Range Financial Group LLC Makes New $375,000 Investment in Ryder System, Inc. (NYSE:R)

Range Financial Group LLC purchased a new position in shares of Ryder System, Inc. (NYSE:R) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 2,393 shares of the transportation company’s stock, valued at approximately $375,000.

A number of other institutional investors and hedge funds have also modified their holdings of R. Nordea Investment Management AB increased its holdings in Ryder System by 2.7% in the fourth quarter. Nordea Investment Management AB now owns 74,094 shares of the transportation company’s stock valued at $11,671,000 after purchasing an additional 1,964 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Ryder System by 27.3% during the 4th quarter. GAMMA Investing LLC now owns 901 shares of the transportation company’s stock worth $141,000 after buying an additional 193 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Ryder System by 7.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 145,353 shares of the transportation company’s stock valued at $21,192,000 after acquiring an additional 10,446 shares during the last quarter. DGS Capital Management LLC bought a new position in Ryder System during the 3rd quarter worth approximately $208,000. Finally, Franklin Resources Inc. boosted its stake in Ryder System by 14.3% during the 3rd quarter. Franklin Resources Inc. now owns 136,781 shares of the transportation company’s stock worth $20,724,000 after acquiring an additional 17,074 shares during the last quarter. 87.47% of the stock is owned by institutional investors.

Insider Transactions at Ryder System

In related news, insider Thomas M. Havens sold 4,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $157.44, for a total transaction of $629,760.00. Following the completion of the transaction, the insider now directly owns 20,504 shares of the company’s stock, valued at approximately $3,228,149.76. This represents a 16.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.10% of the stock is currently owned by insiders.

Ryder System Price Performance

R stock opened at $157.46 on Wednesday. The stock has a 50-day moving average price of $160.88 and a two-hundred day moving average price of $145.60. Ryder System, Inc. has a 1 year low of $106.62 and a 1 year high of $171.78. The stock has a market cap of $6.66 billion, a PE ratio of 14.73 and a beta of 1.31. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.17.

Ryder System (NYSE:R) last posted its quarterly earnings data on Thursday, October 24th. The transportation company reported $3.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.39 by $0.05. The business had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.29 billion. Ryder System had a return on equity of 16.78% and a net margin of 3.83%. Ryder System’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period last year, the company earned $3.58 earnings per share. Equities analysts forecast that Ryder System, Inc. will post 12.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. StockNews.com lowered shares of Ryder System from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. The Goldman Sachs Group raised their price objective on Ryder System from $160.00 to $183.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Finally, JPMorgan Chase & Co. lowered their price target on Ryder System from $148.00 to $144.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.43.

Ryder System Profile

Ryder System, Inc operates as a logistics and transportation company worldwide. It operates through three segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Transportation Solutions (DTS). The FMS segment offers full-service leasing and leasing with flexible maintenance options; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers; access to diesel fuel; and fuel planning and tax reporting, cards, and monitoring services, and centralized billing, as well as sells used vehicles through its retail sales centers and www.ryder.com/used-trucks website, as well as digital and technology support services.