Ryder System (NYSE:R) Downgraded by StockNews.com

Ryder System (NYSE:R) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report released on Saturday.

A number of other brokerages have also recently commented on R. Stephens upped their price target on Ryder System from $110.00 to $113.00 and gave the company an “equal weight” rating in a research report on Thursday, February 15th. Vertical Research downgraded shares of Ryder System from a “buy” rating to a “hold” rating and set a $120.00 price objective on the stock. in a report on Wednesday, January 10th. Robert W. Baird reiterated a “buy” rating and issued a $140.00 target price on shares of Ryder System in a research note on Wednesday, January 3rd. JPMorgan Chase & Co. boosted their price target on shares of Ryder System from $117.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $122.00 price objective on shares of Ryder System in a report on Thursday, February 15th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $120.00.

Ryder System Stock Performance

Shares of R stock opened at $114.88 on Friday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.62 and a current ratio of 0.62. The firm has a market cap of $5.08 billion, a price-to-earnings ratio of 13.16 and a beta of 1.40. Ryder System has a 52 week low of $76.15 and a 52 week high of $121.58. The firm’s 50-day simple moving average is $115.02 and its two-hundred day simple moving average is $110.08.

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, topping the consensus estimate of $2.75 by $0.20. Ryder System had a net margin of 3.45% and a return on equity of 19.68%. The company had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same quarter last year, the business posted $3.89 EPS. Ryder System’s quarterly revenue was down 2.1% compared to the same quarter last year. As a group, equities analysts forecast that Ryder System will post 11.9 earnings per share for the current year.

Insider Buying and Selling

In other Ryder System news, CMO Karen M. Jones sold 7,737 shares of the firm’s stock in a transaction dated 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 legal filing with the SEC, which is accessible through this hyperlink. 5.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Ryder System

Large investors have recently added to or reduced their stakes in the business. Contravisory Investment Management Inc. bought a new stake in Ryder System in the fourth quarter valued at approximately $26,000. Headlands Technologies LLC bought a new stake in Ryder System during the 3rd quarter valued at $26,000. Fortis Capital Advisors LLC raised its holdings in Ryder System by 2,716.7% during the 1st quarter. Fortis Capital Advisors LLC now owns 338 shares of the transportation company’s stock valued at $30,000 after buying an additional 326 shares during the last quarter. GAMMA Investing LLC purchased a new stake in Ryder System during the 4th quarter valued at $45,000. Finally, CWM LLC grew its holdings in Ryder System by 33.9% in the 3rd quarter. CWM LLC now owns 438 shares of the transportation company’s stock worth $47,000 after acquiring an additional 111 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.