Eads & Heald Wealth Management trimmed its holdings in Ryder System, Inc. (NYSE:R) by 42.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,510 shares of the transportation company’s stock after selling 6,224 shares during the quarter. Eads & Heald Wealth Management’s holdings in Ryder System were worth $410,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of R. Raymond James & Associates boosted its position in shares of Ryder System by 22.1% during the 2nd quarter. Raymond James & Associates now owns 10,813 shares of the transportation company’s stock valued at $777,000 after acquiring an additional 1,960 shares during the last quarter. California Public Employees Retirement System boosted its position in shares of Ryder System by 4.8% during the 2nd quarter. California Public Employees Retirement System now owns 157,527 shares of the transportation company’s stock valued at $11,320,000 after acquiring an additional 7,185 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Ryder System by 0.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 701,320 shares of the transportation company’s stock valued at $50,396,000 after acquiring an additional 3,253 shares during the last quarter. Northern Trust Corp boosted its position in shares of Ryder System by 9.4% during the 2nd quarter. Northern Trust Corp now owns 472,539 shares of the transportation company’s stock valued at $33,957,000 after acquiring an additional 40,711 shares during the last quarter. Finally, United Services Automobile Association boosted its position in shares of Ryder System by 29.8% during the 2nd quarter. United Services Automobile Association now owns 11,049 shares of the transportation company’s stock valued at $794,000 after acquiring an additional 2,535 shares during the last quarter. Institutional investors and hedge funds own 89.04% of the company’s stock.

Shares of R opened at $57.91 on Friday. The firm has a market capitalization of $3.05 billion, a P/E ratio of 12.78 and a beta of 1.59. Ryder System, Inc. has a 52-week low of $44.80 and a 52-week high of $88.76. The company has a quick ratio of 0.64, a current ratio of 0.67 and a debt-to-equity ratio of 1.86.

In related news, EVP John J. Gleason sold 12,795 shares of the firm’s stock in a transaction on Tuesday, November 27th. The stock was sold at an average price of $55.14, for a total value of $705,516.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director David G. Nord purchased 2,000 shares of the stock in a transaction that occurred on Thursday, November 8th. The stock was bought at an average price of $57.24 per share, with a total value of $114,480.00. Following the completion of the transaction, the director now owns 3,990 shares of the company’s stock, valued at $228,387.60. The disclosure for this purchase can be found here. 2.27% of the stock is owned by company insiders.

A number of research analysts have recently commented on R shares. Wolfe Research upgraded Ryder System from a “peer perform” rating to an “outperform” rating in a research report on Friday, October 5th. Buckingham Research lowered their target price on Ryder System from $91.00 to $89.00 and set a “buy” rating for the company in a research report on Friday, October 12th. Zacks Investment Research downgraded Ryder System from a “buy” rating to a “hold” rating in a research report on Tuesday, October 16th. Loop Capital upgraded Ryder System from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a research report on Thursday, October 25th. Finally, ValuEngine downgraded Ryder System from a “sell” rating to a “strong sell” rating in a research report on Saturday, October 27th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. Ryder System currently has an average rating of “Hold” and an average price target of $76.50.

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Ryder System Company Profile

Ryder System, Inc provides transportation and supply chain management solutions worldwide. The company operates through three segments: Fleet Management Solutions (FMS), Dedicated Transportation Solutions (DTS), and Supply Chain Solutions (SCS). The FMS segment offers full service leasing and leasing with flexible maintenance options, as well as maintenance services, supplies, and related equipment for operation of the vehicles; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers, as well as ancillary maintenance and fleet support services.

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

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