Ryder System (NYSE:R) Coverage Initiated at Barclays

Investment analysts at Barclays started coverage on shares of Ryder System (NYSE:R) in a note issued to investors on Monday,Briefing.com Automated Import reports. The firm set an “overweight” rating and a $190.00 price target on the transportation company’s stock. Barclays‘s price target would suggest a potential upside of 26.16% from the stock’s previous close.

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

Ryder System Stock Performance

Shares of NYSE R opened at $150.60 on Monday. Ryder System has a one year low of $116.58 and a one year high of $171.78. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.14. The business has a fifty day simple moving average of $144.53 and a 200 day simple moving average of $153.33. The firm has a market capitalization of $6.23 billion, a price-to-earnings ratio of 13.58 and a beta of 0.96.

Ryder System (NYSE:R) last released its quarterly earnings data 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 the consensus estimate of $3.17 billion. Ryder System had a net margin of 3.87% and a return on equity of 17.23%. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period last year, the firm earned $2.14 EPS. Sell-side analysts expect that Ryder System will post 13.68 EPS for the current year.

Insider Activity at Ryder System

In related news, Director E Follin Smith sold 1,243 shares of the company’s stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $144.38, for a total transaction of $179,464.34. Following the sale, the director now directly owns 39,802 shares in the company, valued at approximately $5,746,612.76. This represents a 3.03% decrease in their position. The sale was disclosed in a filing with the SEC, 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 shares were sold at an average price of $155.73, for a total value of $2,880,382.08. Following 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 disclosure for this sale can be found here. 5.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Strs Ohio purchased a new stake in Ryder System during the 1st quarter valued at $2,479,000. Geneos Wealth Management Inc. increased its position in shares of Ryder System by 61.2% during the first quarter. Geneos Wealth Management Inc. now owns 287 shares of the transportation company’s stock valued at $41,000 after acquiring an additional 109 shares in the last quarter. Focus Partners Wealth boosted its holdings in shares of Ryder System by 7.9% during the 1st quarter. Focus Partners Wealth now owns 1,851 shares of the transportation company’s stock valued at $266,000 after acquiring an additional 135 shares during the last quarter. United Services Automobile Association purchased a new stake in Ryder System during the first quarter valued at $396,000. Finally, Meiji Yasuda Asset Management Co Ltd. bought a new position in shares of Ryder System in the first quarter worth about $4,721,000. 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.