Ryder System, Inc. (NYSE:R) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Ryder System, Inc. (NYSE:R) has been assigned a consensus rating of “Moderate Buy” from the six analysts that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $157.00.

Several brokerages recently issued reports on R. StockNews.com downgraded Ryder System from a “buy” rating to a “hold” rating in a research note on Tuesday. The Goldman Sachs Group raised their price target on Ryder System from $160.00 to $183.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Finally, 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 research note on Thursday, February 13th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Wealthfront Advisers LLC bought a new position in shares of Ryder System in the 4th quarter valued at approximately $314,075,000. Earnest Partners LLC raised its stake in shares of Ryder System by 2.4% in the 4th quarter. Earnest Partners LLC now owns 1,905,223 shares of the transportation company’s stock valued at $298,853,000 after acquiring an additional 45,393 shares in the last quarter. Sei Investments Co. raised its stake in shares of Ryder System by 1.6% in the 4th quarter. Sei Investments Co. now owns 856,507 shares of the transportation company’s stock valued at $134,351,000 after acquiring an additional 13,529 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Ryder System by 0.3% in the 4th quarter. American Century Companies Inc. now owns 843,895 shares of the transportation company’s stock valued at $132,373,000 after acquiring an additional 2,121 shares in the last quarter. Finally, FMR LLC raised its stake in shares of Ryder System by 3.1% in the 4th 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 in the last quarter. 87.47% of the stock is owned by institutional investors.

Ryder System Stock Up 3.0 %

Shares of Ryder System stock opened at $164.40 on Friday. The stock has a 50-day moving average price of $160.77 and a 200 day moving average price of $153.98. The company has a market cap of $6.92 billion, a P/E ratio of 14.82 and a beta of 1.29. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.14. Ryder System has a 1 year low of $106.88 and a 1 year high of $171.78.

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

Ryder System Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Tuesday, February 18th will be paid a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend is Tuesday, February 18th. Ryder System’s payout ratio is 29.22%.

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.