Ryder System (NYSE:R) Shares Gap Down - Should You Sell?

Ryder System, Inc. (NYSE:R - Get Free Report)'s share price 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.

Analysts Set New Price Targets

Several research firms have recently weighed in on R. JPMorgan Chase & Co. lowered their price objective on shares of Ryder System from $176.00 to $174.00 and set a "neutral" rating on the stock in a research report on Thursday, February 13th. 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. Finally, StockNews.com upgraded shares of Ryder System from a "hold" rating to a "buy" rating in a research report on Tuesday, March 18th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Ryder System presently has an average rating of "Moderate Buy" and a consensus target price of $157.00.

Ryder System Stock Performance

The company has a market cap of $5.91 billion, a PE ratio of 12.78 and a beta of 1.23. The business's 50-day moving average is $157.35 and its 200 day moving average is $154.89. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.75 and a current ratio of 0.75.

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Ryder System (NYSE:R - Get Free Report) last released its quarterly earnings data 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 predict that Ryder System, Inc. will post 13.68 EPS for the current fiscal year.

Ryder System Dividend Announcement

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

Hedge Funds Weigh In On Ryder System

A number of hedge funds have recently modified their holdings of R. Keystone Financial Group Inc. bought a new stake in shares of Ryder System during the 4th quarter valued at about $26,000. SBI Securities Co. Ltd. bought a new stake in shares of Ryder System during the 4th quarter valued at about $26,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Ryder System during the 3rd quarter valued at about $34,000. R Squared Ltd bought a new stake in shares of Ryder System during the 4th quarter valued at about $45,000. Finally, Principal Securities Inc. boosted its stake in shares of Ryder System by 36.5% during the 4th 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. Hedge funds and other institutional investors own 87.47% of the company's stock.

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.