Truist Financial Corp Buys 11,621 Shares of Ryder System, Inc. (NYSE:R)

Truist Financial Corp boosted its holdings in Ryder System, Inc. (NYSE:RGet Rating) by 319.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 15,263 shares of the transportation company’s stock after acquiring an additional 11,621 shares during the quarter. Truist Financial Corp’s holdings in Ryder System were worth $1,152,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of R. CoreCap Advisors LLC acquired a new stake in Ryder System in the 2nd quarter valued at $25,000. Charter Oak Capital Management LLC acquired a new stake in Ryder System in the 2nd quarter valued at $54,000. Ellevest Inc. grew its position in Ryder System by 818.9% in the 2nd quarter. Ellevest Inc. now owns 873 shares of the transportation company’s stock valued at $62,000 after purchasing an additional 778 shares during the period. National Bank of Canada FI acquired a new stake in Ryder System in the 2nd quarter valued at $65,000. Finally, SeaCrest Wealth Management LLC purchased a new position in Ryder System during the 2nd quarter worth $75,000. Institutional investors and hedge funds own 83.69% of the company’s stock.

Ryder System Trading Down 0.6 %

Shares of Ryder System stock opened at $92.14 on Friday. Ryder System, Inc. has a 52-week low of $61.71 and a 52-week high of $97.26. The stock’s 50-day simple moving average is $87.50 and its 200 day simple moving average is $80.80. The stock has a market capitalization of $4.63 billion, a P/E ratio of 5.68 and a beta of 1.60. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.71 and a current ratio of 0.73.

Ryder System (NYSE:RGet Rating) last announced its quarterly earnings data on Wednesday, October 26th. The transportation company reported $4.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.70 by $0.75. Ryder System had a return on equity of 29.45% and a net margin of 7.31%. The business had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $2.96 billion. During the same period in the previous year, the business posted $2.55 EPS. The firm’s quarterly revenue was up 23.4% compared to the same quarter last year. As a group, research analysts anticipate that Ryder System, Inc. will post 16.03 EPS for the current year.

Insider Activity

In other Ryder System news, CEO Robert E. Sanchez sold 89,325 shares of the firm’s stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $80.78, for a total value of $7,215,673.50. Following the transaction, the chief executive officer now directly owns 268,351 shares of the company’s stock, valued at $21,677,393.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Robert D. Fatovic sold 16,808 shares of the firm’s stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $81.26, for a total value of $1,365,818.08. Following the transaction, the executive vice president now owns 47,367 shares of the company’s stock, valued at $3,849,042.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert E. Sanchez sold 89,325 shares of the firm’s stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $80.78, for a total value of $7,215,673.50. Following the completion of the transaction, the chief executive officer now directly owns 268,351 shares in the company, valued at approximately $21,677,393.78. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 137,161 shares of company stock valued at $11,307,758. 3.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Stephens lifted their price objective on shares of Ryder System from $86.00 to $91.00 and gave the stock an “equal weight” rating in a report on Thursday, October 27th. Robert W. Baird lifted their price objective on shares of Ryder System to $87.00 in a report on Thursday, October 27th. StockNews.com downgraded shares of Ryder System from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 22nd. Finally, Wolfe Research raised shares of Ryder System from a “peer perform” rating to an “outperform” rating and set a $100.00 price target on the stock in a report on Tuesday, January 10th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Ryder System currently has a consensus rating of “Hold” and a consensus target price of $86.67.

Ryder System Company Profile

(Get Rating)

Ryder System, Inc operates as a logistics and transportation company. It provides supply chain, dedicated transportation and fleet management solutions. The company operates through three business segments: Fleet Management Solutions, Supply Chain Solutions and Dedicated Transportation Solutions. The Fleet Management Solutions segment provides full service leasing and leasing with flexible maintenance options, commercial rental and maintenance services of trucks, tractors and trailers.

Read More

Want to see what other hedge funds are holding R? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ryder System, Inc. (NYSE:RGet Rating).

Institutional Ownership by Quarter for Ryder System (NYSE:R)

Receive News & Ratings for Ryder System Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ryder System and related companies with MarketBeat.com's FREE daily email newsletter.