Ryder System (NYSE:R) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a report released on Friday, November 10th.
Several other equities analysts have also recently issued reports on the company. Zacks Investment Research raised Ryder System from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a report on Tuesday, October 31st. Buckingham Research lifted their price target on Ryder System from $92.00 to $93.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. J P Morgan Chase & Co lifted their price target on Ryder System from $69.00 to $82.00 and gave the company a “neutral” rating in a research note on Thursday, October 12th. Aegis reiterated a “buy” rating and set a $91.00 price objective (up from $84.00) on shares of Ryder System in a research note on Tuesday, October 10th. Finally, Robert W. Baird reiterated an “outperform” rating and set a $98.00 price objective (up from $84.00) on shares of Ryder System in a research note on Monday, October 2nd. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $85.00.
Ryder System (R) traded up $1.37 during trading on Friday, hitting $81.07. The stock had a trading volume of 462,800 shares, compared to its average volume of 711,172. Ryder System has a 52-week low of $62.52 and a 52-week high of $85.50. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.02 and a quick ratio of 0.96. The firm has a market cap of $4,092.86, a PE ratio of 18.32, a price-to-earnings-growth ratio of 1.14 and a beta of 1.51.
In other Ryder System news, CMO Karen M. Jones sold 4,790 shares of the company’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $81.78, for a total transaction of $391,726.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Dennis C. Cooke sold 32,328 shares of the company’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $81.46, for a total value of $2,633,438.88. The disclosure for this sale can be found here. Insiders sold 45,878 shares of company stock worth $3,711,073 over the last quarter. 1.95% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. increased its position in shares of Ryder System by 41.7% during the second quarter. BlackRock Inc. now owns 5,010,932 shares of the transportation company’s stock worth $360,685,000 after acquiring an additional 1,475,138 shares during the period. Pzena Investment Management LLC purchased a new stake in shares of Ryder System during the third quarter worth $47,625,000. Impala Asset Management LLC purchased a new stake in shares of Ryder System during the third quarter worth $23,404,000. Cornerstone Capital Management Holdings LLC. increased its position in shares of Ryder System by 208.0% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 356,907 shares of the transportation company’s stock worth $30,175,000 after acquiring an additional 241,018 shares during the period. Finally, Schroder Investment Management Group increased its position in shares of Ryder System by 22.6% during the third quarter. Schroder Investment Management Group now owns 1,073,478 shares of the transportation company’s stock worth $90,182,000 after acquiring an additional 198,098 shares during the period. Institutional investors own 90.24% 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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