Ryder System, Inc. (NYSE:R) was downgraded by research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued on Monday, July 24th.
Several other analysts have also recently issued reports on the stock. Stephens cut shares of Ryder System from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $81.00 to $71.00 in a research note on Wednesday, April 26th. Zacks Investment Research cut shares of Ryder System from a “hold” rating to a “strong sell” rating in a research note on Friday, April 28th. ValuEngine raised shares of Ryder System from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Finally, Seaport Global Securities started coverage on shares of Ryder System in a research note on Friday, April 21st. They set a “neutral” rating for the company. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Ryder System has a consensus rating of “Hold” and an average target price of $77.00.
Ryder System (R) traded up 1.65% on Monday, reaching $74.04. The company’s stock had a trading volume of 379,777 shares. Ryder System has a 52 week low of $62.03 and a 52 week high of $85.42. The firm has a 50 day moving average price of $72.52 and a 200 day moving average price of $72.22. The stock has a market capitalization of $3.92 billion, a P/E ratio of 17.83 and a beta of 1.39.
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, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.07. Ryder System had a net margin of 3.17% and a return on equity of 11.71%. The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.76 billion. During the same period in the previous year, the company earned $1.56 EPS. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. On average, equities analysts anticipate that Ryder System will post $4.44 EPS for the current year.
In other news, CEO Robert E. Sanchez sold 26,275 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $72.43, for a total value of $1,903,098.25. Following the sale, the chief executive officer now owns 107,237 shares in the company, valued at approximately $7,767,175.91. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Dennis C. Cooke sold 9,650 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $72.75, for a total transaction of $702,037.50. Following the completion of the sale, the insider now owns 2,883 shares in the company, valued at approximately $209,738.25. The disclosure for this sale can be found here. 1.95% of the stock is currently owned by corporate insiders.
Several large investors have recently modified their holdings of R. JFS Wealth Advisors LLC increased its stake in shares of Ryder System by 1.1% in the second quarter. JFS Wealth Advisors LLC now owns 2,160 shares of the transportation company’s stock worth $156,000 after buying an additional 24 shares in the last quarter. Teacher Retirement System of Texas increased its stake in shares of Ryder System by 1.7% in the second quarter. Teacher Retirement System of Texas now owns 4,270 shares of the transportation company’s stock worth $307,000 after buying an additional 71 shares in the last quarter. Mason Street Advisors LLC increased its stake in shares of Ryder System by 1.0% in the first quarter. Mason Street Advisors LLC now owns 7,389 shares of the transportation company’s stock worth $557,000 after buying an additional 75 shares in the last quarter. Intrust Bank NA increased its stake in shares of Ryder System by 1.5% in the first quarter. Intrust Bank NA now owns 6,435 shares of the transportation company’s stock worth $486,000 after buying an additional 95 shares in the last quarter. Finally, Thrivent Financial For Lutherans increased its stake in shares of Ryder System by 0.7% in the first quarter. Thrivent Financial For Lutherans now owns 18,750 shares of the transportation company’s stock worth $1,415,000 after buying an additional 130 shares in the last quarter. Institutional investors and hedge funds own 93.05% 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.
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