Ryder System (NYSE:R) Cut to Hold at StockNews.com

StockNews.com downgraded shares of Ryder System (NYSE:R) from a buy rating to a hold rating in a research report released on Tuesday morning.

A number of other brokerages have also recently commented on R. JPMorgan Chase & Co. decreased their price target on shares of Ryder System from $176.00 to $174.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. The Goldman Sachs Group increased their price objective on shares of Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Ryder System presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

Ryder System Trading Down 1.0 %

Shares of Ryder System stock opened at $159.50 on Tuesday. 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 twelve month low of $106.88 and a twelve month high of $171.78. The firm has a market capitalization of $6.71 billion, a PE ratio of 14.38 and a beta of 1.30. The firm’s 50-day moving average price is $160.59 and its 200 day moving average price is $153.75.

Ryder System (NYSE:R) last issued its quarterly earnings results on Wednesday, February 12th. The transportation company reported $3.45 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side analysts predict that Ryder System will post 13.68 EPS for the current fiscal year.

Ryder System Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.81 per share. The ex-dividend date is Tuesday, February 18th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.03%. Ryder System’s dividend payout ratio is currently 29.22%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Invst LLC grew its holdings in shares of Ryder System by 0.7% during the 4th quarter. Invst LLC now owns 8,315 shares of the transportation company’s stock worth $1,304,000 after purchasing an additional 61 shares during the period. Deutsche Bank AG lifted its position in Ryder System by 1.6% in the fourth quarter. Deutsche Bank AG now owns 4,136 shares of the transportation company’s stock valued at $649,000 after buying an additional 65 shares during the last quarter. Sanctuary Advisors LLC boosted its stake in Ryder System by 0.9% during the fourth quarter. Sanctuary Advisors LLC now owns 7,894 shares of the transportation company’s stock worth $1,282,000 after buying an additional 68 shares during the period. Savant Capital LLC raised its stake in shares of Ryder System by 3.6% in the 4th quarter. Savant Capital LLC now owns 2,438 shares of the transportation company’s stock valued at $382,000 after acquiring an additional 84 shares during the period. Finally, Baird Financial Group Inc. lifted its holdings in shares of Ryder System by 0.9% in the 4th quarter. Baird Financial Group Inc. now owns 9,826 shares of the transportation company’s stock worth $1,541,000 after acquiring an additional 90 shares during the last quarter. 87.47% of the stock is currently owned by hedge funds and other institutional investors.

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.