StockNews.com Downgrades Ryder System (NYSE:R) to Hold

Ryder System (NYSE:R) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

R has been the subject of a number of other research reports. Vertical Research cut Ryder System from a “buy” rating to a “hold” rating and set a $120.00 price objective for the company. in a report on Wednesday, January 10th. JPMorgan Chase & Co. upped their target price on Ryder System from $117.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. Stephens upped their target price on Ryder System from $110.00 to $113.00 and gave the stock an “equal weight” rating in a report on Thursday, February 15th. Finally, Wells Fargo & Company upped their target price on Ryder System from $100.00 to $120.00 and gave the stock an “equal weight” rating in a report on Thursday, February 15th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $116.00.

Ryder System Price Performance

R traded up $1.61 on Thursday, hitting $120.22. 253,201 shares of the company’s stock traded hands, compared to its average volume of 264,741. The company’s 50 day simple moving average is $114.26 and its 200-day simple moving average is $108.81. The firm has a market cap of $5.32 billion, a price-to-earnings ratio of 13.77 and a beta of 1.39. Ryder System has a one year low of $76.15 and a one year high of $120.93. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.80.

Ryder System (NYSE:R) last released its quarterly earnings data on Wednesday, February 14th. The transportation company reported $2.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.75 by $0.20. Ryder System had a return on equity of 19.68% and a net margin of 3.45%. The business had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the previous year, the company posted $3.89 EPS. The company’s revenue was down 2.1% compared to the same quarter last year. As a group, research analysts anticipate that Ryder System will post 11.9 EPS for the current year.

Insider Buying and Selling at Ryder System

In other news, CMO Karen M. Jones sold 7,737 shares of the company’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 in the company, valued at $1,406,698.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 5.10% of the company’s stock.

Hedge Funds Weigh In On Ryder System

A number of hedge funds have recently bought and sold shares of R. Cambridge Financial Group Inc. acquired a new position in shares of Ryder System during the third quarter valued at approximately $8,186,000. UBS Group AG raised its holdings in shares of Ryder System by 24.2% during the third quarter. UBS Group AG now owns 78,946 shares of the transportation company’s stock valued at $8,443,000 after acquiring an additional 15,361 shares during the last quarter. Earnest Partners LLC raised its holdings in shares of Ryder System by 2.5% during the third quarter. Earnest Partners LLC now owns 1,666,621 shares of the transportation company’s stock valued at $178,245,000 after acquiring an additional 40,086 shares during the last quarter. DekaBank Deutsche Girozentrale raised its holdings in shares of Ryder System by 174.7% during the third quarter. DekaBank Deutsche Girozentrale now owns 7,717 shares of the transportation company’s stock valued at $812,000 after acquiring an additional 4,908 shares during the last quarter. Finally, Aviva PLC acquired a new position in shares of Ryder System during the third quarter valued at approximately $1,680,000. Hedge funds and other institutional investors 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.