Range Financial Group LLC Purchases Shares of 2,393 Ryder System, Inc. (NYSE:R)

Range Financial Group LLC acquired a new position in Ryder System, Inc. (NYSE:R) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,393 shares of the transportation company’s stock, valued at approximately $375,000.

Several other large investors have also modified their holdings of the company. UMB Bank n.a. lifted its holdings in shares of Ryder System by 43.2% during the third quarter. UMB Bank n.a. now owns 265 shares of the transportation company’s stock worth $39,000 after buying an additional 80 shares during the last quarter. Truist Financial Corp boosted its holdings in Ryder System by 0.6% in the 2nd quarter. Truist Financial Corp now owns 14,303 shares of the transportation company’s stock valued at $1,772,000 after purchasing an additional 90 shares during the period. MML Investors Services LLC grew its position in Ryder System by 4.7% in the 3rd quarter. MML Investors Services LLC now owns 2,078 shares of the transportation company’s stock worth $303,000 after purchasing an additional 94 shares during the last quarter. Buckley Wealth Management LLC increased its holdings in shares of Ryder System by 1.1% during the 3rd quarter. Buckley Wealth Management LLC now owns 9,660 shares of the transportation company’s stock worth $1,408,000 after purchasing an additional 105 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Ryder System by 20.2% in the third quarter. GAMMA Investing LLC now owns 708 shares of the transportation company’s stock valued at $103,000 after buying an additional 119 shares during the period. 87.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on R shares. StockNews.com lowered Ryder System from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. The Goldman Sachs Group upped their target price on Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Finally, JPMorgan Chase & Co. lowered their price target 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. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $147.43.

Insider Buying and Selling at Ryder System

In other news, insider Thomas M. Havens sold 4,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $157.44, for a total transaction of $629,760.00. Following the sale, the insider now directly owns 20,504 shares of the company’s stock, valued at $3,228,149.76. This represents a 16.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 5.10% of the company’s stock.

Ryder System Stock Performance

Ryder System stock opened at $157.46 on Wednesday. The firm has a market capitalization of $6.66 billion, a P/E ratio of 14.73 and a beta of 1.31. The stock has a fifty day moving average price of $160.88 and a two-hundred day moving average price of $145.60. Ryder System, Inc. has a 52-week low of $106.62 and a 52-week high of $171.78. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.74 and a quick ratio of 0.74.

Ryder System (NYSE:R) last released its quarterly earnings results on Thursday, October 24th. The transportation company reported $3.44 EPS for the quarter, beating analysts’ consensus estimates of $3.39 by $0.05. Ryder System had a net margin of 3.83% and a return on equity of 16.78%. The firm had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.29 billion. During the same period in the previous year, the business earned $3.58 earnings per share. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. As a group, analysts anticipate that Ryder System, Inc. will post 12.01 EPS for the current fiscal year.

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.