Ryder System, Inc. (NYSE:R) Receives Average Recommendation of “Moderate Buy” from Analysts

Ryder System, Inc. (NYSE:R) has earned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $157.00.

R has been the subject of a number of analyst reports. The Goldman Sachs Group raised their price target on Ryder System from $160.00 to $183.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. StockNews.com upgraded Ryder System from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, 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 research report on Thursday, February 13th.

Ryder System Trading Down 1.8 %

R stock opened at $139.52 on Wednesday. The firm has a fifty day moving average price of $158.34 and a 200 day moving average price of $154.90. Ryder System has a fifty-two week low of $106.88 and a fifty-two week high of $171.78. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a market cap of $5.87 billion, a PE ratio of 12.58 and a beta of 1.23.

Ryder System (NYSE:R) last posted its earnings results on Wednesday, February 12th. The transportation company reported $3.45 earnings per share for the quarter, beating analysts’ consensus estimates of $3.39 by $0.06. Ryder System had a net margin of 3.87% and a return on equity of 17.23%. Sell-side analysts anticipate that Ryder System will post 13.68 earnings per share for the current fiscal year.

Ryder System Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Tuesday, February 18th will be given 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 2.32%. Ryder System’s dividend payout ratio (DPR) is 29.22%.

Institutional Trading of Ryder System

Several institutional investors and hedge funds have recently made changes to their positions in the business. Atria Investments Inc raised its holdings in shares of 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 acquiring an additional 126 shares in the last quarter. Oppenheimer & Co. Inc. bought a new stake in shares of Ryder System in the third quarter valued at about $396,000. KBC Group NV raised its holdings in shares of 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 acquiring an additional 221 shares in the last quarter. Natixis Advisors LLC raised its holdings in shares of 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 acquiring an additional 13,586 shares in the last quarter. Finally, Quest Partners LLC bought a new stake in shares of Ryder System in the third quarter valued at about $550,000. 87.47% of the stock is currently owned by institutional investors.

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.