Brokerages Set Ryder System, Inc. (NYSE:R) Price Target at $140.57

Shares of Ryder System, Inc. (NYSE:R - Get Free Report) have been given an average rating of "Moderate Buy" by the seven analysts that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $140.57.

R has been the topic of several analyst reports. JPMorgan Chase & Co. dropped their target price on Ryder System from $148.00 to $144.00 and set a "neutral" rating on the stock in a report on Friday, October 25th. StockNews.com downgraded Ryder System from a "buy" rating to a "hold" rating in a report on Tuesday, October 29th.

Ryder System Trading Down 0.3 %

Shares of NYSE R traded down $0.44 during midday trading on Monday, reaching $163.77. 217,592 shares of the stock were exchanged, compared to its average volume of 262,967. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.74 and a quick ratio of 0.74. Ryder System has a 12 month low of $105.09 and a 12 month high of $171.78. The business has a 50-day simple moving average of $155.00 and a two-hundred day simple moving average of $139.52. The company has a market capitalization of $6.93 billion, a price-to-earnings ratio of 15.36 and a beta of 1.30.

Ryder System (NYSE:R - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The transportation company reported $3.44 EPS for the quarter, topping analysts' consensus estimates of $3.39 by $0.05. The business had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.29 billion. Ryder System had a net margin of 3.83% and a return on equity of 16.78%. The firm's quarterly revenue was up 8.3% on a year-over-year basis. During the same period last year, the business posted $3.58 earnings per share. As a group, equities research analysts expect that Ryder System will post 12.01 EPS for the current year.

Ryder System Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Monday, November 18th will be given a dividend of $0.81 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $3.24 annualized dividend and a yield of 1.98%. Ryder System's dividend payout ratio is 30.31%.

Insider Transactions at Ryder System

In other Ryder System news, insider Thomas M. Havens sold 4,000 shares of Ryder System stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $157.44, for a total value of $629,760.00. Following the transaction, the insider now owns 20,504 shares in the company, valued at $3,228,149.76. The trade was a 16.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 5.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Ryder System

Several large investors have recently bought and sold shares of R. Wolff Wiese Magana LLC acquired a new stake in Ryder System during the 3rd quarter valued at approximately $28,000. Altshuler Shaham Ltd acquired a new position in shares of Ryder System during the 2nd quarter valued at $29,000. Wilmington Savings Fund Society FSB acquired a new stake in Ryder System in the third quarter worth $34,000. UMB Bank n.a. increased its stake in Ryder System by 43.2% in the third quarter. UMB Bank n.a. now owns 265 shares of the transportation company's stock valued at $39,000 after purchasing an additional 80 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Ryder System in the 2nd quarter valued at about $51,000. 87.47% of the stock is currently owned by institutional investors.

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.