Ryder System, Inc. (NYSE:R) Given Consensus Recommendation of “Moderate Buy” by Analysts

Ryder System, Inc. (NYSE:R) has been assigned an average rating of “Moderate Buy” from the seven ratings firms that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $147.43.

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. cut their price target on Ryder System from $148.00 to $144.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. The Goldman Sachs Group raised their target price on shares of Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, StockNews.com cut shares of Ryder System from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th.

Insider Transactions at Ryder System

In other Ryder System news, insider Thomas M. Havens sold 4,000 shares of Ryder System stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $157.44, for a total value of $629,760.00. Following the transaction, the insider now directly owns 20,504 shares of the company’s stock, valued at approximately $3,228,149.76. The trade was a 16.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in R. Wolff Wiese Magana LLC acquired a new position in shares of Ryder System in the 3rd quarter valued at $28,000. Altshuler Shaham Ltd acquired a new position in shares of Ryder System in the second quarter valued at about $29,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Ryder System in the third quarter worth about $34,000. UMB Bank n.a. boosted its position in Ryder System by 43.2% in the third quarter. UMB Bank n.a. now owns 265 shares of the transportation company’s stock valued at $39,000 after buying an additional 80 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Ryder System in the 2nd quarter worth approximately $51,000. 87.47% of the stock is owned by institutional investors and hedge funds.

Ryder System Trading Up 0.3 %

Shares of R opened at $157.46 on Friday. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.74 and a quick ratio of 0.74. The firm has a market capitalization of $6.66 billion, a price-to-earnings ratio of 14.73 and a beta of 1.31. The company has a 50-day moving average of $160.88 and a 200 day moving average of $145.60. Ryder System has a 1-year low of $106.62 and a 1-year high of $171.78.

Ryder System (NYSE:R) last announced its quarterly earnings results on Thursday, October 24th. The transportation company reported $3.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.39 by $0.05. The firm had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.29 billion. Ryder System had a return on equity of 16.78% and a net margin of 3.83%. Ryder System’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.58 earnings per share. On average, research analysts expect that Ryder System will post 12.01 EPS for the current year.

Ryder System Company Profile

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.