DGS Capital Management LLC Buys 113 Shares of Ryder System, Inc. (NYSE:R)

DGS Capital Management LLC boosted its position in Ryder System, Inc. (NYSE:R) by 7.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,538 shares of the transportation company’s stock after buying an additional 113 shares during the period. DGS Capital Management LLC’s holdings in Ryder System were worth $241,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in R. FMR LLC increased its position 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 worth $113,945,000 after acquiring an additional 281,052 shares in the last quarter. Geode Capital Management LLC increased its holdings in Ryder System by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 722,689 shares of the transportation company’s stock worth $105,397,000 after purchasing an additional 5,860 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its stake in shares of Ryder System by 212.4% in the third quarter. Jacobs Levy Equity Management Inc. now owns 425,614 shares of the transportation company’s stock worth $62,055,000 after purchasing an additional 289,388 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Ryder System by 0.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 398,837 shares of the transportation company’s stock valued at $58,150,000 after purchasing an additional 1,946 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Ryder System by 7.7% during the third quarter. JPMorgan Chase & Co. now owns 145,353 shares of the transportation company’s stock valued at $21,192,000 after buying an additional 10,446 shares during the last quarter. 87.47% of the stock is owned by institutional investors and hedge funds.

Ryder System Stock Down 1.0 %

Ryder System stock opened at $163.83 on Friday. The firm has a 50 day moving average price of $161.99 and a 200-day moving average price of $149.02. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.17. Ryder System, Inc. has a twelve month low of $106.62 and a twelve month high of $171.78. The company has a market capitalization of $6.93 billion, a P/E ratio of 15.33 and a beta of 1.31.

Ryder System (NYSE:R) last released its earnings results on Thursday, October 24th. The transportation company reported $3.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.39 by $0.05. The business had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.29 billion. Ryder System had a return on equity of 16.78% and a net margin of 3.83%. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period last year, the business posted $3.58 earnings per share. As a group, equities analysts predict that Ryder System, Inc. will post 12 EPS for the current year.

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 shares were sold at an average price of $157.44, for a total transaction of $629,760.00. Following the sale, the insider now owns 20,504 shares of the company’s stock, valued at $3,228,149.76. The trade was a 16.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 5.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on R shares. The Goldman Sachs Group raised their price objective on Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. cut their price target on shares of Ryder System from $148.00 to $144.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Finally, StockNews.com lowered shares of Ryder System from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $147.43.

Ryder System Profile

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.