Ryder System, Inc.’s Stock Is Buy After Today’s Bullish Options Activity

 Ryder System, Inc.'s Stock Is Buy After Today's Bullish Options Activity

In today’s session Ryder System, Inc. (R) registered an unusually high (285) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious R increase. With 285 contracts traded and 7694 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: R161118C00067500 closed last at: $2.8 or 1.8% down. About 217,219 shares traded hands. Ryder System, Inc. (NYSE:R) has risen 10.35% since April 5, 2016 and is uptrending. It has outperformed by 8.40% the S&P500.

Ryder System, Inc. (NYSE:R) Ratings Coverage

Out of 7 analysts covering Ryder System Inc. (NYSE:R), 5 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. $115 is the highest target while $54 is the lowest. The $86.43 average target is 19.46% above today’s ($72.35) stock price. Ryder System Inc. has been the topic of 14 analyst reports since August 28, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Stifel Nicolaus on Tuesday, October 13. RBC Capital Markets maintained Ryder System, Inc. (NYSE:R) rating on Tuesday, October 13. RBC Capital Markets has “Top Pick” rating and $103 price target. KeyBanc Capital Markets downgraded Ryder System, Inc. (NYSE:R) on Wednesday, September 9 to “Sector Weight” rating. RBC Capital Markets downgraded the stock to “Sector Perform” rating in Thursday, January 7 report. RBC Capital Markets maintained it with “Top Pick” rating and $89 target price in Friday, October 23 report. The rating was maintained by RBC Capital Markets with “Sector Perform” on Wednesday, February 3. The company was maintained on Wednesday, October 14 by S&P Research. The stock of Ryder System, Inc. (NYSE:R) has “Outperform” rating given on Tuesday, October 13 by FBR Capital. Raymond James upgraded it to “Strong Buy” rating and $105 target price in Friday, August 28 report. The stock of Ryder System, Inc. (NYSE:R) earned “Buy” rating by CLSA on Friday, September 30.

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.”

Insitutional Activity: The institutional sentiment increased to 1.01 in Q2 2016. Its up 0.17, from 0.84 in 2016Q1. The ratio increased, as 33 funds sold all Ryder System, Inc. shares owned while 108 reduced positions. 50 funds bought stakes while 93 increased positions. They now own 48.50 million shares or 4.09% less from 50.56 million shares in 2016Q1.
Credit Agricole S A owns 120,400 shares or 0.03% of their US portfolio. American Grp Inc holds 0% or 19,783 shares in its portfolio. Voya Management holds 0% of its portfolio in Ryder System, Inc. (NYSE:R) for 31,170 shares. Aqr Cap Mngmt Ltd Llc last reported 417,965 shares in the company. Exxonmobil Incorporated Tx owns 13,901 shares or 0.02% of their US portfolio. Sg Americas Secs Ltd Liability holds 3,523 shares or 0% of its portfolio. Bb&T Securities Limited Liability Company last reported 0.01% of its portfolio in the stock. Teacher Retirement Systems Of Texas has invested 0% of its portfolio in Ryder System, Inc. (NYSE:R). Glenmede Trust Com Na last reported 100 shares in the company. Tiaa Cref Investment Management Lc owns 360,631 shares or 0.02% of their US portfolio. Goldman Sachs Grp owns 429,630 shares or 0.01% of their US portfolio. Pinnacle Assocs accumulated 0.01% or 6,725 shares. Seven Eight Limited Liability has 10,800 shares for 0.23% of their US portfolio. Moreover, State Board Of Administration Of Florida Retirement has 0.01% invested in Ryder System, Inc. (NYSE:R) for 57,399 shares. The Washington-based Washington Trust Commercial Bank has invested 0.01% in Ryder System, Inc. (NYSE:R).

Insider Transactions: Since May 11, 2016, the stock had 0 insider buys, and 2 sales for $2.62 million net activity. JONES KAREN M. also sold $69,022 worth of Ryder System, Inc. (NYSE:R) on Friday, October 28. SANCHEZ ROBERT E also sold $2.56 million worth of Ryder System, Inc. (NYSE:R) shares.

Ryder System, Inc. is engaged in offering transportation and supply chain management solutions. The company has a market cap of $4.01 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 13.28 P/E ratio. It provides purchase option for a selection of used trucks, tractors and trailers through its used vehicle sales program.

R Company Profile

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 news for Ryder System, Inc. (NYSE:R) were recently published by: Nasdaq.com, which released: “Earnings Reaction History: Ryder System, Inc., 57.1% Follow-Through Indicator …” on October 25, 2016. Nasdaq.com‘s article titled: “Why Ryder System is the ‘Top Dividend Stock of the Dow Transports’ With 2.5 …” and published on November 08, 2016 is yet another important article.

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