Ryder System, Inc. (NYSE:R) Receives $179.43 Average PT from Brokerages

Shares of Ryder System, Inc. (NYSE:R - Get Free Report) have been given a consensus rating of "Moderate Buy" by the eight research firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $179.43.

Several analysts have weighed in on R shares. Barclays began coverage on Ryder System in a research report on Monday, June 9th. They issued an "overweight" rating and a $190.00 price objective for the company. Wolfe Research raised 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. Stephens cut their price target on shares of Ryder System from $168.00 to $150.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. Susquehanna initiated coverage on shares of Ryder System in a report on Tuesday, July 15th. They set a "positive" rating and a $215.00 target price for the company. Finally, Baird R W raised Ryder System to a "strong-buy" rating in a research report on Tuesday, July 1st.

Ryder System Price Performance

NYSE:R traded up $4.28 during trading hours on Tuesday, hitting $177.10. 558,022 shares of the company's stock traded hands, compared to its average volume of 379,809. Ryder System has a 52 week low of $123.36 and a 52 week high of $180.00. The business's fifty day simple moving average is $158.65 and its two-hundred day simple moving average is $153.40. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.21. The firm has a market cap of $7.32 billion, a P/E ratio of 15.38 and a beta of 0.97.

Ryder System (NYSE:R - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The transportation company reported $3.32 EPS for the quarter, topping analysts' consensus estimates of $3.11 by $0.21. The business had revenue of $3.19 billion during the quarter, compared to analysts' expectations of $3.17 billion. Ryder System had a net margin of 3.96% and a return on equity of 17.64%. The business's quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.00 EPS. On average, research analysts anticipate that Ryder System will post 13.68 earnings per share for the current fiscal year.

Ryder System Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Monday, August 18th will be issued a dividend of $0.91 per share. This is an increase from Ryder System's previous quarterly dividend of $0.81. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date is Monday, August 18th. Ryder System's dividend payout ratio is presently 28.25%.

Insider Transactions at Ryder System

In other news, 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 sale, the director owned 39,802 shares of the company's stock, valued at $5,746,612.76. This represents a 3.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert E. Sanchez sold 18,496 shares of the stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $155.73, for a total transaction of $2,880,382.08. Following the completion of the transaction, the chief executive officer owned 40,824 shares in the company, valued at $6,357,521.52. This trade represents a 31.18% decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Leigh Baldwin & CO. LLC purchased a new stake in Ryder System in the 4th quarter worth $40,475,000. State of Alaska Department of Revenue boosted its holdings in shares of Ryder System by 2.2% during the 1st quarter. State of Alaska Department of Revenue now owns 4,928 shares of the transportation company's stock valued at $708,000 after purchasing an additional 105 shares during the last quarter. DAVENPORT & Co LLC bought a new position in shares of Ryder System during the 1st quarter valued at about $557,000. GAMMA Investing LLC grew its position in shares of Ryder System by 41.8% during the first quarter. GAMMA Investing LLC now owns 1,278 shares of the transportation company's stock valued at $184,000 after purchasing an additional 377 shares in the last quarter. Finally, Gotham Asset Management LLC increased its stake in Ryder System by 10.3% in the 4th quarter. Gotham Asset Management LLC now owns 73,785 shares of the transportation company's stock worth $11,574,000 after acquiring an additional 6,908 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.