Ryder System (NYSE:R) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Ryder System (NYSE:R) from a hold rating to a buy rating in a report issued on Monday morning.

A number of other equities research analysts have also recently issued reports on R. JPMorgan Chase & Co. cut their target price on 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 lifted their price objective on shares of Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $157.00.

Ryder System Stock Performance

Ryder System stock opened at $166.37 on Monday. The company has a market cap of $7.04 billion, a PE ratio of 15.56 and a beta of 1.29. The company has a fifty day moving average price of $160.34 and a two-hundred day moving average price of $152.26. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.74 and a quick ratio of 0.74. Ryder System has a 12 month low of $106.62 and a 12 month high of $171.78.

Ryder System (NYSE:R) last posted its earnings results on Wednesday, February 12th. The transportation company reported $3.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.39 by $0.06. Ryder System had a return on equity of 16.78% and a net margin of 3.83%. Research analysts expect that Ryder System will post 12 earnings per share for the current year.

Ryder System Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Tuesday, February 18th will be given a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 1.95%. The ex-dividend date is Tuesday, February 18th. Ryder System’s dividend payout ratio (DPR) is presently 30.31%.

Hedge Funds Weigh In On Ryder System

A number of institutional investors have recently bought and sold shares of R. Creative Planning grew its stake in Ryder System by 5.5% during the 3rd quarter. Creative Planning now owns 25,220 shares of the transportation company’s stock valued at $3,677,000 after acquiring an additional 1,308 shares in the last quarter. Blue Trust Inc. lifted its holdings in Ryder System by 13.0% in the 3rd quarter. Blue Trust Inc. now owns 5,075 shares of the transportation company’s stock worth $740,000 after purchasing an additional 584 shares during the last quarter. Raymond James & Associates lifted its holdings in Ryder System by 73.7% in the 3rd quarter. Raymond James & Associates now owns 32,075 shares of the transportation company’s stock worth $4,677,000 after purchasing an additional 13,613 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Ryder System by 79.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,962 shares of the transportation company’s stock worth $578,000 after buying an additional 1,748 shares during the last quarter. Finally, Ballentine Partners LLC acquired a new position in shares of Ryder System during the third quarter worth approximately $207,000. Hedge funds and other 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.