Ryder System, Inc. (NYSE:R) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Sunday, July 30th.
A number of other equities research analysts have also recently weighed in on the stock. Stephens cut shares of Ryder System from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $81.00 to $71.00 in a report on Wednesday, April 26th. Zacks Investment Research downgraded shares of Ryder System from a “hold” rating to a “strong sell” rating in a research note on Friday, April 28th. ValuEngine upgraded shares of Ryder System from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Finally, Seaport Global Securities began coverage on shares of Ryder System in a research note on Friday, April 21st. They issued a “neutral” rating on the stock. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $77.00.
Ryder System (NYSE R) opened at 71.94 on Friday. The company has a market cap of $3.81 billion, a PE ratio of 17.32 and a beta of 1.39. Ryder System has a 12 month low of $62.03 and a 12 month high of $85.42. The company has a 50-day moving average of $72.96 and a 200 day moving average of $72.07.
Ryder System (NYSE:R) last announced its quarterly earnings data on Wednesday, July 26th. The transportation company reported $1.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.07. The business had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.76 billion. Ryder System had a net margin of 3.17% and a return on equity of 11.71%. The business’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.56 earnings per share. On average, equities analysts forecast that Ryder System will post $4.44 earnings per share for the current fiscal year.
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In other Ryder System news, CEO Robert E. Sanchez sold 26,275 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $72.43, for a total value of $1,903,098.25. Following the transaction, the chief executive officer now directly owns 107,237 shares in the company, valued at $7,767,175.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Dennis C. Cooke sold 9,650 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $72.75, for a total transaction of $702,037.50. Following the completion of the transaction, the insider now owns 2,883 shares in the company, valued at $209,738.25. The disclosure for this sale can be found here. 1.95% of the stock is owned by corporate insiders.
Several hedge funds have recently made changes to their positions in R. BlackRock Inc. boosted its stake in shares of Ryder System by 5,520.5% in the first quarter. BlackRock Inc. now owns 3,535,794 shares of the transportation company’s stock worth $266,741,000 after buying an additional 3,472,885 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Ryder System by 50.3% in the first quarter. Wells Fargo & Company MN now owns 2,325,451 shares of the transportation company’s stock worth $175,432,000 after buying an additional 777,840 shares during the period. 1060 Capital LLC purchased a new stake in shares of Ryder System during the first quarter worth about $23,678,000. Vanguard Group Inc. boosted its stake in shares of Ryder System by 3.7% in the first quarter. Vanguard Group Inc. now owns 6,246,709 shares of the transportation company’s stock worth $471,252,000 after buying an additional 221,478 shares during the period. Finally, AQR Capital Management LLC boosted its stake in shares of Ryder System by 34.3% in the first quarter. AQR Capital Management LLC now owns 786,370 shares of the transportation company’s stock worth $59,323,000 after buying an additional 200,714 shares during the period. 93.05% of the stock is owned by hedge funds and other institutional investors.
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.
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