Ryder System (NYSE:R) had its target price trimmed by Buckingham Research from $91.00 to $89.00 in a research report sent to investors on Friday morning. The brokerage currently has a buy rating on the transportation company’s stock.

Several other research firms have also recently issued reports on R. Mizuho started coverage on shares of Ryder System in a research note on Thursday, June 28th. They set a buy rating and a $85.00 target price on the stock. Stifel Nicolaus upped their target price on shares of Ryder System from $76.00 to $81.00 and gave the company a hold rating in a research note on Thursday, July 26th. Zacks Investment Research upgraded shares of Ryder System from a hold rating to a buy rating and set a $87.00 target price on the stock in a research note on Thursday, August 2nd. KeyCorp lowered their target price on shares of Ryder System from $95.00 to $90.00 and set an overweight rating on the stock in a research note on Friday, June 22nd. Finally, Wolfe Research upgraded shares of Ryder System from a peer perform rating to an outperform rating in a research note on Friday, October 5th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. Ryder System has a consensus rating of Hold and an average target price of $82.90.

NYSE:R opened at $66.76 on Friday. The stock has a market capitalization of $3.88 billion, a PE ratio of 14.74 and a beta of 1.45. The company has a current ratio of 0.68, a quick ratio of 0.64 and a debt-to-equity ratio of 1.84. Ryder System has a 1-year low of $65.65 and a 1-year high of $90.26.

Ryder System (NYSE:R) last announced its quarterly earnings results on Wednesday, July 25th. The transportation company reported $1.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.29 by $0.13. The company had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $1.99 billion. Ryder System had a net margin of 9.99% and a return on equity of 9.96%. Ryder System’s revenue was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.00 EPS. On average, analysts forecast that Ryder System will post 5.77 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Monday, November 19th will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend is Friday, November 16th. Ryder System’s dividend payout ratio is 47.68%.

In other Ryder System news, CFO Art A. Garcia sold 3,412 shares of the stock in a transaction that occurred on Monday, July 30th. The shares were sold at an average price of $76.82, for a total transaction of $262,109.84. Following the completion of the sale, the chief financial officer now directly owns 16,201 shares of the company’s stock, valued at approximately $1,244,560.82. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John J. Diez sold 6,520 shares of the stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $79.44, for a total transaction of $517,948.80. The disclosure for this sale can be found here. Insiders sold a total of 57,865 shares of company stock valued at $4,502,858 over the last three months. 2.27% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Northern Trust Corp grew its holdings in shares of Ryder System by 0.5% in the first quarter. Northern Trust Corp now owns 431,828 shares of the transportation company’s stock valued at $31,433,000 after purchasing an additional 2,344 shares in the last quarter. California Public Employees Retirement System grew its holdings in shares of Ryder System by 5.2% in the first quarter. California Public Employees Retirement System now owns 150,342 shares of the transportation company’s stock valued at $10,943,000 after purchasing an additional 7,493 shares in the last quarter. OppenheimerFunds Inc. grew its holdings in shares of Ryder System by 16.5% in the first quarter. OppenheimerFunds Inc. now owns 29,061 shares of the transportation company’s stock valued at $2,115,000 after purchasing an additional 4,107 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Ryder System by 2.8% in the first quarter. Principal Financial Group Inc. now owns 231,610 shares of the transportation company’s stock valued at $16,859,000 after purchasing an additional 6,273 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in shares of Ryder System by 22.5% in the first quarter. Commonwealth Equity Services LLC now owns 4,766 shares of the transportation company’s stock valued at $346,000 after purchasing an additional 876 shares in the last quarter. 90.03% of the stock is owned by institutional investors and hedge funds.

About Ryder System

Ryder System, Inc provides transportation and supply chain management solutions worldwide. The company operates through three segments: Fleet Management Solutions (FMS), Dedicated Transportation Solutions (DTS), and Supply Chain Solutions (SCS). The FMS segment offers full service leasing and leasing with flexible maintenance options, as well as maintenance services, supplies, and related equipment for operation of the vehicles; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers, as well as ancillary maintenance and fleet support services.

Featured Story: Moving Average (MA)

Analyst Recommendations for Ryder System (NYSE:R)

Receive News & Ratings for Ryder System Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ryder System and related companies with MarketBeat.com's FREE daily email newsletter.