QRG Capital Management Inc. Decreases Holdings in Ryder System, Inc. $R

QRG Capital Management Inc. decreased its stake in Ryder System, Inc. (NYSE:R) by 86.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,954 shares of the transportation company’s stock after selling 18,460 shares during the quarter. QRG Capital Management Inc.’s holdings in Ryder System were worth $557,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of R. Evergreen Capital Management LLC purchased a new stake in Ryder System during the 3rd quarter worth approximately $251,000. Ritholtz Wealth Management boosted its stake in shares of Ryder System by 57.0% in the third quarter. Ritholtz Wealth Management now owns 5,370 shares of the transportation company’s stock worth $1,013,000 after acquiring an additional 1,949 shares during the last quarter. Retirement Planning Group LLC purchased a new stake in shares of Ryder System during the third quarter worth approximately $262,000. Quent Capital LLC acquired a new position in Ryder System in the 3rd quarter valued at $133,000. Finally, MGO One Seven LLC purchased a new position in Ryder System in the 3rd quarter valued at $224,000. Institutional investors and hedge funds own 87.47% of the company’s stock.

Ryder System Stock Performance

Ryder System stock opened at $196.17 on Friday. The firm has a 50 day simple moving average of $185.62 and a 200-day simple moving average of $181.61. The stock has a market cap of $7.92 billion, a price-to-earnings ratio of 16.57 and a beta of 0.96. The company has a debt-to-equity ratio of 2.35, a current ratio of 1.02 and a quick ratio of 1.02. Ryder System, Inc. has a 1-year low of $125.54 and a 1-year high of $200.53.

Ryder System (NYSE:R) last released its quarterly earnings data on Thursday, October 23rd. The transportation company reported $3.57 EPS for the quarter, beating analysts’ consensus estimates of $3.56 by $0.01. The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $3.19 billion. Ryder System had a return on equity of 17.69% and a net margin of 3.96%.The firm’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the prior year, the firm posted $3.44 earnings per share. On average, analysts expect that Ryder System, Inc. will post 13.68 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Citigroup upped their target price on shares of Ryder System from $196.00 to $218.00 and gave the stock a “buy” rating in a report on Friday, December 19th. Wolfe Research reaffirmed a “peer perform” rating on shares of Ryder System in a research note on Thursday, January 8th. JPMorgan Chase & Co. raised their target price on shares of Ryder System from $194.00 to $197.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th. Weiss Ratings restated a “buy (b)” rating on shares of Ryder System in a report on Wednesday, October 8th. Finally, Wells Fargo & Company assumed coverage on Ryder System in a report on Friday, December 5th. They issued an “overweight” rating and a $210.00 price target for the company. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Ryder System presently has an average rating of “Moderate Buy” and an average target price of $205.67.

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.