Ryder System (NYSE:R) PT Raised to $135.00

Ryder System (NYSE:R) had its price objective lifted by The Goldman Sachs Group from $122.00 to $135.00 in a research report released on Wednesday, Benzinga reports. They currently have a buy rating on the transportation company’s stock.

Other equities analysts also recently issued research reports about the company. Vertical Research downgraded Ryder System from a buy rating to a hold rating and set a $120.00 price target for the company. in a research report on Wednesday, January 10th. JPMorgan Chase & Co. upped their price target on Ryder System from $120.00 to $126.00 and gave the stock a neutral rating in a research report on Wednesday. Stephens upped their price target on Ryder System from $113.00 to $120.00 and gave the stock an equal weight rating in a research report on Wednesday. Wells Fargo & Company upped their price target on Ryder System from $100.00 to $120.00 and gave the stock an equal weight rating 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 investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and an average target price of $126.83.

Ryder System Price Performance

Shares of R opened at $121.95 on Wednesday. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.62 and a current ratio of 0.82. The stock has a 50 day simple moving average of $115.04 and a 200 day simple moving average of $110.93. Ryder System has a 52-week low of $76.15 and a 52-week high of $123.45. The firm has a market capitalization of $5.35 billion, a PE ratio of 15.88 and a beta of 1.40.

Ryder System (NYSE:R) last issued its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.43. Ryder System had a return on equity of 18.38% and a net margin of 2.95%. The business had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.06 billion. During the same period in the previous year, the firm earned $2.81 EPS. Ryder System’s quarterly revenue was up 4.9% compared to the same quarter last year. Sell-side analysts predict that Ryder System will post 11.98 EPS for the current fiscal year.

Ryder System Dividend Announcement

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

Insider Transactions at Ryder System

In other news, CMO Karen M. Jones sold 7,737 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $113.48, for a total transaction of $877,994.76. Following the sale, the chief marketing officer now owns 12,396 shares in the company, valued at approximately $1,406,698.08. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 5.10% of the company’s stock.

Institutional Investors Weigh In On Ryder System

A number of large investors have recently added to or reduced their stakes in R. Wellington Management Group LLP raised its stake in Ryder System by 1,051.0% in the 3rd quarter. Wellington Management Group LLP now owns 2,551,559 shares of the transportation company’s stock valued at $272,889,000 after acquiring an additional 2,329,880 shares during the period. Norges Bank bought a new position in Ryder System during the 4th quarter worth $86,647,000. Fuller & Thaler Asset Management Inc. bought a new position in Ryder System during the 3rd quarter worth $25,233,000. LSV Asset Management increased its position in Ryder System by 13.5% during the 3rd quarter. LSV Asset Management now owns 1,570,462 shares of the transportation company’s stock worth $167,961,000 after buying an additional 187,174 shares during the period. Finally, Sei Investments Co. increased its position in Ryder System by 29.1% during the 4th quarter. Sei Investments Co. now owns 756,302 shares of the transportation company’s stock worth $87,024,000 after buying an additional 170,650 shares during the period. 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.