Ryder System (NYSE:R) Upgraded at StockNews.com

Ryder System (NYSE:R - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Monday.

Other equities research analysts have also recently issued reports about the company. Morgan Stanley assumed coverage on Ryder System in a research note on Monday, June 24th. They issued an "overweight" rating and a $165.00 target price on the stock. Robert W. Baird raised their target price on Ryder System from $140.00 to $155.00 and gave the company an "outperform" rating in a research note on Friday, July 26th. JPMorgan Chase & Co. cut their price objective on shares of Ryder System from $126.00 to $125.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 9th. Finally, Stephens started coverage on shares of Ryder System in a report on Monday, July 8th. They issued an "equal weight" rating for the company. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $137.86.

Ryder System Stock Performance

R traded down $2.23 during trading hours on Monday, hitting $146.85. 213,263 shares of the stock were exchanged, compared to its average volume of 259,798. The stock has a 50-day simple moving average of $142.17 and a 200-day simple moving average of $130.26. Ryder System has a 12 month low of $91.31 and a 12 month high of $154.76. The stock has a market cap of $6.44 billion, a price-to-earnings ratio of 19.12 and a beta of 1.28. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.74 and a quick ratio of 0.74.

Ryder System (NYSE:R - Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The transportation company reported $3.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.87 by $0.13. Ryder System had a return on equity of 17.22% and a net margin of 4.06%. The firm had revenue of $3.18 billion for the quarter, compared to analysts' expectations of $3.24 billion. During the same period last year, the business posted $3.61 earnings per share. The firm's revenue for the quarter was up 10.3% on a year-over-year basis. Analysts anticipate that Ryder System will post 12.2 earnings per share for the current year.

Insiders Place Their Bets

In other Ryder System news, EVP Francisco Jr. Lopez sold 12,730 shares of the business's stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $139.32, for a total value of $1,773,543.60. Following the sale, the executive vice president now directly owns 47,779 shares in the company, valued at approximately $6,656,570.28. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.10% of the stock is owned by company insiders.

Institutional Trading of Ryder System

Several institutional investors and hedge funds have recently bought and sold shares of the stock. UMB Bank n.a. raised its holdings in Ryder System by 43.2% during the 3rd quarter. UMB Bank n.a. now owns 265 shares of the transportation company's stock worth $39,000 after buying an additional 80 shares during the period. Truist Financial Corp increased its holdings in shares of Ryder System by 0.6% in the 2nd quarter. Truist Financial Corp now owns 14,303 shares of the transportation company's stock valued at $1,772,000 after purchasing an additional 90 shares during the period. Buckley Wealth Management LLC increased its holdings in shares of Ryder System by 1.1% in the 3rd quarter. Buckley Wealth Management LLC now owns 9,660 shares of the transportation company's stock valued at $1,408,000 after purchasing an additional 105 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Ryder System by 0.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 37,516 shares of the transportation company's stock valued at $4,510,000 after purchasing an additional 106 shares during the period. Finally, CWM LLC increased its holdings in shares of Ryder System by 17.9% in the 2nd quarter. CWM LLC now owns 758 shares of the transportation company's stock valued at $94,000 after purchasing an additional 115 shares during the period. 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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