Ryder System (NYSE:R) Raised to “Buy” at StockNews.com

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

Several other research firms have also weighed in on R. The Goldman Sachs Group lifted their price objective on shares of Ryder System from $122.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday. Robert W. Baird reiterated a “buy” rating and issued a $140.00 price objective on shares of Ryder System in a research note on Wednesday, January 3rd. JPMorgan Chase & Co. lifted their price objective on shares of Ryder System from $120.00 to $126.00 and gave the company a “neutral” rating in a research note on Wednesday. Stephens lifted their price objective on shares of Ryder System from $113.00 to $120.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, Wells Fargo & Company lifted their price target on shares of Ryder System from $100.00 to $120.00 and gave the company an “equal weight” rating in a research report on Thursday, February 15th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $123.71.

Ryder System Trading Up 0.2 %

Ryder System stock traded up $0.20 during mid-day trading on Wednesday, hitting $122.21. 509,590 shares of the stock were exchanged, compared to its average volume of 263,139. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.80. Ryder System has a 12 month low of $76.15 and a 12 month high of $122.94. The firm’s fifty day simple moving average is $114.49 and its two-hundred day simple moving average is $110.66. The stock has a market capitalization of $5.41 billion, a price-to-earnings ratio of 14.00 and a beta of 1.40.

Ryder System (NYSE:R) last released its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $2.14 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.43. The company had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.06 billion. Ryder System had a net margin of 3.45% and a return on equity of 19.68%. Ryder System’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.81 EPS. Analysts forecast that Ryder System will post 11.9 EPS for the current year.

Insider Activity at Ryder System

In other Ryder System news, CMO Karen M. Jones sold 7,737 shares of Ryder System stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $113.48, for a total transaction of $877,994.76. Following the transaction, the chief marketing officer now directly owns 12,396 shares of the company’s stock, valued at approximately $1,406,698.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Ryder System

A number of hedge funds have recently bought and sold shares of R. Wellington Management Group LLP raised its stake in shares of Ryder System by 34.9% during the 4th quarter. Wellington Management Group LLP now owns 3,442,545 shares of the transportation company’s stock worth $396,099,000 after purchasing an additional 890,986 shares during the period. Earnest Partners LLC raised its stake in Ryder System by 2.5% in the 3rd quarter. Earnest Partners LLC now owns 1,666,621 shares of the transportation company’s stock valued at $178,245,000 after acquiring an additional 40,086 shares during the period. LSV Asset Management raised its stake in Ryder System by 3.8% in the 4th quarter. LSV Asset Management now owns 1,629,618 shares of the transportation company’s stock valued at $187,504,000 after acquiring an additional 59,156 shares during the period. AQR Capital Management LLC raised its stake in Ryder System by 12.3% in the 3rd quarter. AQR Capital Management LLC now owns 845,253 shares of the transportation company’s stock valued at $90,400,000 after acquiring an additional 92,760 shares during the period. Finally, American Century Companies Inc. raised its stake in Ryder System by 7.9% in the 3rd quarter. American Century Companies Inc. now owns 775,382 shares of the transportation company’s stock valued at $82,927,000 after acquiring an additional 56,851 shares during the period. 87.47% of the stock is owned by hedge funds and other institutional investors.

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.