Ryder System (NYSE:R) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of Ryder System (NYSE:R) from a buy rating to a hold rating in a research note published on Wednesday.

R has been the subject of a number of other research reports. JPMorgan Chase & Co. lowered their price target on Ryder System from $176.00 to $174.00 and set a “neutral” rating for the company in a report on Thursday, February 13th. The Goldman Sachs Group upped their target price on 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 issued a buy rating to the stock. According to data from MarketBeat, Ryder System has a consensus rating of “Moderate Buy” and an average target price of $157.00.

Ryder System Stock Performance

R stock opened at $140.53 on Wednesday. Ryder System has a twelve month low of $106.88 and a twelve month high of $171.78. The firm has a market cap of $5.87 billion, a price-to-earnings ratio of 12.67 and a beta of 1.23. The business’s fifty day simple moving average is $155.53 and its two-hundred day simple moving average is $154.94. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.14.

Ryder System (NYSE:R) last posted 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 net margin of 3.87% and a return on equity of 17.23%. Analysts predict that Ryder System will post 13.68 earnings per share for the current year.

Ryder System Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.81 per share. The ex-dividend date was Tuesday, February 18th. This represents a $3.24 dividend on an annualized basis and a yield of 2.31%. Ryder System’s dividend payout ratio is currently 29.22%.

Institutional Investors Weigh In On Ryder System

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