AdvisorShares Investments LLC Purchases Shares of 2,627 Ryder System, Inc. $R

AdvisorShares Investments LLC acquired a new stake in shares of Ryder System, Inc. (NYSE:R) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,627 shares of the transportation company’s stock, valued at approximately $496,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in R. GAMMA Investing LLC raised its stake in Ryder System by 4.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,368 shares of the transportation company’s stock worth $258,000 after buying an additional 62 shares during the period. Creative Planning raised its position in shares of Ryder System by 0.3% during the second quarter. Creative Planning now owns 26,279 shares of the transportation company’s stock worth $4,178,000 after purchasing an additional 66 shares during the period. MAI Capital Management lifted its holdings in shares of Ryder System by 57.6% in the 2nd quarter. MAI Capital Management now owns 186 shares of the transportation company’s stock worth $30,000 after purchasing an additional 68 shares in the last quarter. CoreCap Advisors LLC grew its position in Ryder System by 26.4% in the 3rd quarter. CoreCap Advisors LLC now owns 354 shares of the transportation company’s stock valued at $67,000 after purchasing an additional 74 shares during the period. Finally, Callan Family Office LLC increased its stake in Ryder System by 3.2% during the 3rd quarter. Callan Family Office LLC now owns 2,694 shares of the transportation company’s stock valued at $508,000 after purchasing an additional 84 shares in the last quarter. Institutional investors own 87.47% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on R. Wells Fargo & Company began coverage on shares of Ryder System in a research note on Friday, December 5th. They issued an “overweight” rating and a $210.00 price objective on the stock. Morgan Stanley raised their price target on shares of Ryder System from $190.00 to $250.00 and gave the company an “overweight” rating in a research report on Monday, December 8th. Wolfe Research reissued a “peer perform” rating on shares of Ryder System in a report on Thursday, January 8th. Weiss Ratings restated a “buy (b)” rating on shares of Ryder System in a report on Thursday, January 22nd. Finally, JPMorgan Chase & Co. lifted their target price on Ryder System from $194.00 to $197.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $205.67.

Ryder System Price Performance

Shares of NYSE R opened at $217.66 on Monday. The company has a market capitalization of $8.79 billion, a PE ratio of 18.38 and a beta of 0.96. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.35. The stock’s 50 day moving average price is $192.36 and its 200-day moving average price is $183.87. Ryder System, Inc. has a twelve month low of $125.54 and a twelve month high of $218.36.

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.