Ryder System, Inc. (R) Downgraded by BidaskClub

Ryder System, Inc. (NYSE:R) was downgraded by stock analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Monday, July 24th.

A number of other equities research analysts have also recently weighed in on the company. Zacks Investment Research upgraded Ryder System from a “sell” rating to a “hold” rating in a research note on Wednesday, April 12th. Seaport Global Securities assumed coverage on Ryder System in a research note on Friday, April 21st. They issued a “neutral” rating on the stock. ValuEngine upgraded Ryder System from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Finally, Stephens cut Ryder System from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $81.00 to $71.00 in a research note on Wednesday, April 26th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $77.00.

Ryder System (NYSE R) traded up 1.18% during trading on Monday, hitting $72.62. 1,692,211 shares of the stock were exchanged. The firm’s 50 day moving average price is $71.44 and its 200-day moving average price is $72.31. The stock has a market cap of $3.85 billion, a price-to-earnings ratio of 17.49 and a beta of 1.39. Ryder System has a 1-year low of $62.03 and a 1-year high of $85.42.

Ryder System (NYSE:R) last announced its quarterly earnings data on Wednesday, July 26th. The transportation company reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.07. Ryder System had a return on equity of 11.71% and a net margin of 3.17%. The company had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same quarter in the prior year, the business posted $1.56 EPS. The business’s revenue was up 5.3% compared to the same quarter last year. On average, analysts anticipate that Ryder System will post $4.44 EPS for the current year.

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In other Ryder System news, insider Dennis C. Cooke sold 9,650 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $72.75, for a total transaction of $702,037.50. Following the transaction, the insider now owns 2,883 shares in the company, valued at approximately $209,738.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.95% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. raised its stake in Ryder System by 5,520.5% in the first quarter. BlackRock Inc. now owns 3,535,794 shares of the transportation company’s stock valued at $266,741,000 after buying an additional 3,472,885 shares during the period. Wells Fargo & Company MN raised its stake in Ryder System by 50.3% in the first quarter. Wells Fargo & Company MN now owns 2,325,451 shares of the transportation company’s stock valued at $175,432,000 after buying an additional 777,840 shares during the period. 1060 Capital LLC bought a new stake in Ryder System during the first quarter valued at about $23,678,000. Vanguard Group Inc. raised its stake in Ryder System by 3.7% in the first quarter. Vanguard Group Inc. now owns 6,246,709 shares of the transportation company’s stock valued at $471,252,000 after buying an additional 221,478 shares during the period. Finally, AQR Capital Management LLC raised its stake in Ryder System by 34.3% in the first quarter. AQR Capital Management LLC now owns 786,370 shares of the transportation company’s stock valued at $59,323,000 after buying an additional 200,714 shares during the period. Hedge funds and other institutional investors own 92.96% of the company’s stock.

About Ryder System

Ryder System, Inc is engaged in offering transportation and supply chain management solutions. The Company operates through three segments: Fleet Management Solutions (FMS), which provides leasing, commercial rental, contract maintenance, and contract-related maintenance of trucks, tractors and trailers to customers principally in the United States, Canada and the United Kingdom; Dedicated Transportation Solutions (DTS), which provides vehicles and drivers as part of a dedicated transportation solution in the United States, and Supply Chain Solutions (SCS), which provides supply chain solutions, including distribution and transportation services in North America and Asia.