November 29, 2016 - By Louis Casey · 0 Comments
Ryder System Inc (NYSE:R) institutional sentiment decreased to 1 in Q2 2016. Its down -0.01, from 1.01 in 2016Q1. The ratio fall, as 143 active investment managers increased and started new equity positions, while 141 sold and reduced their holdings in Ryder System Inc. The active investment managers in our partner’s database reported: 48.50 million shares, down from 50.56 million shares in 2016Q1. Also, the number of active investment managers holding Ryder System Inc in their top 10 equity positions decreased from 6 to 1 for a decrease of 5. Sold All: 33 Reduced: 108 Increased: 93 New Position: 50.
Ryder System, Inc. is engaged in offering transportation and supply chain management solutions. The company has a market cap of $4.29 billion. The Firm operates through three divisions: Fleet Management Solutions , which provides full service leasing, commercial rental, contract maintenance and contract-related maintenance of trucks, tractors and trailers to clients 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. It has a 14.54 P/E ratio. It provides purchase option for a selection of used trucks, tractors and trailers through its used vehicle sales program.
The stock decreased 2.87% or $2.34 during the last trading session, hitting $79.22. Ryder System, Inc. (NYSE:R) has risen 14.07% since April 26, 2016 and is uptrending. It has outperformed by 8.81% the S&P500.
Analysts await Ryder System, Inc. (NYSE:R) to report earnings on February, 2 before the open. They expect $1.40 earnings per share, down 15.66% or $0.26 from last year’s $1.66 per share. R’s profit will be $75.81M for 14.15 P/E if the $1.40 EPS becomes a reality. After $1.67 actual earnings per share reported by Ryder System, Inc. for the previous quarter, Wall Street now forecasts -16.17% negative EPS growth.
According to Zacks Investment Research, “Ryder System, Inc. provides a continuum of leading-edge logistics, supply chain and transportation management solutions worldwide. Product offerings range from full-service leasing, commercial rental and programmed maintenance of vehicles to integrated services such as dedicated contract carriage and carrier management. Additionally, Ryder offers comprehensive supply chain solutions, lead logistics management services and e-Commerce solutions that support clients entire supply chains.”
Community Bank Of Raymore holds 3.1% of its portfolio in Ryder System, Inc. for 105,306 shares. Luminus Management Llc owns 1.67 million shares or 2.94% of their US portfolio. Moreover, Millrace Asset Group Inc. has 2.54% invested in the company for 25,522 shares. The Washington-based Palouse Capital Management Inc. has invested 2.17% in the stock. Deroy & Devereaux Private Investment Counsel Inc, a Michigan-based fund reported 191,772 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 4 selling transactions for $1.76 million net activity.
Ratings analysis reveals 57% of Ryder System Inc.’s analysts are positive. Out of 7 Wall Street analysts rating Ryder System Inc., 4 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $54 while the high is $115. The stock’s average target of $83.71 is 5.67% above today’s ($79.22) share price. R was included in 15 notes of analysts from August 28, 2015. The firm has “Buy” rating given on Friday, September 30 by CLSA. The stock of Ryder System, Inc. (NYSE:R) earned “Sector Perform” rating by RBC Capital Markets on Thursday, January 7. FBR Capital maintained the stock with “Outperform” rating in Tuesday, October 13 report. The firm earned “Top Pick” rating on Tuesday, October 13 by RBC Capital Markets. The firm has “Hold” rating given on Tuesday, November 15 by Stifel Nicolaus. The stock of Ryder System, Inc. (NYSE:R) has “Sector Perform” rating given on Wednesday, February 3 by RBC Capital Markets. RBC Capital Markets maintained Ryder System, Inc. (NYSE:R) rating on Friday, October 23. RBC Capital Markets has “Top Pick” rating and $89 price target. Stifel Nicolaus maintained Ryder System, Inc. (NYSE:R) on Tuesday, October 13 with “Buy” rating. On Friday, August 28 the stock rating was upgraded by Raymond James to “Strong Buy”. The stock of Ryder System, Inc. (NYSE:R) has “Sector Weight” rating given on Wednesday, September 9 by KeyBanc Capital Markets.
Ryder System, Inc., incorporated on March 22, 1955, is engaged in offering transportation and supply chain management solutions. The Firm operates through three divisions: Fleet Management Solutions (FMS), which provide full service leasing, commercial rental, contract maintenance and contract-related maintenance of trucks, tractors and trailers to clients in the United States, Canada and the United Kingdom; Dedicated Transportation Solutions (DTS), which provide vehicles and drivers as part of a dedicated transportation solution in the United States, and Supply Chain Solutions (SCS), which provide supply chain solutions, including distribution and transportation services in North America and Asia. Through its FMS business, the Company provides its clients with various fleet solutions. In addition, the Company provides its clients to purchase a selection of used trucks, tractors and trailers through its used vehicle sales program. The Company’s customer base includes enterprises operating in various industries, including automotive, industrial, food and beverage service, consumer packaged goods (CPG), transportation and warehousing, technology and healthcare, retail, consumer brands, housing, business and personal services, and paper and publishing.
More recent Ryder System, Inc. (NYSE:R) news were published by: Profitconfidential.com which released: “Ryder System, Inc.: Facts Don’t Lie, R Stock Is About to Fly” on November 09, 2016. Also Nasdaq.com published the news titled: “Ryder System, Inc. (R) Ex-Dividend Date Scheduled for November 17, 2016” on November 16, 2016. Seekingalpha.com‘s news article titled: “Ryder System: The Impact Of Trump Policy” with publication date: November 21, 2016 was also an interesting one.
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By Louis Casey