Thrivent Financial for Lutherans lifted its position in Ryder System, Inc. (NYSE:R) by 5.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,484 shares of the transportation company’s stock after purchasing an additional 673 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Ryder System were worth $649,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Jane Street Group LLC acquired a new stake in Ryder System in the fourth quarter valued at approximately $605,000. Municipal Employees Retirement System of Michigan acquired a new stake in Ryder System during the fourth quarter worth approximately $614,000. Squarepoint Ops LLC acquired a new stake in Ryder System during the fourth quarter worth approximately $3,936,000. Bank of America Corp DE raised its holdings in Ryder System by 50.6% during the fourth quarter. Bank of America Corp DE now owns 456,444 shares of the transportation company’s stock worth $21,977,000 after purchasing an additional 153,271 shares in the last quarter. Finally, Two Sigma Advisers LP raised its holdings in Ryder System by 10.5% during the fourth quarter. Two Sigma Advisers LP now owns 319,200 shares of the transportation company’s stock worth $15,369,000 after purchasing an additional 30,215 shares in the last quarter. 91.98% of the stock is owned by hedge funds and other institutional investors.
NYSE:R traded up $2.41 during midday trading on Friday, reaching $63.66. The stock had a trading volume of 465,371 shares, compared to its average volume of 643,660. Ryder System, Inc. has a 12-month low of $44.80 and a 12-month high of $79.95. The company has a debt-to-equity ratio of 2.78, a current ratio of 0.95 and a quick ratio of 0.65. The firm has a market cap of $3.40 billion, a price-to-earnings ratio of 10.99 and a beta of 1.71.
R has been the topic of a number of research analyst reports. ValuEngine raised shares of Ryder System from a “strong sell” rating to a “sell” rating in a report on Wednesday, February 20th. Zacks Investment Research raised shares of Ryder System from a “sell” rating to a “hold” rating in a report on Friday, January 11th. Finally, TheStreet raised shares of Ryder System from a “c+” rating to a “b-” rating in a report on Thursday, February 21st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. Ryder System currently has a consensus rating of “Buy” and an average price target of $76.89.
About Ryder System
Ryder System, Inc provides transportation and supply chain management solutions worldwide. The company operates through three segments: Fleet Management Solutions (FMS), Dedicated Transportation Solutions (DTS), and Supply Chain Solutions (SCS). The FMS segment offers full service leasing and leasing with flexible maintenance options, as well as maintenance services, supplies, and related equipment for operation of the vehicles; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers, as well as fleet support services.
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