Blue Trust Inc. Raises Position in Ryder System, Inc. (NYSE:R)

Blue Trust Inc. lifted its stake in shares of Ryder System, Inc. (NYSE:R) by 17.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,952 shares of the transportation company’s stock after buying an additional 877 shares during the quarter. Blue Trust Inc.’s holdings in Ryder System were worth $868,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Bank of Montreal Can raised its position in shares of Ryder System by 6.4% in the 2nd quarter. Bank of Montreal Can now owns 6,376 shares of the transportation company’s stock valued at $794,000 after purchasing an additional 381 shares in the last quarter. Marshall Wace LLP grew its holdings in Ryder System by 713.9% during the 2nd quarter. Marshall Wace LLP now owns 23,952 shares of the transportation company’s stock worth $2,967,000 after acquiring an additional 21,009 shares in the last quarter. Millennium Management LLC increased its position in shares of Ryder System by 1,915.0% in the 2nd quarter. Millennium Management LLC now owns 103,935 shares of the transportation company’s stock worth $12,875,000 after purchasing an additional 98,777 shares during the last quarter. Algert Global LLC raised its stake in shares of Ryder System by 33.4% in the 2nd quarter. Algert Global LLC now owns 17,797 shares of the transportation company’s stock valued at $2,205,000 after purchasing an additional 4,458 shares in the last quarter. Finally, Creative Planning grew its stake in Ryder System by 139.4% in the second quarter. Creative Planning now owns 23,912 shares of the transportation company’s stock worth $2,962,000 after purchasing an additional 13,923 shares in the last quarter. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Ryder System Stock Up 0.1 %

R opened at $160.95 on Thursday. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.74 and a quick ratio of 0.74. Ryder System, Inc. has a 12 month low of $106.62 and a 12 month high of $171.78. The stock’s 50 day moving average price is $162.03 and its 200 day moving average price is $149.78. The stock has a market cap of $6.81 billion, a P/E ratio of 15.06 and a beta of 1.31.

Insider Buying and Selling at Ryder System

In other Ryder System news, insider Thomas M. Havens sold 4,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $157.44, for a total value of $629,760.00. Following the completion of the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Ryder System Company 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.