Ryder System, Inc. (NYSE:R) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Ryder System, Inc. (NYSE:R) have been assigned an average rating of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $157.00.

Several research firms have recently weighed in on R. The Goldman Sachs Group raised their price objective on shares of Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. reduced their price objective 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. Finally, StockNews.com upgraded shares of Ryder System from a “hold” rating to a “buy” rating in a research report on Tuesday, March 18th.

Ryder System Stock Performance

Shares of R opened at $141.70 on Wednesday. The firm has a 50-day moving average price of $157.35 and a 200 day moving average price of $154.89. The firm has a market capitalization of $5.91 billion, a PE ratio of 12.78 and a beta of 1.23. 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 52-week low of $106.88 and a 52-week high of $171.78.

Ryder System (NYSE:R) last announced its 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, sell-side analysts anticipate that Ryder System will post 13.68 earnings per share for the current fiscal year.

Ryder System Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, February 18th were issued a $0.81 dividend. This represents a $3.24 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend was Tuesday, February 18th. Ryder System’s payout ratio is 29.22%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Invst LLC lifted its position in shares of Ryder System by 0.7% in the fourth quarter. Invst LLC now owns 8,315 shares of the transportation company’s stock worth $1,304,000 after purchasing an additional 61 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Ryder System by 1.6% in the fourth quarter. Deutsche Bank AG now owns 4,136 shares of the transportation company’s stock worth $649,000 after purchasing an additional 65 shares in the last quarter. Sanctuary Advisors LLC lifted its position in shares of Ryder System by 0.9% in the fourth quarter. Sanctuary Advisors LLC now owns 7,894 shares of the transportation company’s stock worth $1,282,000 after purchasing an additional 68 shares in the last quarter. Savant Capital LLC lifted its position in shares of Ryder System by 3.6% in the fourth quarter. Savant Capital LLC now owns 2,438 shares of the transportation company’s stock worth $382,000 after purchasing an additional 84 shares in the last quarter. Finally, Baird Financial Group Inc. lifted its position in shares of Ryder System by 0.9% in the fourth quarter. Baird Financial Group Inc. now owns 9,826 shares of the transportation company’s stock worth $1,541,000 after purchasing an additional 90 shares in the last quarter. 87.47% of the stock is currently owned by institutional investors and hedge funds.

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.