Ryder System (NYSE:R) Price Target Increased to $155.00 by Analysts at Robert W. Baird

Ryder System (NYSE:R) had its target price increased by Robert W. Baird from $140.00 to $155.00 in a report issued on Friday morning, Benzinga reports. They currently have an outperform rating on the transportation company’s stock.

Several other brokerages have also issued reports on R. The Goldman Sachs Group boosted their price target on Ryder System from $122.00 to $135.00 and gave the company a buy rating in a research note on Wednesday, April 24th. Morgan Stanley started coverage on Ryder System in a report on Monday, June 24th. They set an overweight rating and a $165.00 price objective for the company. StockNews.com downgraded Ryder System from a strong-buy rating to a buy rating in a report on Friday, July 12th. JPMorgan Chase & Co. decreased their price objective on Ryder System from $126.00 to $125.00 and set a neutral rating for the company in a report on Tuesday, July 9th. Finally, Stephens started coverage on Ryder System in a report on Monday, July 8th. They set an equal weight rating for the company. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Ryder System has an average rating of Moderate Buy and a consensus target price of $137.86.

Ryder System Price Performance

Shares of R opened at $135.62 on Friday. Ryder System has a 52-week low of $91.31 and a 52-week high of $137.10. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.74 and a current ratio of 0.74. The business’s 50 day moving average price is $124.00 and its two-hundred day moving average price is $119.18. The firm has a market cap of $5.94 billion, a PE ratio of 17.66 and a beta of 1.29.

Ryder System (NYSE:R) last issued its quarterly earnings results on Thursday, July 25th. The transportation company reported $3.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.87 by $0.13. Ryder System had a return on equity of 17.22% and a net margin of 4.06%. The firm had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same period in the previous year, the firm earned $3.61 earnings per share. The company’s revenue was up 10.3% compared to the same quarter last year. On average, equities analysts anticipate that Ryder System will post 12.4 EPS for the current year.

Ryder System Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Monday, August 19th will be issued a dividend of $0.81 per share. The ex-dividend date is Monday, August 19th. This represents a $3.24 annualized dividend and a yield of 2.39%. This is an increase from Ryder System’s previous quarterly dividend of $0.71. Ryder System’s dividend payout ratio is 42.19%.

Insider Buying and Selling

In related news, CFO John J. Diez sold 13,000 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $126.69, for a total transaction of $1,646,970.00. Following the completion of the sale, the chief financial officer now owns 135,471 shares in the company, valued at $17,162,820.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Ryder System news, CFO John J. Diez sold 13,000 shares of the business’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $126.69, for a total value of $1,646,970.00. Following the transaction, the chief financial officer now owns 135,471 shares of the company’s stock, valued at $17,162,820.99. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Sanford J. Hodes sold 3,360 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $125.59, for a total value of $421,982.40. Following the completion of the transaction, the senior vice president now directly owns 24,119 shares in the company, valued at approximately $3,029,105.21. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 84,129 shares of company stock worth $10,598,226. 5.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of R. EntryPoint Capital LLC purchased a new position in shares of Ryder System during the 1st quarter valued at $25,000. GAMMA Investing LLC purchased a new position in shares of Ryder System during the 4th quarter valued at $45,000. Creekmur Asset Management LLC purchased a new position in shares of Ryder System during the 4th quarter valued at $68,000. CWM LLC lifted its position in shares of Ryder System by 62.0% during the 1st quarter. CWM LLC now owns 643 shares of the transportation company’s stock valued at $77,000 after buying an additional 246 shares during the last quarter. Finally, Quent Capital LLC lifted its position in shares of Ryder System by 17.7% during the 4th quarter. Quent Capital LLC now owns 745 shares of the transportation company’s stock valued at $86,000 after buying an additional 112 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.