Ryder System (NYSE:R) Coverage Initiated at Barclays

Stock analysts at Barclays started coverage on shares of Ryder System (NYSE:R - Get Free Report) in a research report issued on Monday,Briefing.com Automated Import reports. The brokerage set an "overweight" rating and a $190.00 price target on the transportation company's stock. Barclays's target price would indicate a potential upside of 26.16% from the company's previous close.

Several other brokerages also recently weighed in on R. JPMorgan Chase & Co. lowered their target price on shares of Ryder System from $174.00 to $165.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Wall Street Zen cut Ryder System from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. Finally, Stephens dropped their target price on shares of Ryder System from $168.00 to $150.00 and set an "equal weight" rating for the company in a report on Friday, April 25th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Ryder System currently has a consensus rating of "Moderate Buy" and a consensus target price of $164.71.

Ryder System Stock Performance

NYSE:R opened at $150.60 on Monday. The business's fifty day moving average price is $144.53 and its 200 day moving average price is $153.33. The firm has a market capitalization of $6.23 billion, a PE ratio of 13.58 and a beta of 0.96. Ryder System has a 12 month low of $116.58 and a 12 month high of $171.78. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.75.

Ryder System (NYSE:R - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $2.46 earnings per share for the quarter, beating analysts' consensus estimates of $2.40 by $0.06. Ryder System had a return on equity of 17.23% and a net margin of 3.87%. The company had revenue of $3.13 billion during the quarter, compared to analysts' expectations of $3.17 billion. During the same quarter in the previous year, the business earned $2.14 earnings per share. The firm's revenue for the quarter was up 1.1% on a year-over-year basis. On average, sell-side analysts anticipate that Ryder System will post 13.68 earnings per share for the current fiscal year.

Insider Activity at Ryder System

In other Ryder System news, CEO Robert E. Sanchez sold 18,496 shares of the business's stock in a transaction dated Tuesday, May 20th. The shares were 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 now directly owns 40,824 shares of the company's stock, valued at $6,357,521.52. The trade was a 31.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director E Follin Smith sold 1,243 shares of the business's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $144.38, for a total value of $179,464.34. Following the transaction, the director now owns 39,802 shares of the company's stock, valued at $5,746,612.76. This trade represents a 3.03% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company's stock.

Institutional Trading of Ryder System

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

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