Ryder System, Inc. $R Shares Purchased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans boosted its position in shares of Ryder System, Inc. (NYSE:R) by 76.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 66,941 shares of the transportation company’s stock after acquiring an additional 29,029 shares during the quarter. Thrivent Financial for Lutherans owned 0.17% of Ryder System worth $12,628,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of R. Hantz Financial Services Inc. lifted its position in shares of Ryder System by 770.0% during the second quarter. Hantz Financial Services Inc. now owns 174 shares of the transportation company’s stock worth $28,000 after purchasing an additional 154 shares in the last quarter. Root Financial Partners LLC purchased a new stake in Ryder System during the 3rd quarter worth approximately $28,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Ryder System by 237.0% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 182 shares of the transportation company’s stock worth $29,000 after buying an additional 128 shares in the last quarter. MAI Capital Management boosted its position in Ryder System by 57.6% in the 2nd quarter. MAI Capital Management now owns 186 shares of the transportation company’s stock valued at $30,000 after buying an additional 68 shares during the period. Finally, Employees Retirement System of Texas acquired a new position in shares of Ryder System in the second quarter worth $35,000. 87.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Citigroup increased their price objective on Ryder System from $196.00 to $218.00 and gave the company a “buy” rating in a research note on Friday, December 19th. Wolfe Research restated a “peer perform” rating on shares of Ryder System in a report on Thursday, January 8th. JPMorgan Chase & Co. lifted their price objective on Ryder System from $194.00 to $197.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Wells Fargo & Company assumed coverage on Ryder System in a research report on Friday, December 5th. They set an “overweight” rating and a $210.00 price objective for the company. Finally, Morgan Stanley upped their target price on shares of Ryder System from $190.00 to $250.00 and gave the stock an “overweight” rating in a research note on Monday, December 8th. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $205.67.

Ryder System Stock Performance

Shares of R opened at $213.21 on Thursday. The company has a market capitalization of $8.61 billion, a price-to-earnings ratio of 18.01 and a beta of 0.96. Ryder System, Inc. has a 52-week low of $125.54 and a 52-week high of $214.16. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.35. The stock has a 50 day moving average price of $190.65 and a 200 day moving average price of $183.16.

About Ryder System

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.