EMC Capital Management Has $825,000 Stake in Ryder System, Inc. (NYSE:R)

EMC Capital Management increased its stake in Ryder System, Inc. (NYSE:R) by 425.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,258 shares of the transportation company’s stock after purchasing an additional 4,258 shares during the period. Ryder System makes up 0.5% of EMC Capital Management’s holdings, making the stock its 13th largest position. EMC Capital Management’s holdings in Ryder System were worth $825,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC acquired a new position in Ryder System during the third quarter worth $28,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Ryder System during the 3rd quarter worth about $34,000. UMB Bank n.a. grew its holdings in shares of Ryder System by 43.2% in the 3rd quarter. UMB Bank n.a. now owns 265 shares of the transportation company’s stock valued at $39,000 after acquiring an additional 80 shares in the last quarter. R Squared Ltd bought a new stake in Ryder System during the fourth quarter worth about $45,000. Finally, Decker Retirement Planning Inc. acquired a new position in Ryder System during the fourth quarter valued at approximately $96,000. Institutional investors own 87.47% of the company’s stock.

Insider Activity at Ryder System

In other news, insider Thomas M. Havens sold 4,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $157.44, for a total transaction of $629,760.00. Following the completion of the sale, the insider now directly owns 20,504 shares in the company, valued at approximately $3,228,149.76. This represents a 16.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 5.10% of the stock is currently owned by corporate insiders.

Ryder System Price Performance

Shares of NYSE R opened at $160.77 on Thursday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.17. The business’s 50 day moving average is $162.03 and its 200-day moving average is $149.78. Ryder System, Inc. has a 1-year low of $106.62 and a 1-year high of $171.78. The firm has a market cap of $6.80 billion, a P/E ratio of 15.04 and a beta of 1.31.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on R. The Goldman Sachs Group upped their price objective on Ryder System from $160.00 to $183.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. StockNews.com cut shares of Ryder System from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. Finally, JPMorgan Chase & Co. cut their target price 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 investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $147.43.

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.