Brokerages Set Ryder System, Inc. (NYSE:R) PT at $157.00

Ryder System, Inc. (NYSE:R) has received a consensus recommendation of “Moderate Buy” from the six research firms that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $157.00.

Several research analysts recently issued reports on the stock. The Goldman Sachs Group increased their price target on shares of Ryder System from $160.00 to $183.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. StockNews.com downgraded shares of Ryder System from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. cut their target price on shares of Ryder System from $176.00 to $174.00 and set a “neutral” rating for the company in a research note on Thursday, February 13th.

Ryder System Price Performance

Shares of NYSE:R opened at $161.23 on Friday. The company has a 50 day moving average of $160.52 and a 200 day moving average of $153.71. The stock has a market cap of $6.79 billion, a P/E ratio of 14.54 and a beta of 1.30. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.14. Ryder System has a 12 month low of $106.88 and a 12 month high of $171.78.

Ryder System (NYSE:R) last released its earnings results on Wednesday, February 12th. The transportation company reported $3.45 earnings per share for the quarter, beating analysts’ consensus estimates of $3.39 by $0.06. Ryder System had a return on equity of 17.23% and a net margin of 3.87%. As a group, sell-side analysts forecast that Ryder System will post 13.68 EPS for the current fiscal year.

Ryder System Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date is Tuesday, February 18th. Ryder System’s dividend payout ratio is currently 29.22%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Wealthfront Advisers LLC purchased a new position in shares of Ryder System in the 4th quarter valued at $314,075,000. Earnest Partners LLC boosted its holdings in shares of Ryder System by 2.4% in the 4th quarter. Earnest Partners LLC now owns 1,905,223 shares of the transportation company’s stock valued at $298,853,000 after buying an additional 45,393 shares in the last quarter. Sei Investments Co. grew its position in shares of Ryder System by 1.6% in the 4th quarter. Sei Investments Co. now owns 856,507 shares of the transportation company’s stock worth $134,351,000 after buying an additional 13,529 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Ryder System by 0.3% during the 4th quarter. American Century Companies Inc. now owns 843,895 shares of the transportation company’s stock worth $132,373,000 after acquiring an additional 2,121 shares in the last quarter. Finally, FMR LLC lifted its position in Ryder System by 3.1% during the fourth quarter. FMR LLC now owns 805,571 shares of the transportation company’s stock valued at $126,362,000 after acquiring an additional 24,052 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.