Great Diamond Partners LLC Makes New $584,000 Investment in Ryder System, Inc. (NYSE:R)

Great Diamond Partners LLC acquired a new stake in shares of Ryder System, Inc. (NYSE:R) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,722 shares of the transportation company’s stock, valued at approximately $584,000.

Several other large investors have also recently modified their holdings of the stock. Jacobs Levy Equity Management Inc. boosted its position in Ryder System by 212.4% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 425,614 shares of the transportation company’s stock valued at $62,055,000 after buying an additional 289,388 shares during the period. FMR LLC raised its stake in shares of Ryder System by 56.2% during the third quarter. FMR LLC now owns 781,519 shares of the transportation company’s stock valued at $113,945,000 after acquiring an additional 281,052 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Ryder System by 1,915.0% during the second quarter. Millennium Management LLC now owns 103,935 shares of the transportation company’s stock worth $12,875,000 after purchasing an additional 98,777 shares during the period. Assenagon Asset Management S.A. bought a new stake in shares of Ryder System in the fourth quarter worth about $12,242,000. Finally, Thompson Siegel & Walmsley LLC bought a new position in Ryder System during the 3rd quarter valued at approximately $4,243,000. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Ryder System Price Performance

R opened at $159.53 on Friday. Ryder System, Inc. has a 12-month low of $106.62 and a 12-month high of $171.78. The company has a market cap of $6.75 billion, a price-to-earnings ratio of 14.92 and a beta of 1.31. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.17. The stock has a fifty day simple moving average of $161.93 and a two-hundred day simple moving average of $150.06.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on R shares. StockNews.com lowered Ryder System from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. The Goldman Sachs Group boosted 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. Finally, JPMorgan Chase & Co. dropped their target price on shares of Ryder System from $148.00 to $144.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $147.43.

Insider Buying and Selling

In other Ryder System news, insider Thomas M. Havens sold 4,000 shares of the business’s stock in a transaction 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 sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.10% of the stock is owned by company insiders.

About Ryder System

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.