Ryder System (NYSE:R) Given New $135.00 Price Target at The Goldman Sachs Group

Ryder System (NYSE:R - Free Report) had its price target lifted by The Goldman Sachs Group from $122.00 to $135.00 in a report released on Wednesday, Benzinga reports. The Goldman Sachs Group currently has a buy rating on the transportation company's stock.

A number of other research firms also recently commented on R. Robert W. Baird reiterated a buy rating and issued a $140.00 price objective on shares of Ryder System in a report on Wednesday, January 3rd. Wells Fargo & Company upped their price objective on shares of Ryder System from $100.00 to $120.00 and gave the company an equal weight rating in a report on Thursday, February 15th. Vertical Research cut shares of Ryder System from a buy rating to a hold rating and set a $120.00 price target for the company. in a research note on Wednesday, January 10th. StockNews.com cut Ryder System from a buy rating to a hold rating in a report on Saturday, April 13th. Finally, Stephens raised their target price on Ryder System from $113.00 to $120.00 and gave the stock an equal weight rating in a research note on Wednesday. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of Hold and an average target price of $123.71.

Ryder System Stock Up 0.1 %

Shares of NYSE R traded up $0.18 during trading hours on Wednesday, hitting $122.19. 509,590 shares of the stock were exchanged, compared to its average volume of 263,139. The firm has a fifty day moving average price of $114.26 and a 200-day moving average price of $110.58. The company has a market cap of $5.40 billion, a PE ratio of 13.85 and a beta of 1.40. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.80. Ryder System has a 12 month low of $76.15 and a 12 month high of $122.94.

Ryder System (NYSE:R - Get Free Report) last released 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 3.45% and a return on equity of 19.68%. The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.06 billion. During the same quarter last year, the business earned $2.81 earnings per share. The firm's revenue was up 4.9% on a year-over-year basis. On average, sell-side analysts expect that Ryder System will post 11.9 EPS for the current year.

Ryder System Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders 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 yield of 2.32%. Ryder System's dividend payout ratio is currently 32.53%.

Insider Activity at Ryder System

In other news, CMO Karen M. Jones sold 7,737 shares of the business's stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $113.48, for a total value of $877,994.76. Following the completion of the sale, the chief marketing officer now directly owns 12,396 shares of the company's stock, valued at approximately $1,406,698.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.10% of the company's stock.

Institutional Trading of Ryder System

Several hedge funds and other institutional investors have recently made changes to their positions in R. Advisors Preferred LLC purchased a new stake in shares of Ryder System during the 4th quarter worth $1,892,000. Cambridge Financial Group Inc. purchased a new position in Ryder System in the 3rd quarter valued at approximately $8,186,000. UBS Group AG raised its holdings in Ryder System by 24.2% during the third quarter. UBS Group AG now owns 78,946 shares of the transportation company's stock worth $8,443,000 after purchasing an additional 15,361 shares during the last quarter. Earnest Partners LLC lifted its holdings in shares of Ryder System by 2.5% in the third quarter. Earnest Partners LLC now owns 1,666,621 shares of the transportation company's stock valued at $178,245,000 after purchasing an additional 40,086 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake in shares of Ryder System by 174.7% during the third quarter. DekaBank Deutsche Girozentrale now owns 7,717 shares of the transportation company's stock valued at $812,000 after acquiring an additional 4,908 shares during the last quarter. Hedge funds and other 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.