Ryder System (NYSE:R) Downgraded by StockNews.com to Hold

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

Several other research analysts also recently commented on R. JPMorgan Chase & Co. dropped their target price on shares of Ryder System from $176.00 to $174.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. The Goldman Sachs Group lifted their target price on shares of Ryder System from $160.00 to $183.00 and gave the stock 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $157.00.

Ryder System Stock Performance

Shares of R opened at $160.66 on Tuesday. The company has a market capitalization of $6.76 billion, a PE ratio of 14.49 and a beta of 1.30. Ryder System has a one year low of $106.88 and a one year high of $171.78. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.75. The company’s fifty day moving average price is $160.42 and its 200 day moving average price is $153.66.

Ryder System (NYSE:R) last announced its earnings results on Wednesday, February 12th. The transportation company reported $3.45 EPS for the quarter, topping the consensus estimate of $3.39 by $0.06. Ryder System had a net margin of 3.87% and a return on equity of 17.23%. As a group, analysts expect that Ryder System will post 13.68 earnings per share for the current year.

Ryder System Announces Dividend

The business also recently disclosed 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 of this dividend is Tuesday, February 18th. This represents a $3.24 annualized dividend and a dividend yield of 2.02%. Ryder System’s payout ratio is 29.22%.

Institutional Trading of Ryder System

Institutional investors have recently made changes to their positions in the business. Keystone Financial Group Inc. acquired a new stake in shares of Ryder System during the 4th quarter valued at about $26,000. SBI Securities Co. Ltd. acquired a new position in Ryder System in the fourth quarter valued at about $26,000. Wilmington Savings Fund Society FSB acquired a new position in Ryder System in the third quarter valued at about $34,000. R Squared Ltd acquired a new position in Ryder System in the fourth quarter valued at about $45,000. Finally, Principal Securities Inc. boosted its position in Ryder System by 36.5% in the fourth quarter. Principal Securities Inc. now owns 344 shares of the transportation company’s stock valued at $54,000 after buying an additional 92 shares in the last quarter. 87.47% of the stock is currently owned by institutional investors and hedge funds.

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.