Ryder System, Inc. (NYSE:R) Given Consensus Rating of “Moderate Buy” by Brokerages

Ryder System, Inc. (NYSE:R) has been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $147.43.

R has been the subject of a number of recent research reports. StockNews.com downgraded Ryder System from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. JPMorgan Chase & Co. dropped their price target on Ryder System from $148.00 to $144.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Finally, The Goldman Sachs Group raised their price target on shares of Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a research report on Thursday, December 12th.

Ryder System Stock Performance

Shares of R opened at $156.08 on Tuesday. The stock has a market capitalization of $6.60 billion, a price-to-earnings ratio of 14.60 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 stock’s 50-day simple moving average is $161.66 and its 200 day simple moving average is $150.44. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.74 and a current ratio of 0.74.

Insider Activity at Ryder System

In other news, insider Thomas M. Havens sold 4,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $157.44, for a total transaction of $629,760.00. Following the transaction, the insider now directly owns 20,504 shares of the company’s stock, valued at approximately $3,228,149.76. This represents a 16.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Ryder System

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. lifted its holdings in Ryder System by 212.4% during the third quarter. Jacobs Levy Equity Management Inc. now owns 425,614 shares of the transportation company’s stock valued at $62,055,000 after purchasing an additional 289,388 shares in the last quarter. FMR LLC grew its position in Ryder System by 56.2% in the third quarter. FMR LLC now owns 781,519 shares of the transportation company’s stock worth $113,945,000 after acquiring an additional 281,052 shares during the period. Millennium Management LLC increased its position in shares of Ryder System by 1,915.0% during the 2nd quarter. Millennium Management LLC now owns 103,935 shares of the transportation company’s stock worth $12,875,000 after purchasing an additional 98,777 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Ryder System in the 4th quarter valued at approximately $12,242,000. Finally, Allianz Asset Management GmbH lifted its stake in Ryder System by 32.5% during the fourth quarter. Allianz Asset Management GmbH now owns 235,879 shares of the transportation company’s stock worth $37,000,000 after purchasing an additional 57,878 shares in the last quarter. Hedge funds and other institutional investors own 87.47% of the company’s stock.

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.