R - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $2.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.06. Ryder System had a net margin of 3.96% and a return on equity of 17.64%. The company had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter in the prior year, the firm posted $2.14 earnings per share. Ryder System's revenue for the quarter was up 1.1% on a year-over-year basis. As a group, sell-side analysts expect that Ryder System will post 13.68 earnings per share for the current fiscal year.

Ryder System Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Monday, May 19th were given a dividend of $0.81 per share. The ex-dividend date was Monday, May 19th. This represents a $3.24 dividend on an annualized basis and a yield of 1.86%. Ryder System's dividend payout ratio (DPR) is 28.25%.

Insiders Place Their Bets

In other Ryder System news, CEO Robert E. Sanchez sold 18,496 shares of the company's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $155.73, for a total value of $2,880,382.08. Following the completion of the transaction, the chief executive officer directly owned 40,824 shares of the company's stock, valued at $6,357,521.52. This represents a 31.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director E Follin Smith sold 1,243 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $144.38, for a total transaction of $179,464.34. Following the completion of the transaction, the director directly owned 39,802 shares of the company's stock, valued at approximately $5,746,612.76. The trade was a 3.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Ryder System

Large investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. acquired a new stake in Ryder System during the fourth quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Ryder System during the first quarter worth about $26,000. TCTC Holdings LLC increased its stake in shares of Ryder System by 116.5% in the first quarter. TCTC Holdings LLC now owns 223 shares of the transportation company's stock valued at $32,000 after purchasing an additional 120 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of Ryder System by 61.2% in the first quarter. Geneos Wealth Management Inc. now owns 287 shares of the transportation company's stock valued at $41,000 after purchasing an additional 109 shares during the period. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of Ryder System in the fourth quarter valued at approximately $59,000. 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.