Ryder System, Inc. (NYSE:R) Shares Acquired by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC lifted its position in Ryder System, Inc. (NYSE:R) by 23.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,962 shares of the transportation company’s stock after purchasing an additional 1,123 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Ryder System were worth $935,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in R. Jacobs Levy Equity Management Inc. raised its stake in shares of Ryder System by 212.4% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 425,614 shares of the transportation company’s stock worth $62,055,000 after buying an additional 289,388 shares during the period. FMR LLC raised its position in Ryder System by 56.2% during the third quarter. FMR LLC now owns 781,519 shares of the transportation company’s stock worth $113,945,000 after acquiring an additional 281,052 shares during the period. Millennium Management LLC lifted its holdings in Ryder System by 1,915.0% during the second quarter. Millennium Management LLC now owns 103,935 shares of the transportation company’s stock valued at $12,875,000 after purchasing an additional 98,777 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Ryder System in the fourth quarter valued at about $12,242,000. Finally, Thompson Siegel & Walmsley LLC purchased a new stake in shares of Ryder System during the third quarter worth about $4,243,000. 87.47% of the stock is owned by hedge funds and other institutional investors.

Ryder System Price Performance

NYSE:R opened at $163.83 on Friday. The stock has a 50 day moving average price of $161.99 and a 200 day moving average price of $149.02. The stock has a market cap of $6.93 billion, a PE ratio of 15.33 and a beta of 1.31. 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 one year low of $106.62 and a one year high of $171.78.

Ryder System (NYSE:R) last posted its quarterly earnings results on Thursday, October 24th. The transportation company reported $3.44 EPS for the quarter, topping the consensus estimate of $3.39 by $0.05. Ryder System had a return on equity of 16.78% and a net margin of 3.83%. The business had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.29 billion. During the same quarter in the previous year, the firm earned $3.58 EPS. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. Equities research analysts expect that Ryder System, Inc. will post 12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

R has been the topic of a number of research reports. JPMorgan Chase & Co. decreased 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 note on Friday, October 25th. StockNews.com lowered Ryder System from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. Finally, The Goldman Sachs Group increased their price objective on Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. 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, the company presently has a consensus rating of “Moderate Buy” and an average price target of $147.43.

Insiders Place Their Bets

In other news, insider Thomas M. Havens sold 4,000 shares of the stock in a transaction on 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 transaction, the insider now directly owns 20,504 shares in the company, valued at approximately $3,228,149.76. This represents a 16.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.10% of the stock is 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.