78,045 Shares in Ryder System, Inc. (NYSE:R) Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. bought a new stake in shares of Ryder System, Inc. (NYSE:R - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 78,045 shares of the transportation company's stock, valued at approximately $12,242,000. Assenagon Asset Management S.A. owned about 0.18% of Ryder System at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Ryder System by 15.3% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 21,751 shares of the transportation company's stock worth $2,695,000 after purchasing an additional 2,881 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its position in Ryder System by 17.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 6,454 shares of the transportation company's stock valued at $799,000 after acquiring an additional 941 shares during the last quarter. Seven Eight Capital LP purchased a new position in shares of Ryder System during the second quarter worth approximately $701,000. XTX Topco Ltd bought a new stake in shares of Ryder System in the 2nd quarter worth approximately $968,000. Finally, Intech Investment Management LLC purchased a new stake in shares of Ryder System in the 2nd quarter valued at $1,798,000. Hedge funds and other institutional investors own 87.47% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Ryder System

In related news, insider Thomas M. Havens sold 4,000 shares of Ryder System 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 in the company, valued at approximately $3,228,149.76. This trade represents a 16.32 % decrease in their ownership of the stock. 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 currently owned by company insiders.

Ryder System Trading Down 0.0 %

Shares of NYSE:R traded down $0.07 during trading on Friday, hitting $165.49. The company had a trading volume of 980,377 shares, compared to its average volume of 254,485. The stock has a market cap of $7.00 billion, a price-to-earnings ratio of 15.48 and a beta of 1.31. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.74 and a quick ratio of 0.74. The company has a fifty day simple moving average of $162.02 and a two-hundred day simple moving average of $147.49. Ryder System, Inc. has a one year low of $106.62 and a one year high of $171.78.

Ryder System (NYSE:R - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $3.17 billion for 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 firm's revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the prior year, the company posted $3.58 EPS. As a group, equities analysts forecast that Ryder System, Inc. will post 12 earnings per share for the current year.

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.