Ryder System (NYSE:R) Lowered to Hold Rating by 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 research report issued to clients and investors on Tuesday.

Several other brokerages also recently weighed in on R. The Goldman Sachs Group lifted their target price on Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. cut their price objective on shares of Ryder System from $176.00 to $174.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $157.00.

Ryder System Stock Performance

R stock traded up $0.95 during mid-day trading on Tuesday, reaching $160.66. The company had a trading volume of 318,416 shares, compared to its average volume of 368,664. The stock’s 50-day simple moving average is $160.42 and its two-hundred day simple moving average is $153.66. The stock has a market capitalization of $6.76 billion, a P/E ratio of 14.49 and a beta of 1.30. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.14. Ryder System has a one year low of $106.88 and a one year 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, beating 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%. Research analysts anticipate that Ryder System will post 13.68 EPS for the current year.

Institutional Investors Weigh In On Ryder System

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Wealthfront Advisers LLC acquired a new stake in Ryder System during the fourth quarter valued at approximately $314,075,000. Norges Bank acquired a new stake in shares of Ryder System during the 4th quarter valued at $97,844,000. Jacobs Levy Equity Management Inc. boosted its stake in shares of Ryder System by 212.4% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 425,614 shares of the transportation company’s stock worth $62,055,000 after acquiring an additional 289,388 shares in the last quarter. FMR LLC grew its holdings in shares of Ryder System by 56.2% in the 3rd quarter. FMR LLC now owns 781,519 shares of the transportation company’s stock worth $113,945,000 after acquiring an additional 281,052 shares during the last quarter. Finally, Leigh Baldwin & CO. LLC acquired a new stake in shares of Ryder System during the fourth quarter worth $40,475,000. 87.47% of the stock is owned by institutional investors and hedge funds.

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.