Crossmark Global Holdings Inc. Sells 2,041 Shares of Ryder System, Inc. (NYSE:R)

Crossmark Global Holdings Inc. decreased its holdings in shares of Ryder System, Inc. (NYSE:R - Free Report) by 7.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,982 shares of the transportation company's stock after selling 2,041 shares during the period. Crossmark Global Holdings Inc. owned 0.06% of Ryder System worth $3,919,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. Wolff Wiese Magana LLC acquired a new position in shares of Ryder System during the third quarter worth approximately $28,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Ryder System in the 3rd quarter worth about $34,000. UMB Bank n.a. boosted its stake in Ryder System by 43.2% during the 3rd quarter. UMB Bank n.a. now owns 265 shares of the transportation company's stock valued at $39,000 after purchasing an additional 80 shares during the last quarter. Decker Retirement Planning Inc. purchased a new stake in shares of Ryder System in the fourth quarter worth approximately $96,000. Finally, GAMMA Investing LLC grew its holdings in Ryder System by 20.2% during the third quarter. GAMMA Investing LLC now owns 708 shares of the transportation company's stock worth $103,000 after buying an additional 119 shares in the last quarter. 87.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

R has been the subject of several analyst reports. StockNews.com lowered shares of Ryder System from a "buy" rating to a "hold" rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. lowered their target price on Ryder System from $148.00 to $144.00 and set a "neutral" rating on the stock in a research note on Friday, October 25th. Finally, The Goldman Sachs Group increased 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. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $147.43.

Ryder System Price Performance

Shares of R stock traded up $0.30 on Thursday, reaching $165.44. The company's stock had a trading volume of 242,531 shares, compared to its average volume of 312,167. Ryder System, Inc. has a 12-month low of $106.62 and a 12-month high of $171.78. The stock's 50 day simple moving average is $161.96 and its 200-day simple moving average is $148.50. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.17. The company has a market capitalization of $7.00 billion, a P/E ratio of 15.48 and a beta of 1.31.

Ryder System (NYSE:R - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The transportation company reported $3.44 earnings per share for the quarter, beating the consensus estimate of $3.39 by $0.05. The firm had revenue of $3.17 billion for the quarter, compared to analysts' expectations of $3.29 billion. Ryder System had a return on equity of 16.78% and a net margin of 3.83%. The company's revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the firm posted $3.58 EPS. As a group, equities analysts predict that Ryder System, Inc. will post 12 earnings per share for the current fiscal year.

Insider Activity at Ryder System

In other Ryder System news, insider Thomas M. Havens sold 4,000 shares of Ryder System stock in a transaction dated 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 sale, the insider now owns 20,504 shares of the company's stock, valued at $3,228,149.76. The trade was a 16.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.10% of the stock is currently owned by insiders.

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.