Susquehanna Begins Coverage on Ryder System (NYSE:R)

Investment analysts at Susquehanna began coverage on shares of Ryder System (NYSE:R) in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. The firm set a “positive” rating and a $215.00 price target on the transportation company’s stock. Susquehanna’s target price would suggest a potential upside of 25.39% from the stock’s previous close.

Other analysts also recently issued reports about the stock. Wall Street Zen downgraded shares of Ryder System from a “buy” rating to a “hold” rating in a research report on Wednesday, March 26th. Stephens cut their price objective on shares of Ryder System from $168.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Friday, April 25th. Wolfe Research upgraded shares of Ryder System from a “peer perform” rating to an “outperform” rating and set a $159.00 price objective on the stock in a research report on Tuesday, July 1st. Baird R W upgraded shares of Ryder System to a “strong-buy” rating in a research report on Tuesday, July 1st. Finally, Barclays started coverage on shares of Ryder System in a research report on Monday, June 9th. They issued an “overweight” rating and a $190.00 price objective on the stock. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Ryder System has an average rating of “Moderate Buy” and an average target price of $179.43.

Ryder System Price Performance

Shares of R stock opened at $171.46 on Tuesday. The company has a market capitalization of $7.09 billion, a PE ratio of 14.95 and a beta of 0.97. The firm has a fifty day simple moving average of $157.16 and a 200-day simple moving average of $153.06. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.21. Ryder System has a twelve month low of $123.36 and a twelve month high of $177.40.

Ryder System (NYSE:R) last posted its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $2.46 EPS for the quarter, beating analysts’ consensus estimates of $2.40 by $0.06. Ryder System had a net margin of 3.96% and a return on equity of 17.64%. The firm had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same period in the prior year, the firm posted $2.14 EPS. The firm’s revenue was up 1.1% compared to the same quarter last year. Equities research analysts anticipate that Ryder System will post 13.68 earnings per share for the current fiscal year.

Insider Activity at Ryder System

In other news, Director E Follin Smith sold 1,243 shares of Ryder System stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $144.38, for a total value of $179,464.34. Following the transaction, the director directly owned 39,802 shares of the company’s stock, valued at $5,746,612.76. This trade represents a 3.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Robert E. Sanchez sold 18,496 shares of Ryder System stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $155.73, for a total transaction of $2,880,382.08. Following the completion of the transaction, the chief executive officer directly owned 40,824 shares in the company, valued at approximately $6,357,521.52. This trade represents a 31.18% 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 Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Ryder System in the first quarter worth approximately $26,000. TCTC Holdings LLC grew its position in Ryder System by 116.5% in the first quarter. TCTC Holdings LLC now owns 223 shares of the transportation company’s stock worth $32,000 after acquiring an additional 120 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Ryder System by 61.2% in the first quarter. Geneos Wealth Management Inc. now owns 287 shares of the transportation company’s stock worth $41,000 after buying an additional 109 shares during the last quarter. Curat Global LLC acquired a new stake in shares of Ryder System in the first quarter worth $55,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of Ryder System in the fourth quarter worth $59,000. 87.47% of the stock is owned by hedge funds and other institutional investors.

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.