Janney Montgomery Scott LLC Grows Stock Position in Ryder System, Inc. (NYSE:R)

Janney Montgomery Scott LLC increased its position in shares of Ryder System, Inc. (NYSE:RGet Rating) by 2.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,576 shares of the transportation company’s stock after purchasing an additional 190 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Ryder System were worth $572,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. CoreCap Advisors LLC purchased a new position in Ryder System during the second quarter worth approximately $25,000. Charter Oak Capital Management LLC acquired a new position in shares of Ryder System during the 2nd quarter valued at about $54,000. Ellevest Inc. grew its holdings in shares of Ryder System by 818.9% in the second 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 during the second quarter worth about $65,000. Finally, SeaCrest Wealth Management LLC purchased a new position in Ryder System during the second quarter worth about $75,000. 83.69% of the stock is owned by institutional investors and hedge funds.

Ryder System Stock Up 0.8 %

R opened at $92.87 on Friday. Ryder System, Inc. has a one year low of $61.71 and a one year high of $97.26. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.71 and a current ratio of 0.73. The stock has a market capitalization of $4.67 billion, a P/E ratio of 5.73 and a beta of 1.60. The business’s 50-day simple moving average is $87.58 and its 200-day simple moving average is $81.01.

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

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Robert W. Baird boosted their price objective on shares of Ryder System to $87.00 in a report on Thursday, October 27th. Stephens increased their price objective on shares of Ryder System from $86.00 to $91.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 27th. StockNews.com lowered Ryder System from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 22nd. Finally, Wolfe Research upgraded Ryder System from a “peer perform” rating to an “outperform” rating and set a $100.00 price target for the company in a research report on Tuesday, January 10th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $86.67.

Insider Activity

In other news, CFO John J. Diez sold 2,573 shares of the firm’s stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $80.78, for a total value of $207,846.94. Following the completion of the sale, the chief financial officer now directly owns 69,757 shares of the company’s stock, valued at approximately $5,634,970.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Ryder System news, CFO John J. Diez sold 2,573 shares of the company’s stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $80.78, for a total transaction of $207,846.94. Following the transaction, the chief financial officer now directly owns 69,757 shares in the company, valued at $5,634,970.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Rajeev Ravindran sold 2,640 shares of Ryder System stock in a transaction that occurred on Monday, November 28th. The shares were sold at an average price of $93.56, for a total transaction of $246,998.40. Following the sale, the executive vice president now owns 10,220 shares of the company’s stock, valued at $956,183.20. The disclosure for this sale can be found here. Insiders have sold a total of 137,161 shares of company stock valued at $11,307,758 over the last quarter. Corporate insiders own 3.50% of the company’s stock.

About Ryder System

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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.

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

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