Great Diamond Partners LLC Acquires New Shares in Ryder System, Inc. (NYSE:R)

Great Diamond Partners LLC bought a new position in Ryder System, Inc. (NYSE:R) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 3,722 shares of the transportation company’s stock, valued at approximately $584,000.

Several other hedge funds have also recently modified their holdings of R. UMB Bank n.a. grew its position in Ryder System by 43.2% in the 3rd quarter. UMB Bank n.a. now owns 265 shares of the transportation company’s stock worth $39,000 after purchasing an additional 80 shares during the period. Truist Financial Corp boosted its stake in shares of Ryder System by 0.6% in the 2nd quarter. Truist Financial Corp now owns 14,303 shares of the transportation company’s stock worth $1,772,000 after buying an additional 90 shares during the last quarter. MML Investors Services LLC grew its holdings in shares of Ryder System by 4.7% in the third quarter. MML Investors Services LLC now owns 2,078 shares of the transportation company’s stock worth $303,000 after acquiring an additional 94 shares during the period. Buckley Wealth Management LLC increased its position in Ryder System by 1.1% during the third quarter. Buckley Wealth Management LLC now owns 9,660 shares of the transportation company’s stock valued at $1,408,000 after acquiring an additional 105 shares during the last quarter. Finally, DGS Capital Management LLC lifted its holdings in Ryder System by 7.9% in the fourth quarter. DGS Capital Management LLC now owns 1,538 shares of the transportation company’s stock valued at $241,000 after acquiring an additional 113 shares during the period. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Insider Buying and Selling

In related news, insider Thomas M. Havens sold 4,000 shares of the business’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 value of $629,760.00. Following the transaction, the insider now directly owns 20,504 shares of the company’s stock, valued at approximately $3,228,149.76. The trade was a 16.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.10% of the stock is currently owned by insiders.

Ryder System Stock Performance

R opened at $159.53 on Friday. The firm has a market cap of $6.75 billion, a P/E ratio of 14.92 and a beta of 1.31. Ryder System, Inc. has a 1-year low of $106.62 and a 1-year high of $171.78. The company has a 50 day simple moving average of $161.93 and a two-hundred day simple moving average of $150.06. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.74 and a quick ratio of 0.74.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. The Goldman Sachs Group upped their price target 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. JPMorgan Chase & Co. reduced their target price on shares of Ryder System from $148.00 to $144.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Finally, StockNews.com cut shares of Ryder System from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $147.43.

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.