Ryder System (NYSE:R) Rating Increased to Strong-Buy at Baird R W

by · The Markets Daily

Ryder System (NYSE:R – Get Free Report) was upgraded by stock analysts at Baird R W to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

A number of other brokerages have also weighed in on R. JPMorgan Chase & Co. cut their price target on shares of Ryder System from $174.00 to $165.00 and set a “neutral” rating on the stock in a research note on Thursday, April 24th. Robert W. Baird initiated coverage on shares of Ryder System in a research note on Tuesday. They issued an “outperform” rating and a $186.00 price target on the stock. Stephens cut their price target on shares of Ryder System from $168.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Friday, April 25th. Wall Street Zen lowered shares of Ryder System from a “buy” rating to a “hold” rating in a research note on Wednesday, March 26th. Finally, Barclays initiated coverage on shares of Ryder System in a research note on Monday, June 9th. They issued an “overweight” rating and a $190.00 price target on the stock. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $172.17.

Read Our Latest Stock Report on R

Ryder System Stock Up 6.1%

Shares of NYSE R opened at $168.70 on Tuesday. The stock has a market cap of $6.97 billion, a P/E ratio of 14.71 and a beta of 0.97. The firm has a 50 day moving average price of $149.92 and a 200 day moving average price of $151.96. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.73 and a current ratio of 0.73. Ryder System has a 52-week low of $117.17 and a 52-week high of $171.78.

Ryder System (NYSE:R – Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $2.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.06. The firm had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.17 billion. Ryder System had a net margin of 3.96% and a return on equity of 17.64%. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.14 earnings per share. Analysts expect that Ryder System will post 13.68 EPS for the current year.

Insiders Place Their Bets

In other news, Director E Follin Smith sold 1,243 shares of the business’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $144.38, for a total value of $179,464.34. Following the sale, the director owned 39,802 shares of the company’s stock, valued at $5,746,612.76. The trade was a 3.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Robert E. Sanchez sold 18,496 shares of the business’s stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $155.73, for a total transaction of $2,880,382.08. Following the completion of the sale, the chief executive officer directly owned 40,824 shares in the company, valued at approximately $6,357,521.52. This represents a 31.18% decrease in their position. The disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.

Institutional Trading of Ryder System

A number of institutional investors have recently made changes to their positions in R. Wellington Management Group LLP raised its position in Ryder System by 16.2% during the first quarter. Wellington Management Group LLP now owns 2,984,836 shares of the transportation company’s stock worth $429,249,000 after acquiring an additional 415,103 shares in the last quarter. Wealthfront Advisers LLC bought a new stake in Ryder System during the fourth quarter worth $314,075,000. Earnest Partners LLC raised its position in Ryder System by 2.4% during the fourth quarter. Earnest Partners LLC now owns 1,905,223 shares of the transportation company’s stock worth $298,853,000 after acquiring an additional 45,393 shares in the last quarter. LSV Asset Management raised its position in Ryder System by 0.3% during the first quarter. LSV Asset Management now owns 1,456,453 shares of the transportation company’s stock worth $209,453,000 after acquiring an additional 4,912 shares in the last quarter. Finally, Orbis Allan Gray Ltd raised its position in Ryder System by 0.9% during the first quarter. Orbis Allan Gray Ltd now owns 870,959 shares of the transportation company’s stock worth $125,253,000 after acquiring an additional 7,429 shares in the last quarter. Institutional investors own 87.47% of the company’s stock.

Ryder System Company Profile

(Get Free Report)

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.

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