Ryder System, Inc. (R) Downgraded by ValuEngine to Hold
Ryder System, Inc. (NYSE:R) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Monday, October 2nd.
Other research analysts also recently issued reports about the company. Robert W. Baird reiterated an “outperform” rating and issued a $98.00 price target (up from $84.00) on shares of Ryder System in a report on Monday, October 2nd. BidaskClub upgraded Ryder System from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. Buckingham Research assumed coverage on Ryder System in a report on Monday, August 21st. They issued a “buy” rating and a $85.00 price target for the company. KeyCorp upgraded Ryder System from a “sector weight” rating to an “overweight” rating in a report on Wednesday, September 13th. Finally, Stifel Nicolaus restated a “hold” rating and set a $68.00 price objective on shares of Ryder System in a report on Tuesday, September 5th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Ryder System currently has an average rating of “Buy” and an average price target of $83.86.
Shares of Ryder System (NYSE R) traded down 3.37% during trading on Monday, hitting $81.03. The stock had a trading volume of 736,553 shares. Ryder System has a 52-week low of $62.03 and a 52-week high of $85.50. The firm’s 50-day moving average is $80.88 and its 200 day moving average is $73.33. The firm has a market cap of $4.29 billion, a price-to-earnings ratio of 19.51 and a beta of 1.41.
Ryder System (NYSE:R) last posted its earnings results on Wednesday, July 26th. The transportation company reported $1.00 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same quarter in the prior year, the company earned $1.56 EPS. Ryder System’s revenue was up 5.3% on a year-over-year basis. On average, analysts expect that Ryder System will post $4.45 EPS for the current year.
In related news, insider John S. Sensing sold 4,502 shares of the stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $73.01, for a total transaction of $328,691.02. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Dennis C. Cooke sold 9,650 shares of the firm’s stock in a transaction that occurred on 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. Over the last three months, insiders sold 40,427 shares of company stock valued at $2,933,827. 1.95% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of R. JFS Wealth Advisors LLC boosted its holdings in Ryder System by 1.1% during 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 lifted its position in Ryder System by 1.7% in the 2nd 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 lifted its position in Ryder System by 1.0% in the 1st 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. Thrivent Financial For Lutherans lifted its position in Ryder System by 0.7% in the 1st 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. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Ryder System by 8.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,953 shares of the transportation company’s stock worth $141,000 after buying an additional 156 shares in the last quarter. Institutional investors and hedge funds own 89.54% of the company’s stock.
Ryder System Company Profile
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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