Ryder System (NYSE:R) Downgraded by StockNews.com to “Hold”

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

A number of other analysts also recently weighed in on R. JPMorgan Chase & Co. dropped their price objective on Ryder System from $148.00 to $144.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Stephens assumed coverage on shares of Ryder System in a research report on Monday, July 8th. They set an “equal weight” rating on the stock. Finally, Robert W. Baird increased their price target on shares of Ryder System from $140.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $140.57.

Ryder System Stock Up 0.5 %

Shares of Ryder System stock opened at $145.11 on Tuesday. Ryder System has a one year low of $92.76 and a one year high of $154.76. The company has a market cap of $6.36 billion, a P/E ratio of 18.89 and a beta of 1.28. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.74 and a current ratio of 0.74. The firm has a fifty day moving average of $143.23 and a two-hundred day moving average of $131.53.

Ryder System (NYSE:R) last posted its quarterly earnings results on Thursday, October 24th. The transportation company reported $3.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.39 by $0.05. Ryder System had a net margin of 3.83% and a return on equity of 16.78%. The firm had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.29 billion. During the same period in the prior year, the company posted $3.58 earnings per share. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, analysts forecast that Ryder System will post 12.06 earnings per share for the current year.

Ryder System Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Monday, November 18th will be given a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend is Monday, November 18th. Ryder System’s dividend payout ratio is currently 42.19%.

Insider Buying and Selling

In other Ryder System news, EVP Francisco Jr. Lopez sold 12,730 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $139.32, for a total transaction of $1,773,543.60. Following the completion of the transaction, the executive vice president now directly owns 47,779 shares in the company, valued at approximately $6,656,570.28. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 5.10% of the company’s stock.

Hedge Funds Weigh In On Ryder System

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Ryder System by 2.1% in the first quarter. Vanguard Group Inc. now owns 5,223,396 shares of the transportation company’s stock valued at $627,800,000 after buying an additional 109,930 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Ryder System by 1,915.0% during the 2nd quarter. Millennium Management LLC now owns 103,935 shares of the transportation company’s stock worth $12,875,000 after acquiring an additional 98,777 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in Ryder System by 242.5% during the first quarter. Jacobs Levy Equity Management Inc. now owns 92,666 shares of the transportation company’s stock worth $11,138,000 after purchasing an additional 65,609 shares during the period. Earnest Partners LLC boosted its holdings in shares of Ryder System by 3.4% in the 2nd quarter. Earnest Partners LLC now owns 1,915,544 shares of the transportation company’s stock valued at $237,298,000 after purchasing an additional 62,815 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Ryder System by 13.5% in the 2nd quarter. Victory Capital Management Inc. now owns 460,134 shares of the transportation company’s stock valued at $57,001,000 after purchasing an additional 54,605 shares during the last quarter. Hedge funds and other 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.