Wedge Capital Management L L P NC Lowers Stock Position in Ryder System, Inc. (NYSE:R)

Wedge Capital Management L L P NC lessened its holdings in shares of Ryder System, Inc. (NYSE:R - Free Report) by 17.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 72,381 shares of the transportation company's stock after selling 15,357 shares during the period. Wedge Capital Management L L P NC owned 0.17% of Ryder System worth $11,354,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Wolff Wiese Magana LLC bought a new stake in Ryder System in the 3rd quarter valued at $28,000. Altshuler Shaham Ltd acquired a new position in shares of Ryder System in the 2nd quarter valued at $29,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Ryder System during the third quarter worth $34,000. UMB Bank n.a. raised its holdings in shares of Ryder System by 43.2% in the third 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. Finally, Decker Retirement Planning Inc. bought a new stake in shares of Ryder System during the 4th quarter worth approximately $96,000. 87.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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

Ryder System Stock Down 0.0 %

R traded down $0.07 during midday trading on Friday, reaching $165.49. The company's stock had a trading volume of 980,377 shares, compared to its average volume of 254,485. Ryder System, Inc. has a 1 year low of $106.62 and a 1 year high of $171.78. The stock's 50-day moving average is $162.02 and its 200-day moving average is $147.66. The firm has a market capitalization of $7.00 billion, a price-to-earnings ratio of 15.48 and a beta of 1.31. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.17.

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

Analysts Set New Price Targets

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

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.