Courier Capital LLC Cuts Position in Ryder System, Inc. (NYSE:R)

Courier Capital LLC trimmed its holdings in shares of Ryder System, Inc. (NYSE:R - Free Report) by 24.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,864 shares of the transportation company's stock after selling 4,713 shares during the period. Courier Capital LLC's holdings in Ryder System were worth $2,332,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. Kovitz Investment Group Partners LLC increased its position in Ryder System by 376.5% during the third quarter. Kovitz Investment Group Partners LLC now owns 9,764 shares of the transportation company's stock worth $1,405,000 after buying an additional 7,715 shares during the period. Franklin Resources Inc. grew its position 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 purchasing an additional 17,074 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in Ryder System by 83.0% in the third quarter. Janney Montgomery Scott LLC now owns 9,260 shares of the transportation company's stock valued at $1,350,000 after purchasing an additional 4,200 shares during the period. Algert Global LLC boosted its stake in shares of Ryder System by 43.5% during the third quarter. Algert Global LLC now owns 25,547 shares of the transportation company's stock worth $3,725,000 after buying an additional 7,750 shares during the period. Finally, Barclays PLC grew its holdings in shares of Ryder System by 13.1% during the third quarter. Barclays PLC now owns 28,780 shares of the transportation company's stock worth $4,196,000 after buying an additional 3,344 shares during the last quarter. 87.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Thomas M. Havens sold 4,000 shares of the firm'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 completion of the sale, the insider now owns 20,504 shares of the company's stock, valued at $3,228,149.76. This trade represents a 16.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 5.10% of the company's stock.

Analysts Set New Price Targets

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

Ryder System Stock Performance

Shares of R traded up $1.41 during midday trading on Monday, hitting $156.02. 181,317 shares of the stock traded hands, compared to its average volume of 235,345. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.74 and a current ratio of 0.74. Ryder System, Inc. has a 1-year low of $106.62 and a 1-year high of $171.78. The business's 50 day moving average price is $161.46 and its two-hundred day moving average price is $146.30. The firm has a market capitalization of $6.60 billion, a PE ratio of 14.59 and a beta of 1.31.

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 the consensus estimate 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 net margin of 3.83% and a return on equity of 16.78%. The company's quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.58 earnings per share. Equities research analysts predict that Ryder System, Inc. will post 12.01 EPS for the current fiscal year.

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.

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