StockNews.com Downgrades Ryder System (NYSE:R) to Hold

Ryder System (NYSE:R) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.

A number of other equities analysts have also commented on the company. Robert W. Baird lifted their price objective on Ryder System from $140.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Vertical Research raised Ryder System from a “hold” rating to a “buy” rating and lifted their price target for the stock from $125.00 to $145.00 in a research report on Friday, June 14th. Morgan Stanley assumed coverage on Ryder System in a research report on Monday, June 24th. They issued an “overweight” rating and a $165.00 price objective for the company. Stephens started coverage on shares of Ryder System in a research note on Monday, July 8th. They issued an “equal weight” rating on the stock. Finally, JPMorgan Chase & Co. cut their target price on shares of Ryder System from $126.00 to $125.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $137.86.

Ryder System Price Performance

NYSE R opened at $145.99 on Monday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.09. The stock has a market capitalization of $6.32 billion, a PE ratio of 19.01 and a beta of 1.28. Ryder System has a 12-month low of $91.31 and a 12-month high of $150.00. The company has a 50 day moving average price of $139.59 and a two-hundred day moving average price of $128.49.

Ryder System (NYSE:R) last posted its earnings results on Thursday, July 25th. The transportation company reported $3.00 earnings per share for the quarter, beating the consensus estimate of $2.87 by $0.13. The company had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.24 billion. Ryder System had a return on equity of 17.22% and a net margin of 4.06%. The business’s revenue was up 10.3% compared to the same quarter last year. During the same period last year, the company earned $3.61 earnings per share. As a group, equities analysts predict that Ryder System will post 12.19 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Francisco Jr. Lopez sold 12,730 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $139.32, for a total transaction of $1,773,543.60. Following the completion of the sale, the executive vice president now directly owns 47,779 shares of the company’s stock, valued at $6,656,570.28. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 5.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. EntryPoint Capital LLC acquired a new stake in Ryder System in the first quarter worth about $25,000. Altshuler Shaham Ltd bought a new stake in shares of Ryder System during the second quarter worth approximately $29,000. Ashton Thomas Private Wealth LLC acquired a new position in Ryder System in the second quarter valued at approximately $51,000. Creekmur Asset Management LLC acquired a new position in Ryder System in the fourth quarter valued at approximately $68,000. Finally, GAMMA Investing LLC boosted its stake in Ryder System by 44.0% in the second quarter. GAMMA Investing LLC now owns 589 shares of the transportation company’s stock valued at $73,000 after acquiring an additional 180 shares during the last quarter. Institutional investors own 87.47% of the company’s stock.

About Ryder System

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.