Nilsine Partners LLC Purchases Shares of 1,475 Ryder System, Inc. (NYSE:R)

Nilsine Partners LLC acquired a new position in Ryder System, Inc. (NYSE:R) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,475 shares of the transportation company’s stock, valued at approximately $231,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in R. UMB Bank n.a. raised its stake in shares of Ryder System by 43.2% in the third quarter. UMB Bank n.a. now owns 265 shares of the transportation company’s stock worth $39,000 after buying an additional 80 shares during the period. Truist Financial Corp increased its holdings in 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 acquiring an additional 90 shares in the last quarter. MML Investors Services LLC raised its stake in Ryder System by 4.7% during the 3rd 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 lifted its holdings 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 purchasing an additional 105 shares in the last quarter. Finally, DGS Capital Management LLC boosted its position in shares of Ryder System by 7.9% in the fourth quarter. DGS Capital Management LLC now owns 1,538 shares of the transportation company’s stock worth $241,000 after purchasing an additional 113 shares during the period. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Ryder System Price Performance

NYSE:R opened at $160.95 on Thursday. The company has a market capitalization of $6.81 billion, a P/E ratio of 15.06 and a beta of 1.31. The business’s 50-day moving average is $162.03 and its 200 day moving average is $149.78. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.17. Ryder System, Inc. has a 12 month low of $106.62 and a 12 month high of $171.78.

Wall Street Analysts Forecast Growth

R has been the topic of several recent analyst reports. The Goldman Sachs Group raised their price objective 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. lowered their price objective on Ryder System from $148.00 to $144.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Finally, StockNews.com cut Ryder System from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $147.43.

Insider Transactions at Ryder System

In other Ryder System news, insider Thomas M. Havens sold 4,000 shares of the company’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 transaction of $629,760.00. Following the sale, the insider now directly owns 20,504 shares in the company, valued at $3,228,149.76. This represents a 16.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 5.10% of the company’s stock.

Ryder System 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.