New York State Common Retirement Fund Grows Stock Position in Ryder System, Inc. $R

New York State Common Retirement Fund increased its stake in shares of Ryder System, Inc. (NYSE:R) by 9.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,763 shares of the transportation company’s stock after purchasing an additional 2,800 shares during the quarter. New York State Common Retirement Fund owned 0.08% of Ryder System worth $5,992,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Root Financial Partners LLC purchased a new stake in shares of Ryder System in the third quarter valued at about $28,000. Hantz Financial Services Inc. lifted its position in Ryder System by 770.0% in the second quarter. Hantz Financial Services Inc. now owns 174 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 154 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Ryder System by 237.0% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 182 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 128 shares in the last quarter. MAI Capital Management boosted its holdings in Ryder System by 57.6% in the 2nd quarter. MAI Capital Management now owns 186 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 68 shares in the last quarter. Finally, Employees Retirement System of Texas acquired a new position in Ryder System during the 2nd quarter worth approximately $35,000. 87.47% of the stock is owned by institutional investors and hedge funds.

Ryder System Price Performance

Ryder System stock opened at $213.91 on Friday. The firm has a market capitalization of $8.64 billion, a PE ratio of 18.07 and a beta of 0.96. Ryder System, Inc. has a 52 week low of $125.54 and a 52 week high of $214.81. The firm’s 50-day simple moving average is $191.47 and its 200 day simple moving average is $183.37. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.35.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on R shares. Morgan Stanley lifted their price target on Ryder System from $190.00 to $250.00 and gave the company an “overweight” rating in a research note on Monday, December 8th. Citigroup raised their target price on Ryder System from $196.00 to $218.00 and gave the company a “buy” rating in a report on Friday, December 19th. Wells Fargo & Company started coverage on shares of Ryder System in a research note on Friday, December 5th. They set an “overweight” rating and a $210.00 price target on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Ryder System in a research note on Thursday, January 22nd. Finally, Wolfe Research restated a “peer perform” rating on shares of Ryder System in a research report on Thursday, January 8th. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $205.67.

Ryder System Company Profile

Ryder System, Inc is a leading provider of transportation and supply chain management solutions, serving commercial customers across a range of industries. The company’s Fleet Management Solutions segment offers full-service leasing and rental of medium- and heavy-duty trucks, tractors and trailers, along with maintenance and repair services at its network of service locations. Its Supply Chain Solutions segment provides integrated, technology-driven offerings that span managed transportation, dedicated contract carriage, warehousing and distribution, and e-commerce fulfillment.

Founded in 1933 and headquartered in Miami, Florida, Ryder has grown from a regional truck leasing operation into a diversified, global logistics provider.