Ryder System, Inc. (NYSE:R) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of Ryder System, Inc. (NYSE:R - Get Free Report) have received a consensus rating of "Moderate Buy" from the seven analysts that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $147.43.

A number of brokerages have recently issued reports on R. StockNews.com downgraded Ryder System from a "buy" rating to a "hold" rating in a report on Tuesday, October 29th. The Goldman Sachs Group boosted their target price on shares of Ryder System from $160.00 to $183.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Ryder System from $148.00 to $144.00 and set a "neutral" rating on the stock in a research report on Friday, October 25th.

Insider Activity at Ryder System

In other Ryder System news, insider Thomas M. Havens sold 4,000 shares of Ryder System stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $157.44, for a total value of $629,760.00. Following the completion of the transaction, the insider now owns 20,504 shares of the company's stock, valued at approximately $3,228,149.76. The trade was a 16.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 5.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Ryder System

Institutional investors have recently added to or reduced their stakes in the stock. Keystone Financial Group Inc. purchased a new position in shares of Ryder System in the fourth quarter valued at approximately $26,000. Wolff Wiese Magana LLC acquired a new stake in Ryder System in the 3rd quarter valued at about $28,000. Wilmington Savings Fund Society FSB purchased a new position in Ryder System in the 3rd quarter worth approximately $34,000. UMB Bank n.a. boosted its holdings in shares of 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 purchasing an additional 80 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Ryder System in the fourth quarter valued at approximately $45,000. Institutional investors and hedge funds own 87.47% of the company's stock.

Ryder System Trading Down 0.0 %

Shares of NYSE R traded down $0.06 during mid-day trading on Tuesday, reaching $160.62. The company had a trading volume of 140,834 shares, compared to its average volume of 307,337. The stock has a market cap of $6.79 billion, a price-to-earnings ratio of 15.03 and a beta of 1.31. Ryder System has a 52 week low of $106.62 and a 52 week high of $171.78. The business's 50-day moving average is $161.98 and its 200-day moving average is $149.48. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.17.

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.