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

Ryder System, Inc. (NYSE:R)’s share price gapped down prior to trading 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 traded.

Analysts Set New Price Targets

R has been the topic of several research analyst reports. StockNews.com raised shares of Ryder System from a “hold” rating to a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. reduced their target price on Ryder System from $176.00 to $174.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. Finally, The Goldman Sachs Group increased 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. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $157.00.

Ryder System Trading Up 0.4 %

The firm’s 50-day simple moving average is $157.61 and its 200-day simple moving average is $154.69. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.14. The firm has a market capitalization of $5.86 billion, a PE ratio of 12.66 and a beta of 1.23.

Ryder System (NYSE:R) last posted its earnings results on Wednesday, February 12th. The transportation company reported $3.45 earnings per share for the quarter, topping 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%. Equities analysts expect that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Announces Dividend

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

Institutional Trading of Ryder System

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Keystone Financial Group Inc. bought a new position in shares of Ryder System during the fourth quarter valued at approximately $26,000. SBI Securities Co. Ltd. bought a new position in shares of Ryder System during the fourth quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB bought a new position in shares of Ryder System during the third quarter valued at approximately $34,000. R Squared Ltd bought a new position in shares of Ryder System during the fourth quarter valued at approximately $45,000. Finally, Principal Securities Inc. increased its stake in shares of Ryder System by 36.5% during the fourth quarter. Principal Securities Inc. now owns 344 shares of the transportation company’s stock valued at $54,000 after purchasing an additional 92 shares in the last quarter. 87.47% of the stock is currently owned by hedge funds and other 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.