Ryder System, Inc. (R) Lifted to Overweight at KeyCorp
Ryder System, Inc. (NYSE:R) was upgraded by stock analysts at KeyCorp from a “sector weight” rating to an “overweight” rating in a research note issued to investors on Wednesday, Marketbeat.com reports.
Other equities analysts have also recently issued research reports about the company. ValuEngine upgraded Ryder System from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. BidaskClub upgraded shares of Ryder System from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. Buckingham Research started coverage on shares of Ryder System in a research note on Monday, August 21st. They set a “buy” rating and a $85.00 price objective for the company. Zacks Investment Research downgraded shares of Ryder System from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, Stifel Nicolaus restated a “hold” rating and set a $68.00 price objective on shares of Ryder System in a research note on Tuesday, September 5th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $77.17.
Shares of Ryder System (NYSE R) traded up 1.22% during mid-day trading on Wednesday, hitting $79.60. The company’s stock had a trading volume of 495,750 shares. Ryder System has a 1-year low of $62.03 and a 1-year high of $85.42. The stock has a market cap of $4.22 billion, a PE ratio of 19.17 and a beta of 1.37. The company has a 50-day moving average price of $74.60 and a 200-day moving average price of $72.09.
Ryder System (NYSE:R) last released its earnings results on Wednesday, July 26th. The transportation company reported $1.00 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.07. The firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.76 billion. Ryder System had a return on equity of 11.71% and a net margin of 3.17%. The company’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.56 EPS. Analysts predict that Ryder System will post $4.45 EPS for the current fiscal year.
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In related news, insider Dennis C. Cooke sold 9,650 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $72.75, for a total value of $702,037.50. Following the completion of the sale, the insider now directly owns 2,883 shares in the company, valued at approximately $209,738.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John S. Sensing sold 4,502 shares of the firm’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $73.01, for a total transaction of $328,691.02. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,427 shares of company stock valued at $2,933,827. Company insiders own 1.95% of the company’s stock.
A number of large investors have recently modified their holdings of R. BlueMountain Capital Management LLC acquired a new stake in Ryder System in the 2nd quarter valued at about $109,000. Private Advisor Group LLC acquired a new stake in Ryder System in the 1st quarter valued at about $116,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Ryder System by 8.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,953 shares of the transportation company’s stock valued at $141,000 after purchasing an additional 156 shares during the last quarter. JFS Wealth Advisors LLC lifted its stake in Ryder System by 1.1% in the 2nd quarter. JFS Wealth Advisors LLC now owns 2,160 shares of the transportation company’s stock valued at $156,000 after purchasing an additional 24 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. lifted its stake in Ryder System by 94.7% in the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 2,550 shares of the transportation company’s stock valued at $183,000 after purchasing an additional 1,240 shares during the last quarter. Institutional investors and hedge funds own 89.54% of the company’s stock.
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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