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

Ryder System (NYSE:R) had its price objective raised by Robert W. Baird from $140.00 to $155.00 in a research report report published on Friday, Benzinga reports. The brokerage currently has an outperform rating on the transportation company’s stock.

A number of other equities research analysts have also recently weighed in on the company. Stephens started coverage on Ryder System in a report on Monday, July 8th. They set an equal weight rating for the company. StockNews.com cut Ryder System from a strong-buy rating to a buy rating in a report on Friday, July 12th. Morgan Stanley started coverage on Ryder System in a report on Monday, June 24th. They set an overweight rating and a $165.00 price target for the company. JPMorgan Chase & Co. dropped their price target 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, The Goldman Sachs Group increased their price objective on Ryder System from $122.00 to $135.00 and gave the company a buy rating in a research report on Wednesday, April 24th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $137.86.

Ryder System Trading Up 2.6 %

Shares of R opened at $135.62 on Friday. Ryder System has a 1 year low of $91.31 and a 1 year high of $137.10. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.09. The stock has a 50 day simple moving average of $124.00 and a 200-day simple moving average of $119.18. The stock 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 earnings results on Thursday, July 25th. The transportation company reported $3.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.87 by $0.13. Ryder System had a return on equity of 17.22% and a net margin of 4.06%. The business had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.24 billion. During the same period in the prior year, the firm posted $3.61 EPS. Ryder System’s quarterly revenue was up 10.3% compared to the same quarter last year. On average, sell-side analysts predict that Ryder System will post 12.4 EPS for the current fiscal year.

Ryder System Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Monday, August 19th will be given a $0.81 dividend. This is a positive change from Ryder System’s previous quarterly dividend of $0.71. This represents a $3.24 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend is Monday, August 19th. Ryder System’s dividend payout ratio (DPR) is currently 42.19%.

Insider Transactions at Ryder System

In other news, CMO Karen M. Jones sold 6,776 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $120.44, for a total value of $816,101.44. Following the transaction, the chief marketing officer now directly owns 5,666 shares in the company, valued at approximately $682,413.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CMO Karen M. Jones sold 6,776 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $120.44, for a total transaction of $816,101.44. Following the sale, the chief marketing officer now owns 5,666 shares of the company’s stock, valued at approximately $682,413.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO John J. Diez sold 13,000 shares of the firm’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 sale, the chief financial officer now directly owns 135,471 shares in the company, valued at approximately $17,162,820.99. The disclosure for this sale can be found here. Insiders have sold 84,129 shares of company stock worth $10,598,226 in the last three months. Insiders own 5.10% of the company’s stock.

Institutional Trading of Ryder System

Several hedge funds have recently added to or reduced their stakes in R. EntryPoint Capital LLC acquired a new stake in Ryder System during the 1st quarter worth $25,000. GAMMA Investing LLC acquired a new stake in shares of Ryder System in the 4th quarter valued at about $45,000. Creekmur Asset Management LLC acquired a new stake in shares of Ryder System in the 4th quarter valued at about $68,000. CWM LLC raised its stake in shares of Ryder System by 62.0% in the 1st quarter. CWM LLC now owns 643 shares of the transportation company’s stock valued at $77,000 after purchasing an additional 246 shares during the period. Finally, Quent Capital LLC raised its stake in shares of Ryder System by 17.7% in the 4th quarter. Quent Capital LLC now owns 745 shares of the transportation company’s stock valued at $86,000 after purchasing an additional 112 shares during the period. Institutional investors and hedge funds 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.