Ryder System, Inc. (NYSE:R) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

Several other research analysts also recently weighed in on R. Zacks Investment Research upgraded shares of Ryder System from a “sell” rating to a “hold” rating in a research report on Wednesday, April 12th. Seaport Global Securities initiated coverage on shares of Ryder System in a research report on Friday, April 21st. They issued a “neutral” rating on the stock. Stephens downgraded shares of Ryder System from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $81.00 to $71.00 in a research report on Wednesday, April 26th. Finally, ValuEngine upgraded shares of Ryder System from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Ryder System has a consensus rating of “Hold” and a consensus target price of $77.00.

Ryder System (NYSE R) opened at 72.61 on Wednesday. The company has a 50-day moving average of $71.44 and a 200-day moving average of $72.31. Ryder System has a 1-year low of $62.03 and a 1-year high of $85.42. The stock has a market capitalization of $3.85 billion, a price-to-earnings ratio of 17.48 and a beta of 1.39.

Ryder System (NYSE:R) last released its quarterly earnings results on Wednesday, July 26th. The transportation company reported $1.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.07. Ryder System had a net margin of 3.17% and a return on equity of 11.71%. The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same period last year, the firm earned $1.56 earnings per share. The company’s quarterly revenue was up 5.3% on a year-over-year basis. Analysts anticipate that Ryder System will post $4.44 earnings per share for the current fiscal year.

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In other news, CEO Robert E. Sanchez sold 26,275 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $72.43, for a total transaction of $1,903,098.25. Following the sale, the chief executive officer now directly owns 107,237 shares in the company, valued at approximately $7,767,175.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dennis C. Cooke sold 9,650 shares of the firm’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $72.75, for a total transaction of $702,037.50. Following the sale, the insider now owns 2,883 shares in the company, valued at $209,738.25. The disclosure for this sale can be found here. 1.95% of the stock is owned by company insiders.

Several hedge funds have recently made changes to their positions in R. Principal Financial Group Inc. increased its stake in shares of Ryder System by 173.4% in the second quarter. Principal Financial Group Inc. now owns 226,288 shares of the transportation company’s stock valued at $16,288,000 after buying an additional 143,515 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of Ryder System by 4.8% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 6,099 shares of the transportation company’s stock valued at $439,000 after buying an additional 282 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Ryder System by 8.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,953 shares of the transportation company’s stock valued at $141,000 after buying an additional 156 shares during the last quarter. Brookstone Capital Management purchased a new stake in shares of Ryder System during the second quarter valued at approximately $293,000. Finally, Pacer Advisors Inc. increased its stake in shares of Ryder System by 12.0% in the second quarter. Pacer Advisors Inc. now owns 7,282 shares of the transportation company’s stock valued at $524,000 after buying an additional 779 shares during the last quarter. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Ryder System Company Profile

Ryder System, Inc is engaged in offering transportation and supply chain management solutions. The Company operates through three segments: Fleet Management Solutions (FMS), which provides leasing, commercial rental, contract maintenance, and contract-related maintenance of trucks, tractors and trailers to customers principally in the United States, Canada and the United Kingdom; Dedicated Transportation Solutions (DTS), which provides vehicles and drivers as part of a dedicated transportation solution in the United States, and Supply Chain Solutions (SCS), which provides supply chain solutions, including distribution and transportation services in North America and Asia.

Analyst Recommendations for Ryder System (NYSE:R)

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