Ryder System, Inc. (NYSE:R) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Friday, November 10th.
Other research analysts have also issued reports about the company. Robert W. Baird reaffirmed an “outperform” rating and issued a $98.00 target price (up from $84.00) on shares of Ryder System in a research report on Monday, October 2nd. Buckingham Research started coverage on Ryder System in a research report on Monday, August 21st. They issued a “buy” rating and a $85.00 target price on the stock. KeyCorp raised Ryder System from a “sector weight” rating to an “overweight” rating in a research report on Wednesday, September 13th. Aegis reaffirmed a “buy” rating and issued a $91.00 target price (up from $84.00) on shares of Ryder System in a research report on Tuesday, October 10th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $68.00 target price on shares of Ryder System in a research report on Tuesday, September 5th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Ryder System currently has a consensus rating of “Buy” and an average price target of $85.00.
Ryder System (NYSE:R) traded down $0.04 during mid-day trading on Friday, hitting $77.53. The stock had a trading volume of 343,700 shares, compared to its average volume of 715,983. Ryder System has a 1-year low of $62.52 and a 1-year high of $85.50. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 2.39. The firm has a market capitalization of $4,107.15, a PE ratio of 18.38, a price-to-earnings-growth ratio of 1.15 and a beta of 1.51.
Ryder System (NYSE:R) last posted its quarterly earnings data on Tuesday, October 24th. The transportation company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.04. Ryder System had a return on equity of 10.72% and a net margin of 2.75%. The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter last year, the firm earned $1.67 earnings per share. The business’s revenue was up 7.2% on a year-over-year basis. sell-side analysts forecast that Ryder System will post 4.51 EPS for the current year.
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In other Ryder System news, insider Dennis C. Cooke sold 32,328 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $81.46, for a total value of $2,633,438.88. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP John J. Gleason sold 8,760 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $78.30, for a total value of $685,908.00. The disclosure for this sale can be found here. Insiders sold 45,878 shares of company stock worth $3,711,073 over the last three months. 1.95% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp increased its position in shares of Ryder System by 6.7% during the second quarter. Bank of New York Mellon Corp now owns 820,490 shares of the transportation company’s stock worth $59,058,000 after acquiring an additional 51,763 shares during the last quarter. Cipher Capital LP increased its position in shares of Ryder System by 152.2% during the second quarter. Cipher Capital LP now owns 21,794 shares of the transportation company’s stock worth $1,569,000 after acquiring an additional 13,153 shares during the last quarter. Canada Pension Plan Investment Board increased its position in shares of Ryder System by 155.2% during the second quarter. Canada Pension Plan Investment Board now owns 159,988 shares of the transportation company’s stock worth $11,516,000 after acquiring an additional 97,300 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Ryder System by 10.9% during the second quarter. Goldman Sachs Group Inc. now owns 643,399 shares of the transportation company’s stock worth $46,312,000 after acquiring an additional 63,055 shares during the last quarter. Finally, Schroder Investment Management Group grew its stake in Ryder System by 20.1% in the second quarter. Schroder Investment Management Group now owns 875,380 shares of the transportation company’s stock worth $62,896,000 after purchasing an additional 146,745 shares in the last quarter. 89.15% of the stock is currently owned by institutional investors and hedge funds.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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