Ryder System, Inc. (NYSE:R) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Monday.

Several other research analysts have also weighed in on R. BidaskClub upgraded shares of Ryder System from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. KeyCorp raised shares of Ryder System from a “sector weight” rating to an “overweight” rating in a report on Wednesday, September 13th. Stifel Nicolaus reiterated a “hold” rating and issued a $68.00 target price on shares of Ryder System in a research note on Tuesday, September 5th. Zacks Investment Research upgraded shares of Ryder System from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a research note on Friday, July 7th. Finally, Buckingham Research started coverage on Ryder System in a report on Monday, August 21st. They set a “buy” rating and a $85.00 price target for the company. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Ryder System currently has an average rating of “Buy” and an average price target of $79.50.

Shares of Ryder System (R) traded up 0.40% on Monday, hitting $84.89. 602,247 shares of the stock traded hands. Ryder System has a 52 week low of $62.03 and a 52 week high of $85.50. The firm has a market capitalization of $4.50 billion, a PE ratio of 20.44 and a beta of 1.40. The firm’s 50 day moving average is $78.25 and its 200 day moving average is $72.68.

Ryder System (NYSE:R) last released its earnings results on Wednesday, July 26th. The transportation company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.07. The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.76 billion. Ryder System had a return on equity of 11.71% and a net margin of 3.17%. During the same quarter in the previous year, the business earned $1.56 earnings per share. Ryder System’s quarterly revenue was up 5.3% on a year-over-year basis. On average, analysts expect that Ryder System will post $4.45 EPS for the current fiscal year.

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In other Ryder System news, insider Dennis C. Cooke sold 9,650 shares of the company’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $72.75, for a total value of $702,037.50. Following the transaction, the insider now directly owns 2,883 shares of the company’s stock, valued at approximately $209,738.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John S. Sensing sold 4,502 shares of the company’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $73.01, for a total value of $328,691.02. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,427 shares of company stock worth $2,933,827. 1.95% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of R. JFS Wealth Advisors LLC increased its holdings in shares of Ryder System by 1.1% during the second quarter. JFS Wealth Advisors LLC now owns 2,160 shares of the transportation company’s stock worth $156,000 after purchasing an additional 24 shares during the period. Teacher Retirement System of Texas boosted its stake in shares of Ryder System by 1.7% in the second quarter. Teacher Retirement System of Texas now owns 4,270 shares of the transportation company’s stock valued at $307,000 after buying an additional 71 shares during the period. Mason Street Advisors LLC boosted its stake in shares of Ryder System by 1.0% in the first quarter. Mason Street Advisors LLC now owns 7,389 shares of the transportation company’s stock valued at $557,000 after buying an additional 75 shares during the period. Thrivent Financial For Lutherans boosted its stake in shares of Ryder System by 0.7% in the first quarter. Thrivent Financial For Lutherans now owns 18,750 shares of the transportation company’s stock valued at $1,415,000 after buying an additional 130 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted 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 period. Hedge funds and other institutional investors own 89.54% of the company’s stock.

About Ryder System

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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