Great Diamond Partners LLC acquired a new stake in Ryder System, Inc. (NYSE:R - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 3,722 shares of the transportation company's stock, valued at approximately $584,000.
Other large investors have also made changes to their positions in the company. UMB Bank n.a. increased its holdings in Ryder System by 43.2% during the 3rd quarter. UMB Bank n.a. now owns 265 shares of the transportation company's stock worth $39,000 after purchasing an additional 80 shares in the last quarter. Truist Financial Corp increased its holdings in Ryder System by 0.6% during the 2nd quarter. Truist Financial Corp now owns 14,303 shares of the transportation company's stock worth $1,772,000 after purchasing an additional 90 shares in the last quarter. MML Investors Services LLC increased its holdings in Ryder System by 4.7% during the 3rd quarter. MML Investors Services LLC now owns 2,078 shares of the transportation company's stock worth $303,000 after purchasing an additional 94 shares in the last quarter. Buckley Wealth Management LLC increased its holdings in Ryder System by 1.1% during the 3rd quarter. Buckley Wealth Management LLC now owns 9,660 shares of the transportation company's stock worth $1,408,000 after purchasing an additional 105 shares in the last quarter. Finally, DGS Capital Management LLC increased its holdings in Ryder System by 7.9% during the 4th quarter. DGS Capital Management LLC now owns 1,538 shares of the transportation company's stock worth $241,000 after purchasing an additional 113 shares in the last quarter. Institutional investors own 87.47% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on R shares. StockNews.com downgraded shares of Ryder System from a "buy" rating to a "hold" rating in a research note on Tuesday, October 29th. The Goldman Sachs Group raised their price objective on shares of Ryder System from $160.00 to $183.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Ryder System from $148.00 to $144.00 and set a "neutral" rating for the company in a research 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 stock. According to data from MarketBeat.com, Ryder System currently has an average rating of "Moderate Buy" and a consensus target price of $147.43.
Get Our Latest Stock Analysis on Ryder System
Insider Activity at Ryder System
In other Ryder System news, insider Thomas M. Havens sold 4,000 shares of the business's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $157.44, for a total transaction of $629,760.00. Following the sale, the insider now owns 20,504 shares of the company's stock, valued at approximately $3,228,149.76. The trade was a 16.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.10% of the stock is currently owned by insiders.
Ryder System Price Performance
NYSE:R traded up $1.79 during mid-day trading on Tuesday, reaching $157.97. The stock had a trading volume of 88,573 shares, compared to its average volume of 327,344. The stock has a 50-day simple moving average of $161.66 and a two-hundred day simple moving average of $150.44. The stock has a market capitalization of $6.68 billion, a PE ratio of 14.78 and a beta of 1.30. 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.
Ryder System Profile
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Free Report)
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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