Ryder System (NYSE:R) Upgraded at StockNews.com

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

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

Ryder System Stock Performance

NYSE R opened at $140.36 on Tuesday. Ryder System has a 1 year low of $106.88 and a 1 year high of $171.78. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.14. The firm has a market capitalization of $5.86 billion, a P/E ratio of 12.66 and a beta of 1.23. The firm’s fifty day moving average price is $157.61 and its two-hundred day moving average price is $154.69.

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

Ryder System Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Tuesday, February 18th will be given a $0.81 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $3.24 annualized dividend and a dividend yield of 2.31%. Ryder System’s payout ratio is presently 29.22%.

Institutional Investors Weigh In On Ryder System

Hedge funds and other institutional investors have recently bought and sold shares of the company. Keystone Financial Group Inc. acquired a new position in shares of Ryder System during the fourth quarter valued at about $26,000. SBI Securities Co. Ltd. acquired a new position in Ryder System during the 4th quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Ryder System in the third quarter worth $34,000. R Squared Ltd acquired a new stake in shares of Ryder System during the fourth quarter worth $45,000. Finally, Principal Securities Inc. grew its holdings in shares of Ryder System by 36.5% during the fourth quarter. Principal Securities Inc. now owns 344 shares of the transportation company’s stock valued at $54,000 after buying an additional 92 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.