Ryder System (NYSE:R) Rating Increased to Buy at StockNews.com

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

Several other research analysts also recently weighed in on the stock. JPMorgan Chase & Co. decreased their target price on shares of Ryder System from $126.00 to $125.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. Stephens began coverage on Ryder System in a research note on Monday, July 8th. They set an “equal weight” rating for the company. Robert W. Baird boosted their price target on Ryder System from $140.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Finally, Morgan Stanley started coverage on Ryder System in a research note on Monday, June 24th. They set an “overweight” rating and a $165.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $137.86.

Ryder System Stock Performance

Ryder System stock opened at $145.73 on Monday. The stock has a fifty day moving average price of $142.47 and a 200 day moving average price of $130.47. Ryder System has a 52 week low of $91.31 and a 52 week high of $154.76. The firm has a market capitalization of $6.31 billion, a P/E ratio of 13.35 and a beta of 1.28. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.09.

Ryder System (NYSE:R) last released its quarterly earnings data on Thursday, July 25th. The transportation company reported $3.00 earnings per share for the quarter, beating the consensus estimate of $2.87 by $0.13. Ryder System had a return on equity of 17.22% and a net margin of 4.06%. The business had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same period in the previous year, the company posted $3.61 EPS. The company’s revenue was up 10.3% compared to the same quarter last year. Equities research analysts anticipate that Ryder System will post 12.2 earnings per share for the current year.

Insider Activity at Ryder System

In related news, EVP Francisco Jr. Lopez sold 12,730 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $139.32, for a total transaction of $1,773,543.60. Following the transaction, the executive vice president now owns 47,779 shares in the company, valued at $6,656,570.28. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.10% of the stock is currently owned by insiders.

Institutional Trading of Ryder System

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC raised its position in shares of Ryder System by 79.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,962 shares of the transportation company’s stock worth $578,000 after purchasing an additional 1,748 shares during the period. Buckley Wealth Management LLC raised its holdings in Ryder System by 1.1% during the 3rd quarter. Buckley Wealth Management LLC now owns 9,660 shares of the transportation company’s stock worth $1,408,000 after buying an additional 105 shares during the period. Raymond James & Associates lifted 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 valued at $4,677,000 after buying an additional 13,613 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Ryder System by 13.0% in the third quarter. Blue Trust Inc. now owns 5,075 shares of the transportation company’s stock worth $740,000 after buying an additional 584 shares during the period. Finally, nVerses Capital LLC acquired a new position in shares of Ryder System in the third quarter worth about $321,000. 87.47% of the stock is 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.