Swiss National Bank increased its stake in Ryder System, Inc. (NYSE:R – Free Report) by 1.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 102,138 shares of the transportation company’s stock after acquiring an additional 1,000 shares during the quarter. Swiss National Bank’s holdings in Ryder System were worth $10,924,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the stock. Barclays PLC increased its stake in Ryder System by 66.3% in the third quarter. Barclays PLC now owns 69,179 shares of the transportation company’s stock valued at $7,398,000 after purchasing an additional 27,583 shares in the last quarter. Arizona State Retirement System boosted its holdings in Ryder System by 1.4% in the third quarter. Arizona State Retirement System now owns 13,237 shares of the transportation company’s stock worth $1,416,000 after acquiring an additional 184 shares in the last quarter. LSV Asset Management boosted its holdings in Ryder System by 13.5% in the third quarter. LSV Asset Management now owns 1,570,462 shares of the transportation company’s stock worth $167,961,000 after acquiring an additional 187,174 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of Ryder System by 110.5% during the third quarter. Nomura Asset Management Co. Ltd. now owns 1,789 shares of the transportation company’s stock valued at $191,000 after acquiring an additional 939 shares in the last quarter. Finally, Islay Capital Management LLC acquired a new position in shares of Ryder System during the third quarter worth approximately $815,000. 83.62% of the stock is currently owned by institutional investors.
Ryder System Stock Performance
Shares of R stock opened at $118.94 on Tuesday. Ryder System, Inc. has a one year low of $76.15 and a one year high of $119.47. The company has a market cap of $5.27 billion, a P/E ratio of 11.67 and a beta of 1.41. The firm has a 50-day moving average of $113.26 and a 200-day moving average of $105.68. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.53 and a quick ratio of 0.51.
Ryder System Announces Dividend
Insider Transactions at Ryder System
In other Ryder System news, EVP Robert D. Fatovic sold 10,000 shares of the company’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $106.51, for a total value of $1,065,100.00. Following the completion of the transaction, the executive vice president now owns 52,314 shares in the company, valued at approximately $5,571,964.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.00% of the company’s stock.
Wall Street Analyst Weigh In
R has been the subject of several research reports. Stephens reduced their price target on shares of Ryder System from $105.00 to $102.00 and set an “equal weight” rating for the company in a research report on Friday, October 27th. Vertical Research downgraded shares of Ryder System from a “buy” rating to a “hold” rating and set a $120.00 target price for the company. in a research report on Wednesday, January 10th. JPMorgan Chase & Co. upped their target price on shares of Ryder System from $110.00 to $117.00 and gave the stock a “neutral” rating in a report on Thursday, December 21st. Finally, StockNews.com upgraded Ryder System from a “hold” rating to a “buy” rating in a research note on Friday, January 19th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $110.33.
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.
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