GAMMA Investing LLC Boosts Stake in Ryder System, Inc. (NYSE:R)

GAMMA Investing LLC grew its position in shares of Ryder System, Inc. (NYSE:R) by 27.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 901 shares of the transportation company’s stock after acquiring an additional 193 shares during the quarter. GAMMA Investing LLC’s holdings in Ryder System were worth $141,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of R. Commonwealth Equity Services LLC boosted its position in Ryder System by 4.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 14,132 shares of the transportation company’s stock worth $1,751,000 after purchasing an additional 578 shares during the period. Arizona State Retirement System grew its stake in shares of Ryder System by 1.7% in the second quarter. Arizona State Retirement System now owns 12,393 shares of the transportation company’s stock valued at $1,535,000 after buying an additional 212 shares in the last quarter. Private Advisor Group LLC raised its holdings in shares of Ryder System by 1.9% during the 2nd quarter. Private Advisor Group LLC now owns 16,745 shares of the transportation company’s stock valued at $2,074,000 after buying an additional 315 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in Ryder System during the 2nd quarter worth approximately $51,000. Finally, Texas Permanent School Fund Corp boosted its holdings in Ryder System by 22.9% in the 2nd quarter. Texas Permanent School Fund Corp now owns 47,684 shares of the transportation company’s stock worth $5,907,000 after acquiring an additional 8,894 shares during the period. 87.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Insider Activity

In other Ryder System news, insider Thomas M. Havens sold 4,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $157.44, for a total value of $629,760.00. Following the transaction, the insider now owns 20,504 shares of the company’s stock, valued at approximately $3,228,149.76. The trade was a 16.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.10% of the stock is owned by corporate insiders.

Ryder System Stock Up 0.7 %

R stock opened at $158.42 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.17. The firm has a market cap of $6.70 billion, a PE ratio of 14.82 and a beta of 1.31. Ryder System, Inc. has a 1 year low of $106.62 and a 1 year high of $171.78. The company has a fifty day simple moving average of $161.32 and a 200 day simple moving average of $145.78.

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

About Ryder System

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.