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

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

Several other equities analysts also recently issued reports on R. The Goldman Sachs Group lifted their price objective on Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. cut 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 investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $157.00.

Ryder System Stock Down 0.1 %

R opened at $144.98 on Wednesday. The firm has a market cap of $6.05 billion, a price-to-earnings ratio of 13.07 and a beta of 1.23. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.75 and a current ratio of 0.75. The firm’s 50-day simple moving average is $156.84 and its 200-day simple moving average is $155.04. Ryder System has a twelve month low of $106.88 and a twelve month high of $171.78.

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

Hedge Funds Weigh In On Ryder System

Several large investors have recently made changes to their positions in the company. Wealthfront Advisers LLC acquired a new stake in Ryder System in the fourth quarter worth about $314,075,000. Earnest Partners LLC grew its position in shares of Ryder System by 2.4% during the 4th quarter. Earnest Partners LLC now owns 1,905,223 shares of the transportation company’s stock worth $298,853,000 after buying an additional 45,393 shares during the period. Sei Investments Co. raised its stake in shares of Ryder System by 1.6% during the fourth quarter. Sei Investments Co. now owns 856,507 shares of the transportation company’s stock worth $134,351,000 after buying an additional 13,529 shares during the last quarter. American Century Companies Inc. lifted its holdings in Ryder System by 0.3% in the fourth quarter. American Century Companies Inc. now owns 843,895 shares of the transportation company’s stock valued at $132,373,000 after buying an additional 2,121 shares during the period. Finally, FMR LLC boosted its stake in Ryder System by 3.1% in the fourth quarter. FMR LLC now owns 805,571 shares of the transportation company’s stock valued at $126,362,000 after acquiring an additional 24,052 shares during the last quarter. Institutional investors and hedge funds 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.