Ryder System, Inc. (NYSE:R) Short Interest Update

Ryder System, Inc. (NYSE:R) was the target of a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 699,783 shares, a decline of 22.0% from the December 31st total of 896,696 shares. Currently, 1.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 336,513 shares, the short-interest ratio is presently 2.1 days. Based on an average daily trading volume, of 336,513 shares, the short-interest ratio is presently 2.1 days. Currently, 1.8% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in R. Hantz Financial Services Inc. increased its position in Ryder System by 770.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 174 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 154 shares during the period. Root Financial Partners LLC acquired a new stake in Ryder System in the third quarter worth about $28,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Ryder System by 237.0% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 182 shares of the transportation company’s stock worth $29,000 after purchasing an additional 128 shares during the last quarter. MAI Capital Management grew its holdings in shares of Ryder System by 57.6% during the second quarter. MAI Capital Management now owns 186 shares of the transportation company’s stock valued at $30,000 after buying an additional 68 shares during the last quarter. Finally, Assetmark Inc. grew its stake in Ryder System by 421.9% during the 3rd quarter. Assetmark Inc. now owns 167 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 135 shares during the last quarter. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Wall Street Analysts Forecast Growth

R has been the subject of a number of analyst reports. Citigroup boosted their price target on Ryder System from $196.00 to $218.00 and gave the company a “buy” rating in a research note on Friday, December 19th. Weiss Ratings reissued a “buy (b)” rating on shares of Ryder System in a research note on Thursday, January 22nd. Morgan Stanley boosted their price target on Ryder System from $190.00 to $250.00 and gave the stock an “overweight” rating in a report on Monday, December 8th. JPMorgan Chase & Co. upped their price objective on Ryder System from $194.00 to $197.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Finally, Wells Fargo & Company assumed coverage on shares of Ryder System in a report on Friday, December 5th. They set an “overweight” rating and a $210.00 target price on the stock. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $205.67.

Ryder System Trading Down 0.7%

R stock traded down $1.33 during mid-day trading on Friday, reaching $191.09. 357,488 shares of the stock traded hands, compared to its average volume of 290,697. The business has a 50-day moving average price of $188.55 and a two-hundred day moving average price of $182.42. The stock has a market capitalization of $7.72 billion, a PE ratio of 16.14 and a beta of 0.96. The company has a debt-to-equity ratio of 2.35, a quick ratio of 1.02 and a current ratio of 1.02. Ryder System has a one year low of $125.54 and a one year high of $200.53.

About Ryder System

Ryder System, Inc is a leading provider of transportation and supply chain management solutions, serving commercial customers across a range of industries. The company’s Fleet Management Solutions segment offers full-service leasing and rental of medium- and heavy-duty trucks, tractors and trailers, along with maintenance and repair services at its network of service locations. Its Supply Chain Solutions segment provides integrated, technology-driven offerings that span managed transportation, dedicated contract carriage, warehousing and distribution, and e-commerce fulfillment.

Founded in 1933 and headquartered in Miami, Florida, Ryder has grown from a regional truck leasing operation into a diversified, global logistics provider.