Ryder System (NYSE:R) Downgraded by StockNews.com to Hold

Ryder System (NYSE:R) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

Other research analysts also recently issued reports about the stock. Robert W. Baird increased their price target on shares of Ryder System from $140.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. decreased their price target on shares of Ryder System from $126.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. Morgan Stanley started coverage on shares of Ryder System in a research note on Monday, June 24th. They issued an “overweight” rating and a $165.00 price objective for the company. Stephens started coverage on shares of Ryder System in a research note on Monday, July 8th. They issued an “equal weight” rating for the company. Finally, Vertical Research raised shares of Ryder System from a “hold” rating to a “buy” rating and increased their price objective for the stock from $125.00 to $145.00 in a research note on Friday, June 14th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $137.86.

Ryder System Stock Up 1.6 %

Shares of NYSE R traded up $2.29 during midday trading on Monday, hitting $145.97. The stock had a trading volume of 195,732 shares, compared to its average volume of 260,862. The business’s 50 day moving average is $139.25 and its 200-day moving average is $128.06. The company has a market cap of $6.32 billion, a P/E ratio of 19.01 and a beta of 1.28. Ryder System has a 52 week low of $91.31 and a 52 week high of $150.00. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.09.

Ryder System (NYSE:R) last issued its earnings results on Thursday, July 25th. The transportation company reported $3.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.87 by $0.13. The firm had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.24 billion. Ryder System had a net margin of 4.06% and a return on equity of 17.22%. The business’s revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.61 earnings per share. As a group, analysts predict that Ryder System will post 12.19 EPS for the current year.

Insider Transactions at Ryder System

In related news, EVP Francisco Jr. Lopez sold 12,730 shares of Ryder System stock in a transaction dated 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 completion of the sale, 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 position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 5.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in R. EntryPoint Capital LLC purchased a new position in shares of Ryder System in the 1st quarter worth approximately $25,000. Altshuler Shaham Ltd purchased a new position in shares of Ryder System in the 2nd quarter worth approximately $29,000. Ashton Thomas Private Wealth LLC purchased a new stake in Ryder System during the 2nd quarter worth approximately $51,000. Creekmur Asset Management LLC purchased a new stake in Ryder System during the 4th quarter worth approximately $68,000. Finally, GAMMA Investing LLC grew its position in Ryder System by 44.0% during the 2nd quarter. GAMMA Investing LLC now owns 589 shares of the transportation company’s stock worth $73,000 after purchasing an additional 180 shares during the last quarter. Hedge funds and other institutional investors own 87.47% of the company’s stock.

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.