Stock Traders Buy Large Volume of Ryder System Call Options (NYSE:R)

Ryder System, Inc. (NYSE:R) was the target of some unusual options trading on Monday. Investors bought 2,264 call options on the company. This is an increase of approximately 1,921% compared to the average daily volume of 112 call options.

Several equities research analysts recently commented on the company. Stifel Nicolaus cut Ryder System from a “buy” rating to a “hold” rating and cut their price target for the company from $65.00 to $51.00 in a report on Thursday, October 31st. Cfra cut Ryder System from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. Loop Capital raised Ryder System from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a report on Monday. SunTrust Banks cut their price target on Ryder System from $65.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. They noted that the move was a valuation call. Finally, ValuEngine raised Ryder System from a “hold” rating to a “buy” rating in a report on Friday. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $64.00.

Ryder System stock traded up $1.10 during mid-day trading on Tuesday, hitting $55.03. The company’s stock had a trading volume of 251,728 shares, compared to its average volume of 583,566. The firm has a market capitalization of $2.83 billion, a PE ratio of 9.50 and a beta of 1.85. Ryder System has a 1 year low of $44.90 and a 1 year high of $67.65. The company has a current ratio of 0.62, a quick ratio of 0.59 and a debt-to-equity ratio of 2.75. The stock’s fifty day moving average is $53.20 and its two-hundred day moving average is $52.39.

Ryder System (NYSE:R) last issued its quarterly earnings data on Tuesday, October 29th. The transportation company reported ($1.49) earnings per share for the quarter, missing the consensus estimate of $1.49 by ($2.98). The business had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.22 billion. Ryder System had a return on equity of 11.65% and a net margin of 1.55%. The company’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.64 earnings per share. On average, equities analysts expect that Ryder System will post 5.01 EPS for the current fiscal year.

Ryder System declared that its Board of Directors has authorized a stock repurchase program on Wednesday, December 11th that allows the company to repurchase 1,500,000 shares. This repurchase authorization allows the transportation company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.

In other news, Director E Follin Smith bought 1,831 shares of Ryder System stock in a transaction on Thursday, November 7th. The stock was acquired at an average price of $54.63 per share, with a total value of $100,027.53. Following the completion of the acquisition, the director now directly owns 31,586 shares of the company’s stock, valued at $1,725,543.18. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.80% of the stock is owned by corporate insiders.

A number of institutional investors have recently modified their holdings of R. FMR LLC increased its holdings in shares of Ryder System by 574.2% during the 1st quarter. FMR LLC now owns 583,279 shares of the transportation company’s stock worth $36,157,000 after buying an additional 496,769 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Ryder System by 4.4% during the second quarter. Charles Schwab Investment Management Inc. now owns 391,399 shares of the transportation company’s stock worth $22,819,000 after buying an additional 16,576 shares in the last quarter. LPL Financial LLC grew its stake in Ryder System by 24.6% during the second quarter. LPL Financial LLC now owns 13,103 shares of the transportation company’s stock worth $764,000 after buying an additional 2,587 shares in the last quarter. Renaissance Technologies LLC grew its stake in Ryder System by 164.9% during the second quarter. Renaissance Technologies LLC now owns 60,400 shares of the transportation company’s stock worth $3,521,000 after buying an additional 37,600 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its stake in shares of Ryder System by 1.8% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 326,863 shares of the transportation company’s stock valued at $19,056,000 after purchasing an additional 5,822 shares in the last quarter. Institutional investors own 88.92% of the company’s stock.

Ryder System Company Profile

Ryder System, Inc provides transportation and supply chain management solutions worldwide. The company operates through three segments: Fleet Management Solutions (FMS), Dedicated Transportation Solutions (DTS), and Supply Chain Solutions (SCS). The FMS segment offers full service leasing and leasing with flexible maintenance options, as well as maintenance services, supplies, and related equipment for operation of the vehicles; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers, as well as fleet support services.

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