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

Ryder System (NYSE:R) had its target price boosted by JPMorgan Chase & Co. from $120.00 to $126.00 in a research report sent to investors on Wednesday morning, Benzinga reports. The brokerage currently has a neutral rating on the transportation company’s stock.

Several other equities research analysts also recently issued reports on R. Robert W. Baird reaffirmed a buy rating and issued a $140.00 price target on shares of Ryder System in a research report on Wednesday, January 3rd. Wells Fargo & Company raised their price target on Ryder System from $100.00 to $120.00 and gave the company an equal weight rating in a research report on Thursday, February 15th. Stephens raised their price target on Ryder System from $113.00 to $120.00 and gave the company an equal weight rating in a research report on Wednesday. The Goldman Sachs Group reaffirmed a buy rating and issued a $122.00 price target on shares of Ryder System in a research report on Thursday, February 15th. Finally, StockNews.com downgraded Ryder System from a buy rating to a hold rating in a research report on Saturday, April 13th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of Hold and a consensus target price of $126.83.

Ryder System Trading Down 0.4 %

Ryder System stock opened at $121.95 on Wednesday. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.82 and a quick ratio of 0.62. The company has a market capitalization of $5.35 billion, a price-to-earnings ratio of 15.88 and a beta of 1.40. Ryder System has a one year low of $76.15 and a one year high of $123.45. The company’s fifty day moving average price is $115.04 and its two-hundred day moving average price is $110.93.

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

Ryder System Dividend Announcement

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

Insider Buying and Selling

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Contravisory Investment Management Inc. bought a new position in Ryder System during the fourth quarter worth about $26,000. Headlands Technologies LLC bought a new position in shares of Ryder System in the third quarter valued at approximately $26,000. GAMMA Investing LLC bought a new position in shares of Ryder System in the fourth quarter valued at approximately $45,000. CWM LLC raised its stake in shares of Ryder System by 33.9% in the third quarter. CWM LLC now owns 438 shares of the transportation company’s stock valued at $47,000 after acquiring an additional 111 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its stake in shares of Ryder System by 406.0% in 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 last quarter. 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.