Wolfe Research Upgrades Ryder System (NYSE:R) to Outperform

Ryder System (NYSE:R - Get Free Report) was upgraded by equities researchers at Wolfe Research from a "peer perform" rating to an "outperform" rating in a note issued to investors on Tuesday, MarketBeat Ratings reports. The firm currently has a $159.00 price objective on the transportation company's stock. Wolfe Research's target price indicates a potential downside of 5.75% from the company's current price.

A number of other analysts have also weighed in on the company. JPMorgan Chase & Co. lowered their target price on Ryder System from $174.00 to $165.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Wall Street Zen downgraded Ryder System from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. Stephens reduced 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. Finally, Barclays began coverage on shares of Ryder System in a report on Monday, June 9th. They issued an "overweight" rating and a $190.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $172.17.

Ryder System Trading Up 6.1%

R traded up $9.70 on Tuesday, reaching $168.70. 443,570 shares of the company traded hands, compared to its average volume of 324,267. The company has a market cap of $6.97 billion, a P/E ratio of 14.71 and a beta of 0.97. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.21. Ryder System has a one year low of $117.17 and a one year high of $171.78. The firm has a fifty day simple moving average of $149.30 and a two-hundred day simple moving average of $151.84.

Ryder System (NYSE:R - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $2.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.06. The company had revenue of $3.13 billion for the quarter, compared to analysts' expectations of $3.17 billion. Ryder System had a return on equity of 17.64% and a net margin of 3.96%. Ryder System's revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.14 earnings per share. As a group, equities research analysts expect that Ryder System will post 13.68 earnings per share for the current year.

Insider Activity at Ryder System

In related news, CEO Robert E. Sanchez sold 18,496 shares of the firm's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $155.73, for a total value of $2,880,382.08. Following the completion of the transaction, the chief executive officer owned 40,824 shares in the company, valued at $6,357,521.52. This trade represents a 31.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director E Follin Smith sold 1,243 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $144.38, for a total value of $179,464.34. Following the completion of the transaction, the director directly owned 39,802 shares in the company, valued at $5,746,612.76. This represents a 3.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.20% of the company's stock.

Institutional Investors Weigh In On Ryder System

A number of large investors have recently bought and sold shares of the company. Wellington Management Group LLP raised its position in Ryder System by 16.2% during the first quarter. Wellington Management Group LLP now owns 2,984,836 shares of the transportation company's stock valued at $429,249,000 after acquiring an additional 415,103 shares in the last quarter. Wealthfront Advisers LLC purchased a new position in shares of Ryder System during the 4th quarter valued at approximately $314,075,000. Earnest Partners LLC lifted its stake in shares of Ryder System by 2.4% in the 4th quarter. Earnest Partners LLC now owns 1,905,223 shares of the transportation company's stock valued at $298,853,000 after purchasing an additional 45,393 shares during the period. LSV Asset Management boosted its holdings in Ryder System by 0.3% during the first quarter. LSV Asset Management now owns 1,456,453 shares of the transportation company's stock worth $209,453,000 after buying an additional 4,912 shares in the last quarter. Finally, Orbis Allan Gray Ltd grew its position in Ryder System by 0.9% during the first quarter. Orbis Allan Gray Ltd now owns 870,959 shares of the transportation company's stock valued at $125,253,000 after buying an additional 7,429 shares during the period. Hedge funds and other institutional investors 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.