Ryder System, Inc. (NYSE:R) Shares Bought by Nordea Investment Management AB

Nordea Investment Management AB lifted its holdings in Ryder System, Inc. (NYSE:R) by 2.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,094 shares of the transportation company’s stock after purchasing an additional 1,964 shares during the period. Nordea Investment Management AB owned about 0.18% of Ryder System worth $11,671,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in R. Wolff Wiese Magana LLC acquired a new stake in Ryder System during the 3rd quarter worth about $28,000. Altshuler Shaham Ltd purchased a new position in shares of Ryder System in the second quarter worth approximately $29,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Ryder System during the third quarter valued at approximately $34,000. UMB Bank n.a. lifted its position in shares of Ryder System by 43.2% in the 3rd quarter. UMB Bank n.a. now owns 265 shares of the transportation company’s stock valued at $39,000 after acquiring an additional 80 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Ryder System in the 2nd quarter worth approximately $51,000. 87.47% of the stock is currently owned by institutional investors.

Insider Activity

In other Ryder System news, insider Thomas M. Havens sold 4,000 shares of the company’s stock in a transaction that occurred 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 sale, the insider now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.10% of the stock is owned by insiders.

Ryder System Stock Performance

Shares of NYSE R opened at $158.42 on Thursday. 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, Inc. has a one year low of $106.62 and a one year high of $171.78. The business’s 50-day moving average price is $161.07 and its two-hundred day moving average price is $145.69. The company has a market capitalization of $6.70 billion, a P/E ratio of 14.82 and a beta of 1.31.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on R. StockNews.com lowered Ryder System from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. The Goldman Sachs Group increased their price objective on Ryder System from $160.00 to $183.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Finally, JPMorgan Chase & Co. lowered their target price on Ryder System from $148.00 to $144.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Ryder System currently has an average rating of “Moderate Buy” and a consensus price target of $147.43.

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.