Stephens Raises Ryder System (NYSE:R) Price Target to $120.00

Ryder System (NYSE:R) had its price objective raised by Stephens from $113.00 to $120.00 in a research note released on Wednesday morning, Benzinga reports. Stephens currently has an equal weight rating on the transportation company’s stock.

Several other equities analysts have also recently issued reports on R. JPMorgan Chase & Co. lifted their price target on Ryder System from $117.00 to $120.00 and gave the company a neutral rating in a research report on Thursday, February 15th. Wells Fargo & Company lifted their target price on Ryder System from $100.00 to $120.00 and gave the stock an equal weight rating in a report on Thursday, February 15th. The Goldman Sachs Group restated a buy rating and issued a $122.00 target price on shares of Ryder System in a report on Thursday, February 15th. StockNews.com cut Ryder System from a buy rating to a hold rating in a report on Saturday, April 13th. Finally, Robert W. Baird restated a buy rating and issued a $140.00 target price on shares of Ryder System in a report on Wednesday, January 3rd. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Ryder System currently has an average rating of Hold and a consensus price target of $123.71.

Ryder System Trading Down 0.4 %

Shares of NYSE R opened at $121.94 on Wednesday. The company has a market cap of $5.34 billion, a price-to-earnings ratio of 15.88 and a beta of 1.40. Ryder System has a 12-month low of $76.15 and a 12-month high of $123.45. The company has a current ratio of 0.82, a quick ratio of 0.62 and a debt-to-equity ratio of 2.22. The stock’s 50 day simple moving average is $115.04 and its 200 day simple moving average is $110.87.

Ryder System (NYSE:R) last posted its earnings results on Tuesday, April 23rd. The transportation company reported $2.14 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 firm had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.06 billion. During the same period last year, the firm earned $2.81 EPS. The firm’s revenue was up 4.9% compared to the same quarter last year. Equities research analysts expect that Ryder System will post 11.9 EPS for the current year.

Ryder System Announces Dividend

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

Insiders Place Their Bets

In other Ryder System news, CMO Karen M. Jones sold 7,737 shares of the company’s stock in a transaction 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 transaction, the chief marketing officer now owns 12,396 shares of the company’s stock, valued at approximately $1,406,698.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 5.10% of the company’s stock.

Institutional Trading of Ryder System

A number of large investors have recently made changes to their positions in R. Advisors Preferred LLC acquired a new position in shares of Ryder System during the 4th quarter worth about $1,892,000. Cambridge Financial Group Inc. acquired a new stake in Ryder System in the 3rd quarter valued at about $8,186,000. UBS Group AG lifted its stake in Ryder System by 24.2% in the 3rd quarter. UBS Group AG now owns 78,946 shares of the transportation company’s stock valued at $8,443,000 after purchasing an additional 15,361 shares during the last quarter. Earnest Partners LLC lifted its stake in Ryder System by 2.5% in the 3rd quarter. Earnest Partners LLC now owns 1,666,621 shares of the transportation company’s stock valued at $178,245,000 after purchasing an additional 40,086 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its stake in Ryder System by 174.7% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 7,717 shares of the transportation company’s stock valued at $812,000 after purchasing an additional 4,908 shares during the last quarter. 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.