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

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

Several other research firms have also recently weighed in on R. The Goldman Sachs Group boosted their price objective on shares of Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. decreased their price target on Ryder System from $176.00 to $174.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $157.00.

Ryder System Trading Down 0.3 %

R opened at $144.49 on Wednesday. Ryder System has a 52 week low of $106.88 and a 52 week high of $171.78. The stock has a market cap of $6.03 billion, a PE ratio of 13.03 and a beta of 1.23. 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 business has a 50 day moving average of $156.46 and a 200-day moving average of $154.97.

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

Ryder System Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, February 18th were paid a $0.81 dividend. This represents a $3.24 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend was Tuesday, February 18th. Ryder System’s dividend payout ratio is currently 29.22%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC boosted its position in Ryder System by 16.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,068 shares of the transportation company’s stock valued at $952,000 after purchasing an additional 858 shares in the last quarter. Phocas Financial Corp. boosted its stake in shares of Ryder System by 35.4% in the fourth quarter. Phocas Financial Corp. now owns 46,545 shares of the transportation company’s stock worth $7,301,000 after buying an additional 12,158 shares during the last quarter. Total Wealth Planning & Management Inc. acquired a new position in shares of Ryder System in the 4th quarter valued at $386,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Ryder System during the 4th quarter valued at about $16,317,000. Finally, Leigh Baldwin & CO. LLC purchased a new position in shares of Ryder System during the 4th quarter valued at approximately $258,000. 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.