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

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

A number of other equities research analysts have also weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Ryder System from $117.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. Wells Fargo & Company lifted their price objective on Ryder System from $100.00 to $120.00 and gave the company an “equal weight” rating in a report on Thursday, February 15th. Stephens lifted their price objective on Ryder System from $110.00 to $113.00 and gave the company an “equal weight” rating in a report on Thursday, February 15th. Finally, Vertical Research lowered Ryder System from a “buy” rating to a “hold” rating and set a $120.00 price target on the stock. in a research note on Wednesday, January 10th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Ryder System presently has a consensus rating of “Hold” and an average target price of $116.00.

Ryder System Stock Performance

R stock traded up $1.61 during trading on Thursday, hitting $120.22. The company had a trading volume of 253,201 shares, compared to its average volume of 264,741. The firm has a market cap of $5.32 billion, a PE ratio of 13.77 and a beta of 1.39. Ryder System has a 1-year low of $76.15 and a 1-year high of $120.93. The firm has a 50-day moving average price of $114.26 and a 200-day moving average price of $108.81. 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 results 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 firm had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $2.98 billion. Ryder System had a return on equity of 19.68% and a net margin of 3.45%. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.89 EPS. On average, analysts expect that Ryder System will post 11.9 earnings per share for the current year.

Insider Activity at Ryder System

In related news, CMO Karen M. Jones sold 7,737 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $113.48, for a total value of $877,994.76. Following the sale, the chief marketing officer now owns 12,396 shares of the company’s stock, valued at approximately $1,406,698.08. The transaction was disclosed in a filing with the SEC, which is available through this link. 5.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ryder System

Institutional investors and hedge funds have recently bought and sold shares of the stock. Contravisory Investment Management Inc. acquired a new position in Ryder System in the 4th quarter valued at $26,000. Headlands Technologies LLC acquired a new stake in shares of Ryder System during the 3rd quarter worth $26,000. Fortis Capital Advisors LLC increased its holdings in Ryder System by 2,716.7% in the 1st quarter. Fortis Capital Advisors LLC now owns 338 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 326 shares in the last quarter. Huntington National Bank increased its holdings in Ryder System by 37,100.0% in the 2nd quarter. Huntington National Bank now owns 372 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 371 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new stake in Ryder System in the 4th quarter valued at $45,000. Hedge funds and other institutional investors own 87.47% of the company’s stock.

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.