Swiss National Bank Increases Holdings in Ryder System, Inc. (NYSE:R)

Swiss National Bank boosted its position in shares of Ryder System, Inc. (NYSE:R) by 0.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 119,038 shares of the transportation company’s stock after buying an additional 700 shares during the period. Swiss National Bank’s holdings in Ryder System were worth $9,846,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Koshinski Asset Management Inc. bought a new position in shares of Ryder System during the 3rd quarter worth $32,000. Dark Forest Capital Management LP purchased a new stake in Ryder System in the second quarter worth about $45,000. Whittier Trust Co. grew its holdings in Ryder System by 42.7% during the 3rd quarter. Whittier Trust Co. now owns 1,480 shares of the transportation company’s stock worth $122,000 after acquiring an additional 443 shares in the last quarter. Parisi Gray Wealth Management purchased a new position in Ryder System during the 2nd quarter valued at about $130,000. Finally, Ethic Inc. bought a new stake in shares of Ryder System in the 2nd quarter valued at about $204,000. 87.71% of the stock is owned by institutional investors and hedge funds.

Shares of R opened at $78.98 on Friday. Ryder System, Inc. has a 52-week low of $61.36 and a 52-week high of $93.05. The stock has a market cap of $4.24 billion, a PE ratio of 11.67 and a beta of 1.86. The firm’s fifty day moving average is $82.12 and its two-hundred day moving average is $80.27. The company has a quick ratio of 0.56, a current ratio of 0.58 and a debt-to-equity ratio of 1.84.

Ryder System (NYSE:R) last posted its quarterly earnings results on Wednesday, October 27th. The transportation company reported $2.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.09 by $0.46. The business had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.37 billion. Ryder System had a return on equity of 15.58% and a net margin of 3.92%. The business’s revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.21 earnings per share. As a group, research analysts anticipate that Ryder System, Inc. will post 8.52 earnings per share for the current year.

In other news, SVP Cristina Gallo-Aquino sold 4,205 shares of Ryder System stock in a transaction that occurred on Friday, November 5th. The shares were sold at an average price of $88.10, for a total transaction of $370,460.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.30% of the company’s stock.

Several equities analysts recently issued reports on R shares. Truist Securities lifted their price objective on shares of Ryder System from $90.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, October 28th. Wells Fargo & Company raised their price objective on Ryder System from $86.00 to $90.00 and gave the company an “equal weight” rating in a research report on Thursday, October 28th. Stephens lifted their target price on Ryder System from $85.00 to $90.00 and gave the company an “equal weight” rating in a research note on Thursday, October 28th. Truist increased their price target on shares of Ryder System from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, October 28th. Finally, Zacks Investment Research downgraded shares of Ryder System from a “strong-buy” rating to a “hold” rating and set a $84.00 price objective on the stock. in a research report on Tuesday, December 28th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $92.43.

Ryder System Company Profile

Ryder System, Inc engages in the provision of transportation and supply chain management solutions. It operates through the following segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), Dedicated Transportation Solutions (DTS), and Central Support Services (CSS). The FMS segment offers full service leasing and leasing with flexible maintenance options, commercial rental, and contract or transactional maintenance services of trucks, tractors, and trailers.

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

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