Ryder System (NYSE:R) Downgraded by StockNews.com

StockNews.com lowered shares of Ryder System (NYSE:R) from a buy rating to a hold rating in a research report released on Saturday.

Other research analysts also recently issued reports about the stock. Vertical Research downgraded shares of Ryder System from a buy rating to a hold rating and set a $120.00 price target on the stock. in a research report on Wednesday, January 10th. Robert W. Baird reiterated a buy rating and issued a $140.00 price target on shares of Ryder System in a research report on Wednesday, January 3rd. JPMorgan Chase & Co. increased their price target on shares of Ryder System from $117.00 to $120.00 and gave the stock a neutral rating in a research report on Thursday, February 15th. The Goldman Sachs Group reiterated a buy rating and issued a $122.00 price target on shares of Ryder System in a research report on Thursday, February 15th. Finally, Wells Fargo & Company increased their price target on shares of Ryder System from $100.00 to $120.00 and gave the stock an equal weight rating in a research report on Thursday, February 15th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of Hold and an average target price of $120.00.

Ryder System Stock Down 0.5 %

Shares of Ryder System stock opened at $114.21 on Friday. The company has a market cap of $5.05 billion, a price-to-earnings ratio of 13.08 and a beta of 1.40. The company’s 50 day moving average is $115.00 and its 200 day moving average is $110.23. Ryder System has a twelve month low of $76.15 and a twelve month high of $121.58. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.80.

Ryder System (NYSE:R) last issued its quarterly earnings data on Wednesday, February 14th. The transportation company reported $2.95 earnings per share for the quarter, beating analysts’ consensus estimates of $2.75 by $0.20. The company had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.98 billion. Ryder System had a net margin of 3.45% and a return on equity of 19.68%. The firm’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.89 earnings per share. Research analysts anticipate that Ryder System will post 11.9 EPS for the current year.

Ryder System Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 20th were paid a $0.71 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.49%. Ryder System’s dividend payout ratio (DPR) is presently 32.53%.

Insider Transactions at Ryder System

In other news, CMO Karen M. Jones sold 7,737 shares of the stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $113.48, for a total value of $877,994.76. Following the completion of the sale, the chief marketing officer now directly owns 12,396 shares of the company’s stock, valued at $1,406,698.08. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 5.10% of the company’s stock.

Hedge Funds Weigh In On Ryder System

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Ryder System by 7.9% during the first quarter. Vanguard Group Inc. now owns 5,735,585 shares of the transportation company’s stock valued at $455,004,000 after acquiring an additional 421,132 shares in the last quarter. Wellington Management Group LLP grew its stake in Ryder System by 34.9% during the fourth quarter. Wellington Management Group LLP now owns 3,442,545 shares of the transportation company’s stock valued at $396,099,000 after acquiring an additional 890,986 shares in the last quarter. Moneta Group Investment Advisors LLC grew its stake in Ryder System by 115,284.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 3,378,461 shares of the transportation company’s stock valued at $282,338,000 after acquiring an additional 3,375,533 shares in the last quarter. State Street Corp grew its stake in Ryder System by 5.9% during the first quarter. State Street Corp now owns 1,825,239 shares of the transportation company’s stock valued at $144,796,000 after acquiring an additional 101,962 shares in the last quarter. Finally, Earnest Partners LLC grew its stake in Ryder System by 2.5% during the third quarter. Earnest Partners LLC now owns 1,666,621 shares of the transportation company’s stock valued at $178,245,000 after acquiring an additional 40,086 shares in the last quarter. 87.47% of the stock is owned by hedge funds and other institutional investors.

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.