Elevated Capital Advisors LLC Takes Position in Ryder System, Inc. (NYSE:R)

Elevated Capital Advisors LLC purchased a new position in shares of Ryder System, Inc. (NYSE:R) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,642 shares of the transportation company’s stock, valued at approximately $258,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Earnest Partners LLC increased its stake in Ryder System by 3.4% in the second quarter. Earnest Partners LLC now owns 1,915,544 shares of the transportation company’s stock valued at $237,298,000 after acquiring an additional 62,815 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Ryder System by 1.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,722,222 shares of the transportation company’s stock worth $213,345,000 after buying an additional 31,550 shares in the last quarter. Sei Investments Co. lifted its position in shares of Ryder System by 4.7% during the 2nd quarter. Sei Investments Co. now owns 847,581 shares of the transportation company’s stock worth $104,997,000 after buying an additional 37,991 shares during the last quarter. FMR LLC boosted its stake in Ryder System by 56.2% in the third quarter. FMR LLC now owns 781,519 shares of the transportation company’s stock valued at $113,945,000 after buying an additional 281,052 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Ryder System by 0.8% in the third quarter. Geode Capital Management LLC now owns 722,689 shares of the transportation company’s stock valued at $105,397,000 after acquiring an additional 5,860 shares during the last quarter. Institutional investors own 87.47% of the company’s stock.

Wall Street Analysts Forecast Growth

R has been the topic of a number of research analyst reports. StockNews.com downgraded shares of Ryder System from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. The Goldman Sachs Group raised their target price on shares of Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. decreased their target price on shares of 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 research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $147.43.

Insider Activity at Ryder System

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

Ryder System Price Performance

R stock opened at $156.02 on Tuesday. The company has a market capitalization of $6.60 billion, a P/E ratio of 14.59 and a beta of 1.31. The company has a fifty day moving average price of $161.63 and a 200-day moving average price of $146.53. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.74 and a current ratio of 0.74. Ryder System, Inc. has a 52-week low of $106.62 and a 52-week high of $171.78.

Ryder System (NYSE:R) last announced its earnings results on Thursday, October 24th. The transportation company reported $3.44 EPS for the quarter, topping the consensus estimate 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 business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the business earned $3.58 EPS. As a group, equities analysts expect that Ryder System, Inc. will post 12.01 EPS for the current year.

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, as well as digital and technology support services.