Ryder System (NYSE:R) Shares Gap Down – What’s Next?

Ryder System, Inc. (NYSE:R) shares gapped down before the market opened on Wednesday . The stock had previously closed at $139.51, but opened at $127.83. Ryder System shares last traded at $138.32, with a volume of 17,869 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. StockNews.com raised shares of Ryder System from a “hold” rating to a “buy” rating in a research report on Tuesday. The Goldman Sachs Group lifted their target price on shares of Ryder System from $160.00 to $183.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. cut their target price on shares of Ryder System from $176.00 to $174.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Ryder System has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

Ryder System Stock Performance

The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.14. The company has a market cap of $5.86 billion, a PE ratio of 12.66 and a beta of 1.23. The business’s 50 day moving average is $157.61 and its two-hundred day moving average is $154.69.

Ryder System (NYSE:R) last announced its quarterly earnings results on Wednesday, February 12th. The transportation company reported $3.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.39 by $0.06. Ryder System had a net margin of 3.87% and a return on equity of 17.23%. On average, equities research analysts anticipate that Ryder System, Inc. will post 13.68 EPS for the current year.

Ryder System Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Tuesday, February 18th will be issued a $0.81 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.31%. Ryder System’s dividend payout ratio (DPR) is presently 29.22%.

Hedge Funds Weigh In On Ryder System

Hedge funds have recently added to or reduced their stakes in the company. Keystone Financial Group Inc. bought a new position in Ryder System during the 4th quarter valued at about $26,000. SBI Securities Co. Ltd. purchased a new stake in Ryder System in the 4th quarter valued at about $26,000. Wilmington Savings Fund Society FSB purchased a new stake in Ryder System in the 3rd quarter valued at about $34,000. R Squared Ltd purchased a new stake in Ryder System in the 4th quarter valued at about $45,000. Finally, Principal Securities Inc. boosted its position in Ryder System by 36.5% in the 4th quarter. Principal Securities Inc. now owns 344 shares of the transportation company’s stock valued at $54,000 after buying an additional 92 shares during the period. 87.47% of the stock is currently owned by institutional investors.

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.