Robert W. Baird Initiates Coverage on Ryder System (NYSE:R)

Robert W. Baird started coverage on shares of Ryder System (NYSE:R - Get Free Report) in a report issued on Tuesday. The brokerage set an "outperform" rating and a $186.00 price target on the transportation company's stock. Robert W. Baird's price target points to a potential upside of 17.10% from the stock's previous close.

Other equities research analysts have also issued research reports about the stock. Wolfe Research raised shares of Ryder System from a "peer perform" rating to an "outperform" rating and set a $159.00 target price on the stock in a research note on Tuesday. Stephens reduced their target price on Ryder System from $168.00 to $150.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. Wall Street Zen lowered Ryder System from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. JPMorgan Chase & Co. dropped their price target on Ryder System from $174.00 to $165.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Finally, Barclays assumed coverage on Ryder System in a research note on Monday, June 9th. They issued an "overweight" rating and a $190.00 price target on the stock. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $172.17.

Ryder System Trading Down 1.3%

NYSE R opened at $158.84 on Tuesday. The stock has a market cap of $6.57 billion, a P/E ratio of 13.85 and a beta of 0.97. Ryder System has a fifty-two week low of $117.17 and a fifty-two week high of $171.78. The stock has a 50 day simple moving average of $149.30 and a two-hundred day simple moving average of $151.84. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.73 and a current ratio of 0.73.

Ryder System (NYSE:R - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $2.46 EPS for the quarter, topping analysts' consensus estimates of $2.40 by $0.06. The company had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.17 billion. Ryder System had a return on equity of 17.64% and a net margin of 3.96%. The firm's revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.14 earnings per share. On average, analysts forecast that Ryder System will post 13.68 earnings per share for the current year.

Insider Buying and Selling at Ryder System

In other Ryder System news, Director E Follin Smith sold 1,243 shares of the firm's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $144.38, for a total transaction of $179,464.34. Following the completion of the sale, the director directly owned 39,802 shares in the company, valued at approximately $5,746,612.76. This trade represents a 3.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert E. Sanchez sold 18,496 shares of Ryder System stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $155.73, for a total transaction of $2,880,382.08. Following the completion of the transaction, the chief executive officer directly owned 40,824 shares of the company's stock, valued at $6,357,521.52. This trade represents a 31.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Ryder System

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wealthfront Advisers LLC purchased a new position in Ryder System in the 4th quarter worth about $314,075,000. Norges Bank bought a new position in Ryder System during the fourth quarter valued at approximately $97,844,000. Wellington Management Group LLP boosted its holdings in Ryder System by 16.2% in the first quarter. Wellington Management Group LLP now owns 2,984,836 shares of the transportation company's stock worth $429,249,000 after purchasing an additional 415,103 shares during the last quarter. Leigh Baldwin & CO. LLC bought a new stake in Ryder System in the 4th quarter worth approximately $40,475,000. Finally, GAMMA Investing LLC raised its stake in Ryder System by 20,298.3% during the 1st quarter. GAMMA Investing LLC now owns 183,789 shares of the transportation company's stock valued at $26,431,000 after buying an additional 182,888 shares during 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.

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