BlackRock Investment Management LLC boosted its stake in shares of Ryder System, Inc. (NYSE:R) by 1.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 112,983 shares of the company’s stock after buying an additional 1,161 shares during the period. BlackRock Investment Management LLC’s holdings in Ryder System were worth $7,451,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Gateway Investment Advisers LLC increased its stake in shares of Ryder System by 0.5% in the third quarter. Gateway Investment Advisers LLC now owns 4,182 shares of the company’s stock valued at $276,000 after buying an additional 19 shares during the period. Thrivent Financial for Lutherans increased its stake in shares of Ryder System by 0.5% in the second quarter. Thrivent Financial for Lutherans now owns 18,550 shares of the company’s stock valued at $1,134,000 after buying an additional 90 shares during the period. Eads & Heald Investment Counsel increased its stake in shares of Ryder System by 0.6% in the third quarter. Eads & Heald Investment Counsel now owns 15,322 shares of the company’s stock valued at $1,010,000 after buying an additional 94 shares during the period. Calvert Investment Management Inc. increased its stake in shares of Ryder System by 2.6% in the second quarter. Calvert Investment Management Inc. now owns 4,317 shares of the company’s stock valued at $264,000 after buying an additional 110 shares during the period. Finally, Intrust Bank NA increased its stake in shares of Ryder System by 2.0% in the third quarter. Intrust Bank NA now owns 6,122 shares of the company’s stock valued at $404,000 after buying an additional 118 shares during the period. 91.46% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Ryder System (NYSE:R)

Shares of Ryder System, Inc. (NYSE:R) opened at 77.03 on Friday. The company has a market capitalization of $4.12 billion, a PE ratio of 14.19 and a beta of 1.27. Ryder System, Inc. has a one year low of $45.12 and a one year high of $85.42. The company has a 50-day moving average of $78.11 and a 200-day moving average of $69.76.

Ryder System (NYSE:R) last posted its earnings results on Tuesday, October 25th. The company reported $1.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.66 by $0.01. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.70 billion. Ryder System had a net margin of 4.32% and a return on equity of 15.76%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the business posted $1.74 earnings per share. On average, analysts anticipate that Ryder System, Inc. will post $5.76 earnings per share for the current year.

WARNING: “BlackRock Investment Management LLC Has $7,451,000 Position in Ryder System, Inc. (R)” was published by Watch List News and is the sole property of of Watch List News. If you are accessing this article on another website, it was illegally copied and republished in violation of U.S. & international copyright legislation. The legal version of this article can be accessed at http://www.watchlistnews.com/blackrock-investment-management-llc-has-7451000-position-in-ryder-system-inc-r/1061327.html.

Several equities analysts have recently commented on the stock. Wolfe Research cut shares of Ryder System from an “outperform” rating to a “market perform” rating in a report on Thursday, December 15th. Stifel Nicolaus cut shares of Ryder System from a “buy” rating to a “hold” rating and set a $75.00 price target on the stock. in a report on Tuesday, November 15th. They noted that the move was a valuation call. Aegis assumed coverage on shares of Ryder System in a report on Monday, October 24th. They set a “buy” rating and a $77.00 price target on the stock. KeyCorp restated a “hold” rating on shares of Ryder System in a report on Sunday, October 9th. Finally, assumed coverage on shares of Ryder System in a report on Friday, September 30th. They set a “buy” rating and a $80.00 price target on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $73.20.

In related news, insider Dennis C. Cooke sold 6,000 shares of the firm’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $79.27, for a total transaction of $475,620.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Robert D. Fatovic sold 15,000 shares of the firm’s stock in a transaction on Wednesday, November 9th. The stock was sold at an average price of $76.14, for a total transaction of $1,142,100.00. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by company insiders.

About Ryder System

Ryder System, Inc is engaged in offering transportation and supply chain management solutions. The Company operates through three segments: Fleet Management Solutions (FMS), which provides full service leasing, commercial rental, contract maintenance and contract-related maintenance of trucks, tractors and trailers to customers in the United States, Canada and the United Kingdom; Dedicated Transportation Solutions (DTS), which provides vehicles and drivers as part of a dedicated transportation solution in the United States, and Supply Chain Solutions (SCS), which provides supply chain solutions, including distribution and transportation services in North America and Asia.

5 Day Chart for NYSE:R

Want to see what other hedge funds are holding R? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ryder System, Inc. (NYSE:R).

Receive News & Ratings for Ryder System Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ryder System Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.