Ryder System, Inc. (NYSE:R) Given Average Rating of “Moderate Buy” by Brokerages

Ryder System, Inc. (NYSE:R) has been assigned an average rating of “Moderate Buy” from the seven analysts that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $147.43.

R has been the subject of several research reports. The Goldman Sachs Group raised their price objective 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. StockNews.com cut shares of Ryder System from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. decreased their price objective on Ryder System from $148.00 to $144.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th.

Ryder System Stock Up 0.7 %

Shares of R opened at $158.42 on Friday. The business’s 50 day simple moving average is $161.32 and its 200-day simple moving average is $145.78. Ryder System has a one year low of $106.62 and a one year high of $171.78. The company has a market capitalization of $6.70 billion, a P/E ratio of 14.82 and a beta of 1.31. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.74 and a quick ratio of 0.74.

Ryder System (NYSE:R) last announced its earnings results on Thursday, October 24th. The transportation company reported $3.44 EPS for the quarter, topping the consensus estimate of $3.39 by $0.05. Ryder System had a return on equity of 16.78% and a net margin of 3.83%. The company had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.29 billion. During the same quarter in the prior year, the business earned $3.58 earnings per share. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. As a group, sell-side analysts predict that Ryder System will post 12.01 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Thomas M. Havens sold 4,000 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 20,504 shares in the company, valued at $3,228,149.76. This trade represents a 16.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 5.10% of the company’s stock.

Institutional Investors Weigh In On Ryder System

Several large investors have recently bought and sold shares of R. Commonwealth Equity Services LLC increased its position in shares of Ryder System by 4.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 14,132 shares of the transportation company’s stock valued at $1,751,000 after buying an additional 578 shares in the last quarter. Natixis Advisors LLC raised its position in shares of Ryder System by 16.3% during the second quarter. Natixis Advisors LLC now owns 89,170 shares of the transportation company’s stock worth $11,046,000 after purchasing an additional 12,469 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Ryder System by 13.5% during the 2nd quarter. Victory Capital Management Inc. now owns 460,134 shares of the transportation company’s stock valued at $57,001,000 after purchasing an additional 54,605 shares in the last quarter. Arizona State Retirement System grew its position in shares of Ryder System by 1.7% in the 2nd quarter. Arizona State Retirement System now owns 12,393 shares of the transportation company’s stock valued at $1,535,000 after purchasing an additional 212 shares during the period. Finally, Private Advisor Group LLC increased its stake in Ryder System by 1.9% during the 2nd quarter. Private Advisor Group LLC now owns 16,745 shares of the transportation company’s stock worth $2,074,000 after purchasing an additional 315 shares in the last quarter. Institutional investors own 87.47% of the company’s stock.

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.