The Vanguard Group, Inc. has recently announced that it has increased stake in Ryder System Inc. (NYSE:R) by 1.84%. After grabbing 5.6 million shares, the institutional investor is now in possession of 0.1 million shares of the Industrials Company. The new investment brought the stake of investor firm to 11.14% having worth around $450.5 million. Moreover, SSgA Funds Management, Inc. increased its share by 7748.0 to have a control over 1.66 million shares. And LSV Asset Management raised its holdings to 79100.0 shares by acquiring 1.3 million shares or 2.58% of the stake.
Ryder System Inc. (R) concluded trading on 11/23/22 at a closing price of $93.93, with 0.47 million shares of worth about $43.83 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 20.87% during that period and on Wednesday the price saw a gain of about 0.72%. Currently the company’s common shares owned by public are about 49.81M shares, out of which, 49.76M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 9 analysts are covering the R stock and their offered price forecasts bring an average price target of $88.71. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $100.00 and could fall to a lowest price of $76.00. The stock’s current price level is -5.88% below of average price target set by the analysts, while a dip to estimated low would result in loss of -23.59% for the stock. However, touching the estimated high of $100.00 would mean a gain of 6.07% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 110 times over the past 12 months. They bought 380,694 shares in 54 of the transactions. In 56 selling transactions, insiders dumped 232,851 shares.
iShares Core S&P Mid Cap ETF, Vanguard Total Stock Market Index, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in Ryder System Inc. iShares Core S&P Mid Cap ETF is currently holding 1.54 million shares of worth totaling $123.86 million. The company recently came buying 598.0 shares which brought its stake up to 3.06% of the company’s outstanding shares. Vanguard Total Stock Market Index bought 13013.0 shares, after which its hold over company’s outstanding shares expand to 2.90%, leaving 1.46 million shares with the mutual fund that have a worth of about $117.36 million. Vanguard Small Cap Index Fund, after buying 1.26 million shares, have now control over 2.50% of the stake in the company. It holds 20087.0 shares of worth $101.04 million.
Ryder System Inc. (NYSE: R) started trading at $92.81, below -$0.45 from concluding price of the previous day. However, the stock later moved at a day high price of 94.69, or with a gain of 0.72%. Stock saw a price change of 8.11% in past 5 days and over the past one month there was a price change of 25.86%. Year-to-date (YTD), R shares are showing a performance of 13.95% which increased to 7.87% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $61.71 but also hit the highest price of $93.60 during that period. The average intraday trading volume for Ryder System Inc. shares is 643.09K. The stock is currently trading 9.97% above its 20-day simple moving average (SMA20), while that difference is up 18.18% for SMA50 and it goes to 22.26% higher than SMA200.
The Vanguard Group, Inc. acquired 5.6 million shares of Ryder System Inc. having value of about $450.5 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.1 million shares in the company valued at close to $9506467.44, or have control over 1.84% stake in the company. Ryder System Inc. (NYSE: R) currently have 49.81M outstanding shares and institutions hold larger chunk of about 88.10% of that. Holding of mutual funds in the company is about 41.71% while other institutional holders and individual stake holders have control over 44.35% and 3.54% of the stake respectively.
The stock has a current market capitalization of $4.66B and its 3Y-monthly beta is at 1.57. PE ratio of stock for trailing 12 months is 5.78, while it has posted earnings per share of $16.25 in the same period. It has Quick Ratio of 0.70 while making debt-to-equity ratio of 2.10. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for R, volatility over the week remained 3.03% while standing at 3.54% over the month.
Analysts are in expectations that Ryder System Inc. (R) stock would likely to be making an EPS of $3.38 in the current quarter, while forecast for next quarter EPS is $2.89 and it is $11 for next year. For the current quarter EPS, analysts have given the company a lowest target $3.12 which is $3.88 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $3.52 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 661.70% while it is estimated to decrease by -31.87% in next year.
On January 05, 2022, Robert W. Baird Downgrade their recommendations, while on June 22, 2021, Stifel Resumed their ratings for the stock with a price target of $85. Stock get a Buy rating from Vertical Research on March 26, 2021.