Ryder System (NYSE:R) Upgraded by StockNews.com to “Buy” Rating

StockNews.com upgraded shares of Ryder System (NYSE:R) from a hold rating to a buy rating in a research report sent to investors on Tuesday.

A number of other research firms also recently commented on R. The Goldman Sachs Group boosted their price objective on Ryder System from $160.00 to $183.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. decreased their target price on Ryder System from $176.00 to $174.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

Ryder System Stock Down 1.8 %

Shares of Ryder System stock opened at $139.52 on Tuesday. The business’s fifty day moving average price is $158.34 and its two-hundred day moving average price is $154.90. 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 has a market capitalization of $5.87 billion, a P/E ratio of 12.58 and a beta of 1.23. Ryder System has a 1-year low of $106.88 and a 1-year high of $171.78.

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

Ryder System Dividend Announcement

The firm 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 2.32%. Ryder System’s dividend payout ratio is 29.22%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Atria Investments Inc grew its stake in Ryder System by 3.5% in the third quarter. Atria Investments Inc now owns 3,759 shares of the transportation company’s stock valued at $548,000 after purchasing an additional 126 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new position in Ryder System in the third quarter valued at about $396,000. KBC Group NV grew its stake in Ryder System by 21.9% in the third quarter. KBC Group NV now owns 1,232 shares of the transportation company’s stock valued at $180,000 after purchasing an additional 221 shares in the last quarter. Natixis Advisors LLC grew its stake in Ryder System by 15.2% in the third quarter. Natixis Advisors LLC now owns 102,756 shares of the transportation company’s stock valued at $14,982,000 after purchasing an additional 13,586 shares in the last quarter. Finally, Quest Partners LLC purchased a new position in Ryder System in the third quarter valued at about $550,000. Hedge funds and other institutional investors own 87.47% of the company’s stock.

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.