EMC Capital Management Grows Holdings in Ryder System, Inc. (NYSE:R)

EMC Capital Management lifted its position in Ryder System, Inc. (NYSE:R - Free Report) by 425.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,258 shares of the transportation company's stock after acquiring an additional 4,258 shares during the quarter. Ryder System makes up approximately 0.5% of EMC Capital Management's portfolio, making the stock its 13th largest position. EMC Capital Management's holdings in Ryder System were worth $825,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

R has been the topic of a number of research analyst reports. 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 research note on Friday, October 25th. The Goldman Sachs Group upped 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. Finally, StockNews.com lowered Ryder System from a "buy" rating to a "hold" rating in a report on Tuesday, October 29th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $147.43.

Insider Buying and Selling at Ryder System

In other Ryder System news, insider Thomas M. Havens sold 4,000 shares of the firm's stock in a transaction on 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 transaction, the insider now directly owns 20,504 shares of the company's stock, valued at $3,228,149.76. This trade represents a 16.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 5.10% of the company's stock.

Ryder System Stock Performance

Shares of NYSE:R traded down $3.23 during midday trading on Monday, reaching $156.19. 138,619 shares of the company traded hands, compared to its average volume of 333,735. The firm's fifty day moving average price is $161.93 and its two-hundred day moving average price is $150.27. The firm has a market capitalization of $6.61 billion, a price-to-earnings ratio of 14.61 and a beta of 1.31. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.17. Ryder System, Inc. has a 12 month low of $106.62 and a 12 month high of $171.78.

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.