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

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

A number of other equities analysts have also commented on the stock. Robert W. Baird reaffirmed a buy rating and issued a $140.00 price objective on shares of Ryder System in a research note on Wednesday, January 3rd. JPMorgan Chase & Co. raised their price objective on shares of Ryder System from $117.00 to $120.00 and gave the stock a neutral rating in a research note on Thursday, February 15th. Vertical Research lowered shares of Ryder System from a buy rating to a hold rating and set a $120.00 price objective for the company. in a research note on Wednesday, January 10th. Stephens raised their price objective on shares of Ryder System from $110.00 to $113.00 and gave the stock an equal weight rating in a research note on Thursday, February 15th. Finally, The Goldman Sachs Group reaffirmed a buy rating and issued a $122.00 price objective on shares of Ryder System in a research note on Thursday, February 15th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Hold and an average target price of $120.00.

Ryder System Price Performance

NYSE R opened at $111.77 on Friday. The company has a 50-day moving average price of $114.91 and a two-hundred day moving average price of $110.26. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.80. The stock has a market cap of $4.94 billion, a price-to-earnings ratio of 12.80 and a beta of 1.40. Ryder System has a 52 week low of $76.15 and a 52 week high of $121.58.

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

Ryder System Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 20th were given a dividend of $0.71 per share. 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 2.54%. Ryder System’s payout ratio is 32.53%.

Insider Transactions at Ryder System

In related news, CMO Karen M. Jones sold 7,737 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $113.48, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. 5.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Ryder System

A number of institutional investors and hedge funds have recently modified their holdings of R. Vanguard Group Inc. increased its stake in Ryder System by 7.9% in the first quarter. Vanguard Group Inc. now owns 5,735,585 shares of the transportation company’s stock valued at $455,004,000 after purchasing an additional 421,132 shares in the last quarter. Wellington Management Group LLP increased its stake in Ryder System by 34.9% in 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 purchasing an additional 890,986 shares in the last quarter. Moneta Group Investment Advisors LLC increased its stake in Ryder System by 115,284.6% in 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 purchasing an additional 3,375,533 shares in the last quarter. State Street Corp increased its stake in Ryder System by 5.9% in the first quarter. State Street Corp now owns 1,825,239 shares of the transportation company’s stock valued at $144,796,000 after purchasing an additional 101,962 shares in the last quarter. Finally, Earnest Partners LLC increased its position in shares of Ryder System by 2.5% during the third quarter. Earnest Partners LLC now owns 1,666,621 shares of the transportation company’s stock worth $178,245,000 after acquiring an additional 40,086 shares in the last quarter. 87.47% of the stock is owned by 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.