Ryder System (NYSE:R) Upgraded at StockNews.com

Ryder System (NYSE:R) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Monday.

R has been the subject of a number of other research reports. JPMorgan Chase & Co. decreased their target price on Ryder System from $126.00 to $125.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Stephens started coverage on Ryder System in a research report on Monday, July 8th. They set an “equal weight” rating for the company. Morgan Stanley initiated coverage on Ryder System in a research report on Monday, June 24th. They set an “overweight” rating and a $165.00 target price for the company. Finally, Robert W. Baird upped their price target on Ryder System from $140.00 to $155.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $137.86.

Ryder System Stock Down 1.5 %

Shares of NYSE R traded down $2.23 during trading hours on Monday, hitting $146.85. The stock had a trading volume of 213,263 shares, compared to its average volume of 259,798. The company has a market capitalization of $6.44 billion, a P/E ratio of 19.12 and a beta of 1.28. The firm’s 50-day moving average price is $142.17 and its two-hundred day moving average price is $130.26. Ryder System has a 52 week low of $91.31 and a 52 week high of $154.76. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.74 and a current ratio of 0.74.

Ryder System (NYSE:R) last announced its earnings results on Thursday, July 25th. The transportation company reported $3.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.87 by $0.13. The firm had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.24 billion. Ryder System had a return on equity of 17.22% and a net margin of 4.06%. The company’s revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.61 earnings per share. Analysts anticipate that Ryder System will post 12.2 EPS for the current fiscal year.

Insider Transactions at Ryder System

In related news, EVP Francisco Jr. Lopez sold 12,730 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $139.32, for a total value of $1,773,543.60. Following the completion of the transaction, the executive vice president now directly owns 47,779 shares in the company, valued at approximately $6,656,570.28. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 5.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its stake in shares of Ryder System by 79.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,962 shares of the transportation company’s stock valued at $578,000 after purchasing an additional 1,748 shares in the last quarter. Buckley Wealth Management LLC raised its stake in Ryder System by 1.1% during the third quarter. Buckley Wealth Management LLC now owns 9,660 shares of the transportation company’s stock worth $1,408,000 after acquiring an additional 105 shares in the last quarter. Raymond James & Associates raised its stake in Ryder System by 73.7% during the third quarter. Raymond James & Associates now owns 32,075 shares of the transportation company’s stock worth $4,677,000 after acquiring an additional 13,613 shares in the last quarter. Blue Trust Inc. raised its stake in Ryder System by 13.0% during the third quarter. Blue Trust Inc. now owns 5,075 shares of the transportation company’s stock worth $740,000 after acquiring an additional 584 shares in the last quarter. Finally, nVerses Capital LLC acquired a new position in Ryder System during the third quarter worth $321,000. 87.47% of the stock is currently owned by institutional investors and hedge funds.

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.