Ryder System (NYSE:R) Raised to “Buy” at StockNews.com

Ryder System (NYSE:R) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.

Other equities research analysts also recently issued reports about the company. Stephens upped their target price on Ryder System from $113.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Vertical Research downgraded Ryder System from a “buy” rating to a “hold” rating and set a $120.00 target price for the company. in a research report on Wednesday, January 10th. The Goldman Sachs Group upped their target price on Ryder System from $122.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday. Wells Fargo & Company upped their target price on Ryder System from $100.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 15th. Finally, Robert W. Baird reiterated a “buy” rating and set a $140.00 price objective on shares of Ryder System in a research report on Wednesday, January 3rd. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $123.71.

Ryder System Stock Performance

Shares of R stock opened at $122.39 on Wednesday. Ryder System has a 12-month low of $76.15 and a 12-month high of $123.45. The firm has a market capitalization of $5.41 billion, a price-to-earnings ratio of 14.02 and a beta of 1.40. The business has a 50 day simple moving average of $114.74 and a 200 day simple moving average of $110.74. The company has a debt-to-equity ratio of 2.46, a current ratio of 1.11 and a quick ratio of 0.62.

Ryder System (NYSE:R) last released its earnings results on Tuesday, April 23rd. The transportation company reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.71 by $0.43. The firm had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.06 billion. Ryder System had a return on equity of 18.38% and a net margin of 2.95%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.81 earnings per share. On average, equities research analysts anticipate that Ryder System will post 11.9 EPS for the current year.

Insider Buying and Selling at Ryder System

In other Ryder System news, CMO Karen M. Jones sold 7,737 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $113.48, for a total transaction of $877,994.76. Following the sale, the chief marketing officer now directly owns 12,396 shares of the company’s stock, valued at approximately $1,406,698.08. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 5.10% of the company’s stock.

Hedge Funds Weigh In On Ryder System

A number of hedge funds have recently modified their holdings of R. CWM LLC increased its stake in shares of Ryder System by 33.9% in the third quarter. CWM LLC now owns 438 shares of the transportation company’s stock worth $47,000 after acquiring an additional 111 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Ryder System by 331.2% during the third quarter. SG Americas Securities LLC now owns 9,280 shares of the transportation company’s stock valued at $992,000 after acquiring an additional 7,128 shares during the period. Exchange Traded Concepts LLC boosted its holdings in Ryder System by 406.0% during the third quarter. Exchange Traded Concepts LLC now owns 506 shares of the transportation company’s stock valued at $54,000 after acquiring an additional 406 shares during the period. Measured Wealth Private Client Group LLC bought a new stake in Ryder System during the third quarter valued at about $243,000. Finally, Handelsbanken Fonder AB boosted its holdings in Ryder System by 95.2% during the third quarter. Handelsbanken Fonder AB now owns 7,026 shares of the transportation company’s stock valued at $751,000 after acquiring an additional 3,426 shares during the period. 87.47% of the stock is owned by institutional investors and hedge funds.

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.