TIAA CREF Investment Management LLC decreased its stake in Ryder System Inc. (NYSE:R) by 67.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 118,907 shares of the company’s stock after selling 241,724 shares during the period. TIAA CREF Investment Management LLC owned 0.22% of Ryder System worth $7,842,000 as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of the company. JFS Wealth Advisors LLC raised its position in Ryder System by 72.7% in the third quarter. JFS Wealth Advisors LLC now owns 2,133 shares of the company’s stock worth $141,000 after buying an additional 898 shares in the last quarter. Creative Planning raised its position in Ryder System by 51.1% in the third quarter. Creative Planning now owns 2,366 shares of the company’s stock worth $156,000 after buying an additional 800 shares in the last quarter. First Mercantile Trust Co. acquired a new position in Ryder System during the third quarter worth $208,000. 1st Global Advisors Inc. acquired a new position in Ryder System during the third quarter worth $208,000. Finally, Mackenzie Financial Corp raised its position in Ryder System by 14.3% in the second quarter. Mackenzie Financial Corp now owns 3,550 shares of the company’s stock worth $217,000 after buying an additional 444 shares in the last quarter. Institutional investors own 91.46% of the company’s stock.
Ryder System Inc. (NYSE:R) opened at 74.67 on Friday. The stock has a market capitalization of $3.99 billion, a price-to-earnings ratio of 13.75 and a beta of 1.27. The stock’s 50 day moving average is $78.11 and its 200-day moving average is $69.76. Ryder System Inc. has a 52-week low of $45.12 and a 52-week high of $85.42.
Ryder System (NYSE:R) last issued its earnings results on Tuesday, October 25th. The company reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.01. The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.70 billion. Ryder System had a net margin of 4.32% and a return on equity of 15.76%. The business’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.74 earnings per share. Equities research analysts anticipate that Ryder System Inc. will post $5.77 EPS for the current fiscal year.
R has been the subject of a number of recent research reports. KeyCorp reiterated a “hold” rating on shares of Ryder System in a research note on Sunday, October 9th. Zacks Investment Research lowered shares of Ryder System from a “hold” rating to a “sell” rating in a research note on Wednesday. initiated coverage on shares of Ryder System in a research note on Friday, September 30th. They issued a “buy” rating and a $80.00 price objective for the company. Wolfe Research lowered shares of Ryder System from an “outperform” rating to a “market perform” rating in a research note on Thursday, December 15th. Finally, Aegis initiated coverage on shares of Ryder System in a research note on Monday, October 24th. They issued a “buy” rating and a $77.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. Ryder System has a consensus rating of “Hold” and an average price target of $73.20.
In related news, EVP Karen M. Jones sold 1,000 shares of the stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $69.02, for a total transaction of $69,020.00. Following the transaction, the executive vice president now owns 4,086 shares in the company, valued at $282,015.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Dennis C. Cooke sold 6,000 shares of the stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $79.27, for a total transaction of $475,620.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,978 shares of company stock worth $1,764,149. Insiders own 1.60% of the company’s stock.
About Ryder System
Ryder System, Inc is engaged in offering transportation and supply chain management solutions. The Company operates through three segments: Fleet Management Solutions (FMS), which provides full service leasing, commercial rental, contract maintenance and contract-related maintenance of trucks, tractors and trailers to customers in the United States, Canada and the United Kingdom; Dedicated Transportation Solutions (DTS), which provides vehicles and drivers as part of a dedicated transportation solution in the United States, and Supply Chain Solutions (SCS), which provides supply chain solutions, including distribution and transportation services in North America and Asia.
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