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

Ryder System, Inc. (NYSE:R) has been given a consensus recommendation of “Moderate Buy” by the seven analysts that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $147.43.

R has been the subject of a number of analyst reports. JPMorgan Chase & Co. cut their price target on shares of Ryder System from $148.00 to $144.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. StockNews.com cut Ryder System from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. Finally, The Goldman Sachs Group boosted their price objective on Ryder System from $160.00 to $183.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th.

Insider Transactions at Ryder System

In other Ryder System news, insider Thomas M. Havens sold 4,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $157.44, for a total transaction of $629,760.00. Following the completion of the transaction, the insider now owns 20,504 shares of the company’s stock, valued at approximately $3,228,149.76. This trade represents a 16.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 5.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in R. Wolff Wiese Magana LLC purchased a new stake in Ryder System in the 3rd quarter worth $28,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Ryder System during the third quarter valued at approximately $34,000. UMB Bank n.a. lifted its holdings in shares of Ryder System by 43.2% in the third quarter. UMB Bank n.a. now owns 265 shares of the transportation company’s stock worth $39,000 after buying an additional 80 shares in the last quarter. R Squared Ltd bought a new position in shares of Ryder System during the fourth quarter worth $45,000. Finally, Decker Retirement Planning Inc. purchased a new position in Ryder System during the fourth quarter valued at $96,000. Institutional investors own 87.47% of the company’s stock.

Ryder System Trading Down 2.0 %

Ryder System stock opened at $160.69 on Tuesday. The firm has a market capitalization of $6.80 billion, a PE ratio of 15.03 and a beta of 1.31. The business’s 50-day simple moving average is $161.98 and its 200-day simple moving average is $149.48. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.74 and a current ratio of 0.74. Ryder System has a 52 week low of $106.62 and a 52 week high of $171.78.

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.