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

Ryder System (NYSE:R) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Tuesday.

A number of other research firms also recently weighed in on R. The Goldman Sachs Group upped their price target on shares of Ryder System from $160.00 to $183.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. reduced their price target on Ryder System from $176.00 to $174.00 and set a “neutral” rating for the company in a report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Ryder System has an average rating of “Moderate Buy” and an average price target of $157.00.

Ryder System Stock Up 0.6 %

NYSE:R traded up $0.95 during trading hours on Tuesday, hitting $160.66. 318,416 shares of the stock traded hands, compared to its average volume of 368,664. The firm has a market cap of $6.76 billion, a price-to-earnings ratio of 14.49 and a beta of 1.30. The firm has a 50 day moving average price of $160.42 and a 200 day moving average price of $153.66. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.14. Ryder System has a fifty-two week low of $106.88 and a fifty-two week high of $171.78.

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, topping the consensus estimate 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 anticipate that Ryder System will post 13.68 earnings per share for the current year.

Institutional Trading of Ryder System

A number of institutional investors and hedge funds have recently modified their holdings of the company. Invst LLC boosted its stake in Ryder System by 0.7% during the 4th quarter. Invst LLC now owns 8,315 shares of the transportation company’s stock valued at $1,304,000 after purchasing an additional 61 shares during the period. Deutsche Bank AG boosted its position in shares of Ryder System by 1.6% in the fourth quarter. Deutsche Bank AG now owns 4,136 shares of the transportation company’s stock valued at $649,000 after acquiring an additional 65 shares during the period. Sanctuary Advisors LLC grew its stake in shares of Ryder System by 0.9% in the fourth quarter. Sanctuary Advisors LLC now owns 7,894 shares of the transportation company’s stock worth $1,282,000 after acquiring an additional 68 shares during the last quarter. Savant Capital LLC increased its position in Ryder System by 3.6% during the fourth quarter. Savant Capital LLC now owns 2,438 shares of the transportation company’s stock worth $382,000 after acquiring an additional 84 shares during the period. Finally, Baird Financial Group Inc. raised its stake in Ryder System by 0.9% during the 4th quarter. Baird Financial Group Inc. now owns 9,826 shares of the transportation company’s stock valued at $1,541,000 after purchasing an additional 90 shares during the last quarter. 87.47% of the stock is currently owned by institutional investors and hedge funds.

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.