Ryder System (NYSE:R) PT Raised to $126.00

Ryder System (NYSE:R) had its price objective increased by JPMorgan Chase & Co. from $120.00 to $126.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a neutral rating on the transportation company’s stock.

R has been the topic of a number of other research reports. The Goldman Sachs Group restated a buy rating and set a $122.00 target price on shares of Ryder System in a research report on Thursday, February 15th. Robert W. Baird reaffirmed a buy rating and set a $140.00 price target on shares of Ryder System in a report on Wednesday, January 3rd. StockNews.com downgraded shares of Ryder System from a buy rating to a hold rating in a report on Saturday, April 13th. Stephens upped their price target on shares of Ryder System from $113.00 to $120.00 and gave the stock an equal weight rating in a report on Wednesday. Finally, Vertical Research downgraded shares of Ryder System from a buy rating to a hold rating and set a $120.00 price target for the company. in a report on Wednesday, January 10th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of Hold and a consensus target price of $126.83.

Ryder System Stock Performance

Shares of NYSE:R opened at $121.95 on Wednesday. The company’s 50 day moving average price is $115.04 and its two-hundred day moving average price is $110.93. Ryder System has a 12-month low of $76.15 and a 12-month high of $123.45. The firm has a market cap of $5.35 billion, a PE ratio of 15.88 and a beta of 1.40. The company has a quick ratio of 0.62, a current ratio of 0.82 and a debt-to-equity ratio of 2.22.

Ryder System (NYSE:R) last announced its earnings results on Tuesday, April 23rd. The transportation company reported $2.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.43. Ryder System had a net margin of 2.95% and a return on equity of 18.38%. The firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.06 billion. During the same quarter in the prior year, the business posted $2.81 EPS. The business’s revenue was up 4.9% compared to the same quarter last year. Equities research analysts predict that Ryder System will post 11.98 earnings per share for the current year.

Ryder System Dividend Announcement

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

Insider Buying and Selling at Ryder System

In other Ryder System news, CMO Karen M. Jones sold 7,737 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $113.48, for a total value of $877,994.76. Following the sale, the chief marketing officer now owns 12,396 shares in the company, valued at $1,406,698.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.10% of the company’s stock.

Hedge Funds Weigh In On Ryder System

Hedge funds have recently modified their holdings of the business. Contravisory Investment Management Inc. acquired a new position in shares of Ryder System during the fourth quarter worth $26,000. Headlands Technologies LLC acquired a new position in shares of Ryder System during the third quarter worth $26,000. GAMMA Investing LLC acquired a new position in shares of Ryder System during the fourth quarter worth $45,000. CWM LLC lifted its holdings in shares of Ryder System by 33.9% during the third quarter. CWM LLC now owns 438 shares of the transportation company’s stock worth $47,000 after purchasing an additional 111 shares during the period. Finally, Exchange Traded Concepts LLC lifted its holdings in shares of Ryder System by 406.0% during the third quarter. Exchange Traded Concepts LLC now owns 506 shares of the transportation company’s stock worth $54,000 after purchasing an additional 406 shares during the period. Institutional investors and hedge funds 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.