Community Bank of Raymore Sells 1,372 Shares of Ryder System, Inc. (NYSE:R)

Community Bank of Raymore trimmed its position in Ryder System, Inc. (NYSE:R) by 5.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,563 shares of the transportation company’s stock after selling 1,372 shares during the quarter. Ryder System comprises about 2.8% of Community Bank of Raymore’s investment portfolio, making the stock its 12th biggest position. Community Bank of Raymore owned about 0.05% of Ryder System worth $3,539,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in R. UMB Bank n.a. grew its position in Ryder System by 43.2% in the third quarter. UMB Bank n.a. now owns 265 shares of the transportation company’s stock worth $39,000 after acquiring an additional 80 shares in the last quarter. Truist Financial Corp boosted its position in shares of Ryder System by 0.6% during the second quarter. Truist Financial Corp now owns 14,303 shares of the transportation company’s stock valued at $1,772,000 after buying an additional 90 shares during the period. MML Investors Services LLC boosted its position in shares of Ryder System by 4.7% during the third quarter. MML Investors Services LLC now owns 2,078 shares of the transportation company’s stock valued at $303,000 after buying an additional 94 shares during the period. Buckley Wealth Management LLC boosted its position in shares of Ryder System by 1.1% during the third quarter. Buckley Wealth Management LLC now owns 9,660 shares of the transportation company’s stock valued at $1,408,000 after buying an additional 105 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Ryder System by 20.2% during the third quarter. GAMMA Investing LLC now owns 708 shares of the transportation company’s stock valued at $103,000 after buying an additional 119 shares during the period. 87.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Ryder System Stock Performance

Shares of NYSE:R opened at $165.49 on Monday. The company has a market capitalization of $7.00 billion, a price-to-earnings ratio of 15.48 and a beta of 1.31. Ryder System, Inc. has a 52 week low of $106.62 and a 52 week high of $171.78. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.17. The firm has a 50 day moving average of $162.02 and a 200 day moving average of $147.66.

Ryder System (NYSE:R) last issued its quarterly 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 for 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 quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the firm posted $3.58 earnings per share. On average, sell-side analysts predict that Ryder System, Inc. will post 12 earnings per share for the current fiscal year.

Insider Transactions at Ryder System

In other 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 directly owns 20,504 shares of the company’s stock, valued at $3,228,149.76. The trade was a 16.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 5.10% of the company’s stock.

About Ryder System

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.