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

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

A number of other research analysts also recently issued reports on the stock. JPMorgan Chase & Co. cut their price objective on shares of Ryder System from $176.00 to $174.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. The Goldman Sachs Group lifted their price target 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 investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to 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

Shares of R stock opened at $159.50 on Tuesday. The firm has a market cap of $6.71 billion, a price-to-earnings ratio of 14.38 and a beta of 1.30. Ryder System has a 52-week low of $106.88 and a 52-week high of $171.78. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.14. The company’s 50 day moving average is $160.59 and its 200 day moving average is $153.75.

Ryder System (NYSE:R) last released its quarterly 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 return on equity of 17.23% and a net margin of 3.87%. On average, sell-side analysts anticipate that Ryder System will post 13.68 EPS for the current fiscal year.

Ryder System Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Tuesday, February 18th will be issued a $0.81 dividend. 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%.

Hedge Funds Weigh In On Ryder System

Several hedge funds have recently made changes to their positions in the company. Keystone Financial Group Inc. acquired a new position in Ryder System in the 4th quarter worth approximately $26,000. SBI Securities Co. Ltd. acquired a new stake in shares of Ryder System in the fourth quarter worth $26,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Ryder System during the third quarter worth $34,000. R Squared Ltd acquired a new position in Ryder System during the fourth quarter valued at $45,000. Finally, Principal Securities Inc. boosted its holdings 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 purchasing an additional 92 shares during the last quarter. 87.47% of the stock is owned by institutional investors and hedge funds.

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.